With the online casino gaming market is on the rise in the Philippines, with thanks to laws and regulations that allow them to do so as well as a rise in technology development, breaking into it can be an exceptionally difficult task.
Breaking into a competitive market is never considered easy no matter what industry a company may be in but for online casino new sites in the Philippines it tough for this reason as well as others.
Gambling regulations and what can be considered a monopoly in the online gaming industry within the Philippines, as well as restrictions that stem from opinionated players, are a few factors that contribute to online casino new sites battling to make their way onto the list of trusted online casinos.
While there are a number of reasons that may pose a problem to those looking to break into the competitive industry that is online casino Philippines online casino gaming, the Philippines actually holds massive potential for more online casino sites to appear.
This is greatly due to the fact that the country currently holds one of the fastest growing internet populations the world has seen as well as the fact that it has had a massive impact on the country’s tax revenue.
With the Philippines’ middle-class population said to be expanding from an impressive growth in GDP numbers, and continuing to do so, as well as a strong domestic demand, political stability, there is no doubt that there is potential for the launch of online casino new sites.
Gambling in the Philippines
One of the main reasons that online casino new sites may battle to make their way into the online gambling industry is due to the fact that the gambling laws and regulations in the Philippines could very well stop them from launching at all.
Gambling in the Philippines is mostly controlled by the Philippines Amusement and Gaming Corporation (PAGCOR) which is not simply the corporation that issues licenses and regulates online casinos but in fact, owns the majority of the casinos found in the Philippines.
In spite of the fact that this does essentially ensure safe and fair play to all players, it does stop online casino new sites that aren’t owned by PAGCOR from ever coming into the mix.
Special Economic Zone
Fortunately, there is some hope for online casino new sites that wish to open their casino in a small region located in the northern part of the Philippines, as it is not controlled by PAGCOR.
This region is known as the Cagayan Special Economic Zone Freeport, or Cagayan Freeport, and will give licenses to online casino new sites according to their own laws and regulations surrounding online casino gaming. The major difference between the 2 regions is that the Cagayan Freeport region will only cater to guests and not necessarily any Filipinos that visit their sites or establishments.
It may not originally jump out as the first restriction or problem that an online casino new site may encounter, but it is certainly one of the most important factors to consider.
Not just in the Philippines, but in terms of all online casinos around the world, players have had a massive impact on the way in which an online casino is received or recommended. There is a lot of resistance when it comes to online casino new sites, and rightfully so with these establishments holding and controlling a player’s money.