The Cagayan Economic Zone Authority (CEZA) is a government owned and controlled corporation that was created by virtue of Republic Act 7922, otherwise known as the “Cagayan Special Economic Zone Act of 1995”.
Under Republic Act 7922, CEZA has the authority to operate or license tourism related activities including games, amusements, recreation and sports facilities, independent and duly recognized by Philippine Amusement and Gaming Corporation (PAGCOR) itself through Republic Act 9487.
Its gaming regulatory operations meet the highest and strictest industry standards and are commensurate with best industry practices. For over a decade, First Cagayan Leisure and Resort Corporation (FCLRC)—the duly appointed Master Licensor of the Cagayan Economic Zone Authority (CEZA)—regulate and monitor all activities pertaining to the licensing and operation of interactive games on behalf of CEZA. FCLRC (a subsidiary of Leisure and Resorts World Corporation—a publicly-listed corporation at the Philippine Stock Exchange) has been developing the jurisdiction with state-of-art technology and infrastructures, and promoting the jurisdiction became one of the leading interactive gaming jurisdictions in the world.
Beyond licensing, it offers value-added services ranging from business-related (i.e. legal consultation services, technical and technological expertise, pre-opening setup and post-opening operation assistance) to leisure and family oriented care, to guarantee a peace-of-mind business environment and enhance a hassle-free lifestyle with work-life balance.
To assure protection, comfort and ease of doing business for both its online gaming operators and their clients, it is under both CEZA and FCLRC’s responsibility to accord gaming operators the opportunity to be part of a promising business environment and to provide a strategic base to penetrate the gaming markets of the Asia-Pacific Region and the rest of the world.