Tag: License

The evolution of the iGaming business in the Philippines - 1Stop Translations

The evolution of the iGaming business in the Philippines

The Philippines is one of the fastest-growing and most dynamic markets for the iGaming business in Southeast Asia. With a population of over 100 million people, a strong cultural affinity for gambling, and a supportive regulatory environment, the country offers a lucrative opportunity for iGaming operators and investors. According to Statista, the revenue of the online games industry in the Philippines is projected to reach 2.18 billion U.S. dollars by 2027, up from 1.1 billion in 2020.

4 minutes – read

This impressive growth is driven by several factors, such as the increasing penetration of smartphones and internet access, the popularity of mobile and social games, and the development of the Philippine Offshore Gaming Operators (POGOs) sector.

The evolution of the iGaming business in the Philippines - 1Stop Translations

The POGOs are a new category of offshore gaming licensees that are allowed to offer online gaming services to players outside the Philippines. The POGOs have contributed to the expansion and diversification of the iGaming industry in the Philippines, as they generate employment, tax revenue, and foreign investment. Also notable is the planned launch of PAGCOR’s own online casino, dubbed Casino Filipino, in the first quarter of 2024.

In this article, we will explore the current landscape of the iGaming market in the Philippines, highlighting its potential for expansion amidst new and evolving developments, while also considering its implications from a global standpoint.

What is PAGCOR?

Fair and safe gambling doesn’t always happen on its own and it requires a governing body to ensure best practices. In the Philippines, this is done by the Philippine Amusement and Gaming Corporation (PAGCOR).

What is PAGCOR? - 1Stop Translations
Philippine Amusement and Gaming Corporation is a government-owned and controlled corporation established in 1976

Created in 1976, PAGCOR’s objective is to make sure that the gambling industry is regulated, licenced, and operated properly. They also aim to promote tourism and entertainment, which is why they’re also in charge of building and running casinos, bingo halls, poker clubs, and other gaming places that attract visitors from all over the world.

Government-owned Casino Filipino online

One of the most notable initiatives of PAGCOR is the launch of a new online casino platform under its own casino brand, Casino Filipino. The online casino, which is expected to go live in the first quarter of 2024, aims to extend the reach of PAGCOR’s gaming operations to the global market, especially in Asia, where there is a high demand for online gambling services.

Government-owned Casino Filipino online - 1Stop Translations
Casino Filipino is committed to helping boost the Philippines’ tourism industry by providing world- class entertainment

The online casino will offer a variety of games, such as baccarat, blackjack, roulette, slots, and video poker, as well as live dealer games that will feature real-time interaction with professional croupiers. Moreover, the online casino will leverage the latest virtual reality technology to deliver immersive and cutting-edge gaming experiences to its customers, allowing them to enjoy the thrill and excitement of a real casino from the comfort of their homes.

The new Philippines iGaming licence

Another major development in the iGaming business is the introduction of the Philippines iGaming licence, which is a new type of online gaming licence that allows operators to offer their services to customers outside the Philippines.

The iGaming licence was launched in December 2023 by the Philippine Offshore Gaming Operators (POGO) Regulatory Office, which is the division of PAGCOR that regulates the offshore gaming industry in the country.

The new Philippines iGaming Licence - 1Stop Translations
The new Philippines iGaming licence was launched in December 2023 by the Philippine Offshore Gaming Operators (POGO) Regulatory Office

The online gaming licence has attracted considerable interest from the iGaming industry, as it offers several advantages over the more established Curacao licence, such as lower fees, faster processing, higher security, and greater flexibility. The iGaming licence also enables operators to access the lucrative Asian market, which accounts for more than 60% of global online gambling revenues.

The importance of language support and localised translations

As the iGaming business in the Philippines continues to grow and expand, it is essential for operators to ensure effective and professional communication with their target markets, especially in regions where English is not the primary language.

Language support and localised professional translations are key factors that can enhance the user experience, trust, and loyalty of customers, as well as increase the conversion and retention rates of operators. By using 1Stop Translations, you can invest in quality language services that will provide accurate, reliable, and culturally appropriate translations of your website, games, marketing materials, and customer support.

Our professional iGaming translations can not only ensure that you remove the language barriers for players all over the world, but they’ll also help you gain a competitive edge and establish a strong presence in the globalised iGaming market, particularly in burgeoning regions such as Asia.

Need a quote? Click here

New regulations for Curacao gaming licence - 1Stop Translations

New regulations for Curacao gaming licence

Curaçao’s emergence as a pivotal hub in the iGaming industry is underscored by its widely recognised Curacao iGaming licence. This small Caribbean island has rapidly become a benchmark for obtaining a gaming licence, offering a blend of regulatory flexibility and business-friendly policies that appeal to operators worldwide.

4 minutes – read

As a result, the Curacao gaming licence has gained prominence, attracting a plethora of iGaming businesses seeking to establish credibility and access international markets.

With recent regulatory changes aimed at enhancing security and transparency, Curacao continues to shape the global iGaming landscape, reinforcing its position as a leading licencing authority.

New regulations for Curacao gaming licence - 1Stop Translations

The evolution of Curacao in the iGaming industry

On 1 September 2023, Curacao approved transformative changes to its gaming legislation, which took effect in November. These changes mark a significant departure from the previous iGaming regulations and gambling law, which were characterised by the issuance of master licences by the state and the subsequent granting of sub-licences by master licence holders.

The new system introduces an application process for new master licences directly from operators, aligning with existing legislation. This shift aims to centralise control and enhance the oversight of the iGaming sector within Curacao.

The evolution of Curacao in the iGaming industry - 1Stop Translations
On 1 September 2023, Curacao approved transformative changes to its gaming legislation

Here are the key changes and differences compared to the previous gambling regulations:

Types of licences

  • Old System – Previously, the Curacao licencing system was based on a master licence and sub-licence structure. A few master licence holders had the authority to grant sub-licences to other gaming operators
  • New System – The reform has eliminated the sub-licence model. Now, the Curacao Gaming Authority (CGA) directly issues a single type of licence to all operators, ensuring uniform standards across the board

Location of companies

  • Old System – Under the old regulations, there was no strict requirement for the physical presence of the company in Curacao
  • New System – The new regulations mandate that companies applying for a Curacao iGaming licence must have a genuine presence in Curacao, which includes having local management and meeting economic substance requirements

Regulatory oversight

  • Old System – The oversight was relatively decentralised, with master licence holders responsible for regulating their sub-licencees
  • New System – The CGA now has centralised control and is the sole regulatory body responsible for oversight, compliance checks, and enforcement of regulations

Player protection and anti-money laundering (AML)

  • Old System – There were fewer stringent measures in place for player protection and AML
  • New System – The new regulations have introduced enhanced player protection policies and stricter AML procedures to align with international standards

Transparency and Fairness

  • Old System – The level of transparency and fairness was not as rigorously enforced
  • New System – The CGA is focused on ensuring that all licenced operators adhere to high standards of transparency and fairness in their gaming operations

What’s new in Curacao gaming licence?

What's new in Curaçao gaming licence? - 1Stop Translations
Embracing change: Curacao’s iGaming reform promises enhanced safety, security, and transparency

The motivations behind the reform of Curacao’s iGaming sector are centred around enhancing the safety, security, and transparency of online gaming.

Consumer protection

The reforms aim to protect consumers by ensuring that operators provide a safe gaming environment. This includes measures to prevent problem gambling and protect vulnerable players.

Greater security

By establishing a robust regulatory framework, the reforms seek to secure the industry against fraudulent activities and cyber threats. The new iGaming regulations also emphasise the importance of protecting player data and ensuring the confidentiality of sensitive information.

Increased transparency

The reforms are designed to increase financial transparency, making it easier to track transactions and prevent money laundering. Additionally, with direct licences, there is clear accountability for operators, who must comply with stringent iGaming regulations and reporting requirements.

Alignment with international standards

The changes are motivated by the desire to align Curacao’s iGaming industry with international standards, enhancing its global reputation and trustworthiness. By raising the bar for regulatory compliance, Curaçao aims to attract more reputable operators and investors to its jurisdiction.

Economic benefits

The requirement for operators to have a local presence is expected to contribute to the local economy through job creation and infrastructure development.

The reasons for the iGaming reform in Curacao

The reasons for the iGaming reform in Curacao - 1Stop Translations
Curacao’s gaming reform elevates standards and promotes responsibility

Overall, the reform is a strategic move to position Curacao as a leading and respected jurisdiction in the global iGaming sector, ensuring that it remains competitive and continues to thrive in a rapidly evolving digital landscape. The amendments to Curacao’s gaming legislation reflect a global trend towards more stringent regulatory measures.

The new independent regulatory body, the Curacao Gaming Authority, replaces the Curacao Gaming Control Board, issuing both B2B and B2C licences. This overhaul addresses concerns about money laundering and aims to boost transparency and responsible gambling practices.

In conclusion, the iGaming sector’s evolution underscores the necessity of adapting to diverse global markets. Effective iGaming translations and localisation strategies are indispensable for marketing and iGaming services, ensuring that operators can engage with customers across different linguistic and cultural landscapes.

For help with this, contact 1Stop Translations. We specialise in the creation of multilingual content and iGaming translations dedicated to the iGaming industry that effectively increase engagement and help you reach a wider audience.

Need a quote? Click here

Top 3 online gambling licenses you didn't know - 1Stop Translations

Top 3 online gambling licenses you didn’t know

In the burgeoning world of online gambling, securing the right iGaming license is a pivotal first step. This key to operating legally can help to bolster your iGaming business.

5 minutes – read

Top 3 online gambling licenses you didn't know - 1Stop Translations

The most renowned license in the industry is the Curacao license, known for its extensive reach and modest requirements. The diverse landscape of the iGaming sector presents several other options, each with its unique advantages. It is essential to carefully weigh up your choices to find the iGaming license that perfectly aligns with your business objectives.

Having several choices when it comes to obtaining a gaming license offers flexibility and strategic advantages to your iGaming business.

Different jurisdictions come with varying benefits, from fast processing times and lower costs to tax benefits to robust legal protections. This range of options allows businesses to select a license that aligns with their operational needs, target markets and financial strategies.

Additionally, having a choice of licenses enables businesses to adapt to changing regulatory landscapes and geographic expansions. Ultimately, it empowers your iGaming venture to navigate the dynamic gambling scene effectively and competitively.

Fastest and easiest iGaming license: Anjouan

Fastest and easiest iGaming license: Anjouan - 1Stop Translations
For businesses looking to scale quickly and with minimal hurdles, the Anjouan license can be an ideal choice

When it comes to simplicity, the Anjouan license stands out. Part of the Union of Comoros, a small African nation, Anjouan has been offering its license since 2005. What makes this license particularly attractive is:

  • Quick process: It typically takes 2-3 weeks to secure an Anjouan license, far quicker than many other jurisdictions.
  • Minimal bureaucracy: The requirements are less stringent and paperwork is kept to a minimum, making it an easy process for new entrants into the sector.
  • Cost-effective: The cost to apply and maintain this license is relatively low, easing the financial burden on startups.

Despite these advantages, it’s essential to understand that Anjouan is less recognised compared to other jurisdictions. For businesses looking to scale quickly and with minimal hurdles, this can be an ideal choice.

Kahnawake: online gambling license with zero taxes

Based in the Canadian Mohawk territory, the Kahnawake Gaming Commission has been issuing licenses since 1996. Over the years, it has gained repute for its robust gambling regulations and zero-tax policy. Here’s what you should know:

  • No tax: With a Kahnawake license, enterprises pay no tax on profits, making it a lucrative option for expanding iGaming businesses.
  • Trusted and reliable: Kahnawake enjoys a high level of trust and is recognized by various countries, increasing the attractiveness of businesses holding this license.
  • Comprehensive regulations: The region has comprehensive gambling laws that ensure fair play and protection for gamers, enhancing your brand’s reputation.
Kahnawake: online gambling license with zero taxes - 1Stop Translations
Kahnawake: online gambling license with zero taxes

While it’s not the easiest license to obtain, the tax benefits and global recognition make it an attractive option for businesses in the iGaming sector.

Isle of Man gambling license: top infrastructure and fiscal benefits

Finally, let’s look at the Isle of Man. Known for its comprehensive legal framework, top-tier infrastructure and attractive fiscal benefits, this jurisdiction is a highly regarded entity in the industry. Advantages include:

  • Reputable: Holding an Isle of Man license adds prestige to your business. This jurisdiction is known for its strict regulations and high standards, thus earning trust from players worldwide.
  • Top-notch infrastructure: The Isle of Man offers world-class IT infrastructure, ensuring seamless online operations for your business.
  • Fiscal benefits: Businesses enjoy low corporate taxes and zero taxes on gambling profits, making it financially beneficial.

The Isle of Man license might be more challenging to obtain due to its stringent requirements, but the benefits it brings make it a worthy consideration for any iGaming business.

Isle of Man gambling license: top infrastructure and fiscal benefits - 1Stop Translations
Isle of Man gambling license: fiscal benefits

Enhancing your iGaming business with professional translations

Having the right iGaming license is just the start. To truly penetrate and thrive in the global market, effective communication with your audience is key. That’s where iGaming translations come in.

High-quality iGaming translations help your business to navigate the complexities of the international iGaming sector, ensuring that your services are accessible and engaging to users across different regions. From gaming content to legal documents, iGaming translations ensure that every aspect of your business is linguistically and culturally apt for your target market.

Beyond translations, the successful expansion also requires a deep understanding of global gambling regulations and the nuances of this sector in different regions. This is where we come in with our comprehensive iGaming services.

From securing the right license to providing expert translations and effective digital marketing strategies, we’re here to support and drive your growth in the exciting world of online gambling.

Ready to take your iGaming services to the next level? Contact us today and let’s explore how our services can help you achieve your business objectives.

Do you need help to get started or to further your existing link building strategy? Contact us for a free advice or request a video call with our experts.

Need a quote? Click here

How to get an iGaming license in Curacao - 1Stop Translations

How to get an iGaming license in Curacao

Obtaining a Curacao iGaming license is an attractive proposition for any company in the online gambling sector.

4 minutes – read

How to get an iGaming license in Curacao - 1Stop Translations

Located 65 kilometres north of Venezuela, the island of Curacao is in a unique position with regard to gambling and online gaming, offering less stringent gambling regulations and more favourable taxes than many other locations.

To operate an iGaming company out of Curacao, you need to be properly licensed. In this article, you will learn about the process of getting an iGaming license in Curacao and why it is an innovative idea for your iGaming business.

Online gambling license in Curacao: costs and regulations

Online gaming in Curacao is regulated and you will need a license to operate there. The process is not complicated and should take around six weeks to complete.

A company applying for a Curacao iGaming license must meet the following requirements:

  • The company must be incorporated in one of Curacao’s e-Zones as a local legal entity
  • A local managing director, certified by the Curacao Chamber of Commerce & Industry, must be appointed
  • At least some proportion of the company’s infrastructure must be located in Curacao

In addition, you’ll also need to provide the following documents when you apply for a Curacao iGaming license:

  • Proof of address (such as utility bills, official correspondence, etc)
  • A professional reference letter from an accountant or a lawyer. This must be someone with whom you have maintained a professional relationship for no less than two years
  • A bank reference letter. This should be addressed to “to whom it may concern”. It must be on official bank letterhead and signed by a bank employee. It must include the employee’s full name and their position
  • Software licensing agreements. Your gaming software must be fully licensed, and you will need to demonstrate this by providing up-to-date copies of any license agreements
Online gambling license in Curacao: costs and regulations - 1Stop Translations
Online gaming in Curacao is regulated and you will need a license to operate there

There are various agencies that can assist you with the process of setting up a physical location, making banking arrangements and appointing a local managing director.

The cost of a Curacao iGaming license itself is around USD $17,000 as of 2023. There may be additional fees associated with setting up your Curacao location and arranging with an appropriate bank.

Depending on whether you undertake the work yourself or choose to employ an agency, you should expect to pay around USD $20,000 to obtain a license. The process should take between four and six weeks to complete.

Why should you choose Curacao for iGaming in 2023?

Although technically a part of the Netherlands, Curacao has its own government and is a separate legislative jurisdiction from the Netherlands. This provides a number of advantages.

For example, as the Netherlands is part of the EU, businesses in Curacao can benefit from EU trade conditions without being subject to the higher taxes that usually come with doing business in an EU country.

Curacao also offers favourable gambling regulations. It is easier to secure a gaming license there than in most other jurisdictions and the gambling law is less restrictive. The cost of doing business is also lower.

Why should you choose Curacao for iGaming in 2023? - 1Stop Translations
Curacao offers favourable gambling regulations

Another advantage of choosing Curacao as a base for your iGaming services is that their gambling law allows for payment in cryptocurrency, something that is not always permitted in other jurisdictions. Cryptocurrency is popular with some players due to its convenience and anonymity.

As of 2021, approximately 12,000 websites providing iGaming services were registered in Curacao. This number has only grown since then, as more businesses in the iGaming sector recognize the benefits of choosing Curacao.

iGaming localization in Curacao

As more people worldwide take up online gaming, it’s increasingly important to obtain quality localisation services. People are only likely to play games they can fully understand. Poor-quality translations can create a negative impression among players, making the game seem lower in quality and less enjoyable.

This is particularly significant for businesses in the iGaming sector. By developing localisation for multiple different regions, you can attract a larger customer base for your iGaming services. Localising a game in Curacao, for example, will provide greater access to the large and expanding Latin American market.

While iGaming translations are crucial to the localisation process, they are just a part of the whole picture. Once translations have been completed, they will need to be edited to ensure that the quality, style, and messaging are maintained. User interfaces may need to be altered to ensure that text displays properly.

iGaming localization - 1Stop Translations
Localising a game in Curacao will provide greater access to the large and expanding Latin American market

Another major factor is cultural adaptation. Any game that is released in a particular region needs to be adapted for the regional culture. This can include simple things, such as references to food, drink, or landmarks. It will also need to include compliance with laws, regulations, and local customs.

To find out more about quality iGaming translations and localisation services for the iGaming sector, contact us today. We offer premium iGaming translations for a range of different markets.

Did you like the article? Contact us to let us know what you thought.

Do you need help to get started or to further your existing link building strategy? Contact us for a free advice or request a video call with our experts.

Need a quote? Click here

Get a Free and Fast Quote for Your Project, Crypto Payments accepted. Click Here!