First Cagayan
First Cagayan， Formally established in 2003, it is the earliest and only legitimate online gambling license agency in Asia. First Cagayan is a US listed company headquartered in Cagayan Province, Philippines. The gambling company is regulated by the Cagayan Economic Zone Authority (CEZA), which is the Cagayan Economic Zone Authority.
Because it provides services to online game companies, the Philippine government granted it authorization, management and supervision rights over the games of these online game companies at that time.
In fact, the original intention at that time was to ensure that these online gaming companies did not falsify their live action videos?! Is instant lottery and sports lottery fair and open?! What is protected is the rights and interests of online game players. If any online game company holding the First Cagayan license engages in fraud and fails to make payments, we can use the First Cagayan company to protect our rights
First Cagayan has been issuing 114 licenses since its establishment in 2003, and continued to issue licenses in 2018.
Illegal online game cases in 2016
In mid-2016, the newly elected Philippine President Duterte immediately expressed his political views upon taking office. The first target to be cracked down on was the Philippine drug abuse case, while the second target to be cracked down on was illegal online gaming cases! So, a few months later, many drug traffickers or drug users in the Philippines, one by one, lay corpses on the streets, bleeding into rivers, causing a series of human tragedies! And famous news channels in the United States have also broadcasted the tragic scenes of drug users and traffickers being killed, and Philippine President Duterte has also been under tremendous public pressure.
In September 2016, the famous PAGCOR government agency in the Philippines suddenly announced that it could legally issue Philippine online gambling cards, claiming that if it did not apply for the agency’s license, it would be considered an illegal online game! But in December 2016, the most shocking news broke out, with 1314 Chinese online gamers from Fontana Leisure and Resort Corp., a network licensed company holding First Cagayan, located in the Clark Economic Zone, being arrested by Philippine riot control forces, the National Investigation Bureau, the Immigration Bureau, local police, and some government officials, and forcibly suppressed in the lobby of the resort for inspection! Hundreds of illegal foreigners have absconded and are wanted by Philippine authorities. In addition, Mr. Lin Yingle, the owner of Clark Resort, has been charged with operating illegal online games (because he did not take PAGCOR’s gambling cards), evading taxes, hiring illegal foreign workers, and bribing officials.
Philippine Senate and Supreme Court file complaints against PAGCOR
In March 2017, the Philippine Senate and the Philippine Supreme Court asked PAGCOR to immediately stop accepting online game licenses and issuing rights. Finally, under the investigation and trial of the Philippine Senate and the Philippine Supreme Court, PAGCOR promised to recycle the previously issued online game licenses and suspend the online gambling business!
But then another organization appeared —-APECO! Asia Pacific online entertainment game organization (APECO) is the only legal game license issuing institution in the Philippines, and the Senate and Supreme Court of the Philippines have also recognized the functions and rights of APECO. In August 2017, the Philippine government released the jurisdiction of APECO, which was limited to the Philippine Aurora Special Economic Zone. PAGCOR also re-released the latest license list that month, that is, the most popular one in August 2017, so (PAGCOR) is a 100% government-owned and controlled company under the Office of the President of the Republic of the Philippines.
PAGCOR generates revenue for the Philippine nation
PAGCOR has three functions:
First, standardize, operate, authorize and license lottery games, card games and electronic games, especially casino games in the Philippines.
Second, create income for the Philippine government’s social citizenship and national development plan.
Third, increase and upgrade the business of tourism-related industries in the Philippines.
At the same time, PAGCOR himself runs these nine big casinos in the Philippines, all of which are called Casino Filipino, with one in Malate and one in Manila Bay.
And PAGCOR’s income has a considerable proportion of distribution:
1. The bonus of 5% of the income is allocated to BIR as franchise tax.
Two, 50% of the balance of 95% of the income is owned by the Ministry of Finance as the income share stipulated by the national government.
3. The cities hosting PAGCOR Casino provide a fixed amount for their respective community development projects.
Iv. PAGCOR pays enterprise income tax in accordance with national domestic tax laws and regulations.
Five, 5% of the balance after the franchise tax and the income share stipulated by the national government shall be used for the Philippine Sports Commission to provide funds for the country’s sports development plan.
Six, 1% of the net income is used for the Claims Committee under the Ministry of Justice, which compensates the victims of illegal detention and prosecution.