Southeast Asia’s youngest country is progressing towards becoming the newest hub for licensing and professional support services for the global iGaming industry.
This important development for the country will see the establishment and incorporation of the Virtual Gaming Association (VGA) of Timor-Leste to create a policy of best practices for the licensing and regulation of iGaming in the country.
Partners involved in the implementation of this process are currently in Malta at the SiGMA tradeshow to meet with global gaming operators and receive industry feedback that will influence the definition of this sector’s policies in Timor-Leste and help set up the country as an iGaming-friendly global licensing jurisdiction.
Timor-Leste’s Ambassador to Indonesia, HE Filomeno Alexio shared the stage at the Malta Experts Insight summit today along with Antonio Sampaio of Capital S, Richard Leather of TheRegulationService and Patrice Rodrigue of Angular Legal to address questions about this new jurisdiction.
That panel was preceded by an introduction from Timor-Leste’s President and Nobel Laureate Jose Ramos-Horta, who addressed the audience via an eight-minute video highlighting his country and its unique position in Asia.
Timor-Leste’s potential, with two thirds of its entire population under 30, will open significant opportunities for the creation of call centres, data centres and the development of a luxury resort and casino.
The Virtual Gaming Association of Timor-Leste is the trade association for the iGaming industry in Timor-Leste. It is currently focused on consultation from the industry, via its membership, to develop best practices for Timor-Leste ‘s iGaming regulation. This will include player protection measures, technological requirements for operators and developing the commercial framework that makes Timor-Leste one of the most business-friendly jurisdictions globally for the iGaming industry.
For further information please visit VGA.tl or contact the VGA at Info @ VGA.tl.
