The Philippines has announced a new class of online gambling license for operators offering betting markets on sports regulated by foreign governing bodies.

In an announcement dated May 3 and posted to its website on Monday (8), the Philippine Amusement and Gaming Corporation (PAGCOR) announced plans to issue a new ‘offshore’ gaming license for “Sportsbetting on Regulated Wagering Events.”

This “special class” of license applies to online operators that take wagers on “regulated gaming events, such as but not limited to, horse or dog races” and provides customers with “live event audio and/or visual feeds of such regulated gaming events, and such events are regulated by a foreign governing body.”

This new license is available only to operators that pay tax or fees for rights to live audio/video feeds “and/or betting pool access” by the sporting events’ governing bodies or contents rights holders. Applicants must have “express written permission” of the governing body or rights holder of the sporting events in question.