A Philippine gaming license is considered a valuable one. This is due to the fact that The Philippines is the only country in Asia to license online casinos.
The Philippines is considered a mature market for any forms of gambling The Philippine Amusement and Gaming Corporation or PAGCOR is the state agency that operates all physical and online casinos as well as bingo, sports betting and other types of betting establishments. Thus it serves as the sole legal gambling operator, with the exception of Cagayan Special Economic Zone.
The Philippine government owns PAGCOR as well as the established Philippine Charity Sweepstakes, the agency that presides over charity sweepstakes and lotto.
Online Casinos in the Philippines
iGaming or online gambling are considered safe for any players, due to PAGCOR owning some of such establishments. With all casinos tightly controlled and monitored by the licensees, Philippines online Casinos can be considered a safe place for gambling, offering some peace of mind for the online player. It should be noted that PAGCOR itself actually owns and runs many casinos, including some online, and as a government backed entity there a built in sense of security there that would be difficult to find anywhere else.
In legal issues all online casinos bearing the PAGCOR license are considered fully approved and legal to use. However, one should remember that with all online gaming, it is the law of your own country of residence at the time you are playing the games that determines the legality of your activities, not that of the casino you are using. In other words, if it is illegal for you to gamble online where you are, it will be illegal for you to gamble online wherever the casino you are using is situated.
Opportunities in the Local Filipino Casino Scene
A Philippine gaming license is considered a valuable one. This is due to the fact that The Philippines is the only country in Asia to license online casinos. One might be surprised; however, the Philippine society is already used to the notion of gambling. This is due to the country being a former colony of other Western countries that are fond of such entertainment. Clearly, there is a demand for such products within the citizens and the support from the government. However, you should be reminded regulation is tight, but that generally means the casinos themselves are well ran and reliable.
The Philippines is seated at the heart of Asia, which is considered iGaming’s fastest growing market. It is also at the front seat of the world’s online gambling industry. Setting up an iGaming firm in the country can be quite expensive, but there is a favourable taxt system for foreign companies and a very large potential growth, making the initial fees small.
Player and fraud protections are something that is taken very seriously and there is exceptional provision for firms that decide to set up here. This includes being able to set up a dedicated network centre/hub using their state of the art servers and meaning that you are able to offer the best service in the best location.
By investing in high-speed internet, localization and good infrastructure, you can ascertain how serious they are about the industry. It’s attracting many of the world’s best gambling companies come here to do business, and you should go along the wave as well.
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