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Philippines introduces new class of online sports betting licence

11th May 2017 8:08 am GMT
Philippines Flag

A new class of online sports betting licence has been introduced in the Philippines that specifically covers betting on sports regulated by foreign governing bodies.

The new licence regulates offshore gaming operators that offer odds on "regulated gaming events" - those that are supervised by a governing body - and also offer live event audio or video feeds alongside odds.

The new licence is only available to companies that can demonstrate that they are taxed in a particular [...]

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