SunCity Group is a leading online casino service provider. There is a need to restructure the online casino service in the Philippines to respond to changing regulations in the country.
SunCity Group is the leading online casino service provider . It is necessary to restructure the online casino service in the Philippines to respond to changing regulations in the country.
SunCity celebrated its 10th anniversary last week and CEO Alvin Chau Cheok Wa said that SunCity’s foundation began in Macau, but the company has a goal of developing businesses around the world. The company opened 26 new VIP rooms at casinos in Macau, Seoul, Melbourne and Manila.
SunCity also provides a robust online casino gambling service from a license issued by Isle of Man-licensed Xela Holdings Ltd and 138.com, an online casino brand that has many customers from Asia and Chinese gamblers in abroad
But sources have informed us that SunCity has released a large number of online casino employees in Manila and plans to switch to an online casino in London. Dan and management will work in the Isle of Man.
SUNCITY may be the first
SunCity has a large casino serving the Cagayan Economic Zone Authority (CEZA) in the north of the country. And the company may launch an online casino service in Manila to comply with the regulations governing gambling on the new online casino in the Philippines.
Under the laws of the Philippines Gambling service provider Online casino In the special economic zone Must maintain relevant services, including business process recruitment services (BPO) within those areas Only online casino service providers are licensed. PAGCOR issued by Philippine Offshore Gaming Operator (POGO) with domestic service rights only
But the infrastructure of CEZA cannot compete with the Manila system and First Cagayan Leisure and Resort Corporation have revealed that it has spent more than $ 7 million in technical upgrades because they can’t wait to issue licenses.
Restructuring according to tax increases
Unauthorized service providers 35 POGOs in the first generation must comply with geographic restrictions if they want to continue to provide services from the Philippines. But we received news that 35 licensees POGO are considering service options in the Philippines
The POGO licensee does not need to follow SunCity’s plan unless the tax regulations of the Philippines are reduced. Which may result in service providers having to go out to find a new country and maintain the marketing office only in the country
The Philippine government has adopted the POGO system as a revenue generator and new licenses will result in higher taxes and higher fees than those permitted by economic zones. Therefore, the government will have strict measures against suspected service providers in Using the new system