Katrina Gloria Ponce Enrile, the esteemed administrator and CEO of the Cagayan Economic Zone Authority (CEZA), graced the remarkable Sigma Asia Summit 2023 held at the prestigious SMX Center in Pasay City, Philippines. This event, fully endorsed by the Philippine Amusement and Gaming Corp., showcased an impressive lineup of B2B and B2C brands, as well as land-based exhibitors, bridging the gap between Western networks and Asian suppliers, operators, and affiliates. However, it was the captivating speech delivered by Katrina Ponce Enrile, the accomplished chairman and CEO of CEZA, that truly stole the spotlight.
During Enrile’s address, she presented her vision and call to action for CEZA, positioning it as a beacon of growth, innovation, and opportunity in Southeast Asia. She highlighted the numerous prospects and strategic advantages that CEZA offers. Situated at the northeastern tip of Luzon Island, CEZA boasts prime geographical positioning, providing unparalleled connectivity and accessibility to local and international markets. Furthermore, CEZA’s world-class infrastructure caters to a diverse range of industries, fostering an environment conducive to business growth.
CEZA is also known for its advanced IT facilities, specifically designed to support FinTech and IT activities, including Online Gaming. This makes CEZA a hub for digital innovation. Enrile emphasized CEZA’s pioneering role in regulating Interactive Gaming, ensuring that only legitimate Online Gaming companies are selected and monitored. This robust regulatory framework streamlines processes, reduces bureaucracy, and offers a seamless journey for licensees, adding premium value to their licenses and upholding the reputation of the Gaming Industry.
One of CEZA’s core focuses is on promoting trust and confidence within the IT and FinTech sectors, including Interactive Gaming. Enrile highlighted CEZA’s vetting process and comprehensive regulatory framework, which ensures that only reputable operators gain access to their jurisdiction. This cultivates an environment of trust, protecting the interests of both operators and players in the industry. Enrile also emphasized CEZA’s commitment to safeguarding its licensees from unlawful forces and creating a safe and conducive operating environment.
Enrile’s speech shed light on CEZA’s unwavering commitment to integrity, security, and regulation within the Interactive Gaming sector. She made it clear that CEZA has zero tolerance for illicit activities and that stringent safeguards exist to prevent the gaming industry from becoming a channel for money laundering or criminal activities. She further introduced the Cagayan Special Economic Zone Freeport Security and Defense Plan, aimed at combating illegal gambling and smuggling that could potentially jeopardize the interests of their licensees.
In addition to discussing CEZA’s role in the gaming industry, Enrile also addressed the complex issues surrounding Philippine Offshore Gaming Operations (POGO) and the emergence of syndicates that exploit the online gaming sector. She outlined the proactive steps CEZA is taking to rectify this situation, including integrating retired Generals from the CIDG and the First Scout Ranger Regiment to bolster their security forces.
Enrile concluded her speech with a resounding call to action, urging visionary investors worldwide to seize the abundant opportunities within CEZA’s borders. She emphasized the importance of stakeholders working together to create an environment where progress, innovation, and sound regulatory frameworks coexist harmoniously. Enrile’s compelling speech positioned CEZA as a driving force in the evolution of the digital and gaming industries in Southeast Asia.
The Sigma Asia Summit 2023 provided an exceptional platform for leaders like Enrile to share their visions for the future. Her address underscored CEZA’s prominence and the organization’s potential to shape the digital and gaming landscapes in Southeast Asia.
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.