|G-Master Technology Company Limited, has been appointed by First Cagayan (First Cagayan Leisure and Resort Corporation) a Philippines Government body - as Preferred Agent of it’s the new restrictive Internet Sportsbook license, for China, Taiwan, Hong Kong, Macau, Malaysia, Singapore, Thailand, Vietnam, Indonesia and Cambodia. |
This brand new online gaming license - the “Restrictive License” - permits qualified licensees to operate legal bookmaking business in soccer and basketball without paying any gaming tax. The license fee is very competitive (starting at US$26,000 per year) comparing to other jurisdictions that issue Internet gaming licenses.
First Cagayan (First Cagayan Leisure and Resort Corporation) is the Master Licensor of all Internet gaming operators in the Cagayan Special Economic Zone and Free Port (CSEZFP) of the Philippines. First Cagayan and it’s consultants I.C.S, www.casinoservices.com.au announced its new online gaming license package on 09-09-2004 and appointed G-Master Technology Company Limited as its preferred agent in the mentioned countries
“G-Master has great marketing experience in the online gaming market and Has established an extensive network in the industry, especially in the Asian Markets” says Albee Benitez, the president of First Cagayan. “We are confident that this cooperation will be a win-win situation for the investors, G-Master and First Cagayan.”
Jason Chan, the Executive Director of G-Master Technology Company Limited, is very optimistic about the cooperation. “First Cagayan is offering this very attractive and competitive license option to medium-sized investors,” says Chan. “But more importantly, the online gaming laws and regulations of First Cagayan are well established and implemented. With the market know-how of G-Master and the cutting edge facilities and infrastructures of CSEZFP, this cooperation is going to have a big impact on the Asian online gaming market.”
The online gambling license issued by First Cagayan and its representative G-Master is targeted to medium-sized operators. Investors can obtain this license that allows online wagering operation of up to four sports categories at very affordable yearly fee. This new concept is going to create a whole new market segment within the online gaming industry.
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G-Master Technology Company Ltd.