By virtue of Republic Act 7922, the Cagayan Economic Zone Authority or for short CEZA was established as a government-owned and managed organization and it is responsible for managing gambling activities in the Philippines.
Name | Philippine Amusement and Gaming Corporation (PAGCOR) |
---|---|
AKA | PAGCOR |
URL | Pagcor.ph |
Jurisdiction | Philippines |
Founded | 1977 |
Type | Local |
The Cagayan Economic Zone Authority, which was founded in February 1995, is a government-controlled and owned entity tasked with keeping an eye on land-based and remote gaming in the Cagayan and Freeport regions of the Philippines. The main gambling regulatory body for the Philippines gambling industry is based in Greenfield District, Mandaluyong.
The Philippines Regulatory Body was established following the introduction the Cagayan Special Economic Zone Act, also known as virtue of Republic Act 7922. According to the main gambling legislation enforced in the Philippines, most gambling activities are legal in the country, and there are specific gambling laws and regulations Filipino residents have to obey. For instance, only individuals of at least 21 years old can play at land-based casinos.
Serving as one of the main gambling authorities in the Philippines, the Cagayan Economic Zone Authority is tasked with issuing remote gambling licenses to online casinos and online sports betting sites. While this Philippines regulatory body has the power to issue gambling licenses, all applicants first need to obtain a license issued by the PAGCOR, which is the main regulatory body for this region.
The Cagayan Economic Zone Authority also has the power to run independently from other gambling regulators operational in the same area. This Philippines regulatory body can also run through different subsidiary organizations. In addition, The CEZA has prioritized and set rules for all tourism-related activities in the Cagayan Economic Zone area, including games, amusements, recreational and sporting facilities, including horse races, dog races, casinos, online casinos, golf courses, and more.
What is also important to note is that the 50,000-hectare economic zone in Cagayan is operated and managed by the Cagayan Economic Zone Authority. Regarding the agency’s gambling-related responsibilities, the licenses issued by the regulatory body cover a wide range of gambling products, including online casino games, sports betting, poker, and instant-win games.
According to the main gambling legislation in the Philippines, other forms of gambling are also legal in the country, including sabong or cockfighting, PSCO lotteries, and betting on horse races. The Cagayan Economic Zone Authority is also overseeing these activities.
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