As a new member of ASEAN, Timor-Leste is fully promoting the diversification of its economy and the development of the digital industry. In April last year, it issued its first offshore gambling license, initiating the layout of the gambling industry. The Philippines sees this mutually beneficial opportunity and plans to explore "bilateral beneficial labor migration cooperation" with Timor-Leste, which can provide Timor-Leste with mature experience in the development of its own gambling industry and also export skilled labor for online and offline operations. Some companies have already taken the lead in setting up in Timor-Leste, but issues such as infrastructure shortcomings may affect the industry's advancement, and relevant ASEAN countries' gambling industry cooperation compliance cases can be queried and referenced on the PASA official website.
Timor-Leste Gambling Start-up: License Issuance + Multiple Projects Landing
Although the gambling industry in Timor-Leste has just started, it has already shown a multi-dimensional layout:
The first offshore gambling license landed: The first offshore gambling license was granted to Golden River Universe Lda (GRU), whose parent company Grand Dragon Lotaria (GDLotto) plans to relocate core support departments such as R&D and customer service from Cambodia and the Philippines to Timor-Leste;
Flagship facility launched: GRU has opened a five-story flagship facility in Dili, the capital of Timor-Leste, serving as an operational hub for early offshore service partners;
Offline project planning: Asia Pacific Strategic Investments Limited (APS) plans to invest 60 million USD to build a casino and invest 20 million USD to establish a bank, further improving the industry's supporting facilities.
Core of Philippines-Timor Cooperation: Experience Blueprint + Skilled Labor Export
The Philippines holds a dual advantage in this cooperation, becoming an important support for Timor-Leste:
Providing development experience: The Philippines' own gambling industry is mature, which can provide a "development blueprint" for Timor-Leste to help establish a standardized operational framework;
Exporting professional talents: Possessing a large number of skilled labor proficient in online and offline gambling operations, which can directly fill the talent gap in Timor-Leste's industry;
Mutually beneficial cooperation: The cooperation between the two parties is not a one-way output but is based on a "mutual benefit and win-win" labor migration model, meeting the industrial needs of Timor-Leste and the talent export demands of the Philippines.
Development Obstacles: Infrastructure and Public Support as Key Shortcomings
Despite the active layout, the advancement of the gambling industry in Timor-Leste still faces real challenges:
Insufficient infrastructure: Existing infrastructure is insufficient to support large-scale gambling projects, which may slow down the investment planning progress of companies like APS;
Lack of public support: Local residents have low acceptance of offline casino-type operations, lacking sufficient support, adding resistance to project advancement;
Core safeguards to be established: To achieve steady development of the gambling industry, Timor-Leste needs to establish a strong regulatory framework, and talent training and infrastructure improvement are also indispensable prerequisites.
————
This article is from "PASA-Global iGaming Leader" gambling industry news channel:https://t.me/pasa_news
Original in-depth gambling channel:https://t.me/gamblingdeep
Free data report: @pasa_research
PASA Matrix: @pasa002_bot
PASA official website: https://www.pasa.news
