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An investor in one of the four operational integrated casino resorts in the Philippines has voiced concerns about the proliferation of localized online gambling sites in the past year, suggesting that the government should investigate these sites more thoroughly.
Money is going to illegal sites instead of legal gambling apps.
Sharing what I know about the bookie industry.
Well this is the case in almost every gambling market. Regulation means limits on gambling, and sometimes offshore providers are the only ones who can deliver what bettors need. Maybe they should look into that.
Of course, I'm not even talking about the very expensive licensing fees for operators- mostly large companies can afford them, but independent operators have a hard time competing.
Aside from running my own online sportsbook, I do enjoy traveling since my bookie pay per head solutions is helping me get my work done easily.
I tried reading up on sports betting and online gambling there and apparently there's mixed information on the matter. I mean the law is pretty specific but implementation seemed to get all irregular a few years ago. I hope they can recover from that because they can potentially lose a strong market for gaming, even from the tourist sector.
There's a grey gambling market in the Philippines where offshore gaming sites can accept players from the country. Of course, the regulator PAGCOR wants players to use legal sites so that licensed operators can earn more money. In return, the regulator can collect more taxes from them.
On the other hand, some offshore sportsbooks offer better odds and betting options. Thus, they attract more players.
Sharing what I know about the bookie industry.
Its always the case of offshore companies having better products. If regulation is done right though, they could bridge this gap. But if other older markets fail at this, then what more the philippine market?
I appreciate all of the help I can get as I work my way to run a long-term and successful business. From the day that I learned how to open a sportsbook to now, there is definitely a lot I now know from experience. It does not mean I will stop learning, though.
That's the problem with the Philippines. Regulators are inconsistent with their rules and too much red-tape.
Sharing what I know about the bookie industry.
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