In the Philippines, the online gambling industry is booming. The rise of online casinos in this country is largely due to a law that was passed in 2017, which legalizes and regulates online gambling in the Philippines. This law also paved the way to legalize online poker, and sports betting, among many other things.
The Legalization of Online Gambling in the Philippines
In 2017, the Philippine Congress passed a law that legalized and regulated online gambling. This law includes poker, sports betting, keno, and bingo. These activities are now legal under the country’s Games and Amusements Board (GAB). The GAB is an organ of the Department of Justice tasked with regulating games of chance in order to prevent illegal gambling.
As a result of this new law, it is now possible for companies operating in the industry to apply for licenses with the GAB. This means that foreign companies can also operate in the country as long as they comply with all local laws.
This new law has been a boon for casino operators like Jili who had previously been struggling with declining profits due to various circumstances on their operations. As more people turn to online casinos to gamble, their future looks brighter than ever before!
The Rise of Online Casinos in the Philippines
The Philippine online gambling market is experiencing phenomenal growth. Online casinos are on the rise, and players are flocking to these sites in droves. This is because of a law that was passed this year, which legalizes and regulates online gambling in the Philippines. The law opens the doors to many different types of gambling – not just casino games, but also sports betting, poker, and more.
Online gamblers have been attracted to these new services in droves. As soon as they were introduced, they quickly became popular among Filipino players. There’s a lot of potential in this market; it’s possible to see a huge increase in revenue share over the next few years.
More importantly, though, people all over the world will be able to enjoy these services from anywhere thanks to internet access. This means that people who live outside of the Philippines can gamble from their homes and offices as long as there’s an internet connection!
The Philippines is now the second-largest gambling market in Asia, with estimated revenue of USD 1.4 billion. With this law, the online gambling industry is expected to grow even more, which means there will be more opportunities for you as well!
As of this moment, there are only 11 licensed operators and 45 unlicensed operators that are now operating in the country. With such low numbers and a huge opportunity for growth, this is an excellent time for you to join the online casino industry in the Philippines.