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Tuesday 28th September 2004
Philippines, September 2004. G-Master Technology Company Limited www.gmastech.com, has been appointed by First Cagayan (Philippines Online Gambling License Issuing Organization) to analyze and ensure all software being used by each applicant for a Restrictive SportsBook License complies with the requirements of the Interactive Gaming Act.
G Master will provide FCLRC with a certificate of compliance to this effect prior to the issuance of any license.
“G-Master has great I.T. experience in the online gambling market, their comments on the software would not only contribute to us but also to the applicant” 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.”
“One of the many reasons we adopt G Master’s services is because they have accumulated 4 years of experiences with analyzing different World Class systems, both casino and sports betting. They are clear about Pros and Cons of each software; we hope they could bring these experiences on board” says Benitez.
Jason Chan, the CEO of G-Master Technology Company Limited, is very optimistic about the cooperation. “At the moment, there are not a lot of software suitable for Asian operators, they are either too complicated for punters or for back end controllers,” says Chan. “We will try our best to offer practical advices to applicant if their software is not competitive enough for Asian markets.” Followed by a smile, Chan says “we are neutral to all software because we do not develop our own, unlike other international audit companies where they might be biased to their local products.”
Philippines, 9th September 2004. G-Master Technology Company Limited, has been appointed by First Cagayan 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 9th Sept 2004 and appointed G-Master Technology Company Limited as its preferred agent in the mentioned countries
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.
If you have any question concerning this media release, you are welcome to contact Celia Ho at (853) 700477 or send your email to celia@gmastech.com.
Source: OnlineCasinoNews
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