Online Casinos involvement inward the Philippines Bizwatch
It looks similar the gaming manufacture inward the Philippines is just getting stronger. Several online casinos have got expressed involvement to be players inward offshore gaming inward the Philippines.
More strange online casinos are interested inward putting up shops inward the country. With this development, authorities revenue from offshore gaming licenses is expected to double for 2018.
The water ice Totally Gaming case, the world’s largest gambling manufacture conference, was held inward the Philippines recently. Pagcor Chairman Andrea D. Domingo was there and talked about growing strange involvement inward the Philippine Offshore Gaming Operations. During the said case, online casinos based inward Greece, Malta and other countries approached her to discuss about joining the Philippine Offshore Gaming Operations or POGO.
Several POGO-accredited companies are interested to come into the country. POGO-accredite companies include not only online gaming companies but also service providers and player agents operating inward the Philippines. Pagcor Chairman Andrea Domingo, all the same, stressed that the local gaming manufacture is still strictly regulated by the authorities and cannot be accessed by local residents. According to Chairman Domingo, “only foreigners outside the Philippines can play our licensed e-casinos. We have got no plans to open it to local players.”
Meanwhile, Pagcor is one of 30,000 attendees inward the 2018 London gaming conference inward order to be updated on the latest gaming machines. Pagcor Chair Domingo also said that the agency has to be updated on the latest regulatory moves and how to prevent illegal connections.
Currently, there are 45 online casinos ad 10 sports betting operators that are licensed to operate inward the country. in conclusion year, the authorities earned P3.14 billion from POG licenses. Pagcor has a consulting business solid that will start auditing online gambling licensees’ financial activities. The consulting business solid has projected authorities earnings for 2018 to reach P6 billion.