The Philippines has set impossible restrictions against gambling venues in the Philippines. Despite, the challenges the Philippines eGames Sector is looking robust. According to Dennis Valdes, the PhilWeb Corp CEO, the eGames sector is not based on the number of venues offering the games, but the size of the current facilities. He made this statement during the ASEAN Gaming Summit of 2018.
Dennis Valdes estimates there are 300 eBingo sites and 200 eGames cafes throughout the Philippines. He mentioned that the conditions of the state regulators when it comes to eGame Café operators, is the facility needs to be in districts where the laws allow gambling. This precludes locations such as schools and churches.
To stop the closure of facilities, Valdes believes the operators should increase the seating capacity at other places to keep the ones that are in permitted areas, open.
Businesses in smaller Philippine Islands are helping eGames operators, according to a panel. Hatch Asia’s, Ron Arambula, said one also has to look to the importance of integrated resorts, which are also helping the eGames industry. Operators do not need to go beyond budget just to provide a memorable and comfortable experience for players. Instead, it is about sticking to a budget and offering what is possible, including a high number of games in fewer casinos/eGames locations.
The eGames Industry is Paramount
Chris Tio, VP at DFNN, believes the eGames industry is essential to the Philippines because it provides a different revenue option to help fund the government’s national and social development programs. Data indicates traditional bingo and e-bingo licenses have contributed around $187 million, just in 2017.
State regulators are also getting their share from junket operators, poker, and eGames providers. In fact, about $109 million in 2017 income was made from these three sectors.
Tio did say the Philippine government will earn more from eGames if they stop illegal gambling throughout the country.
The Philippines is strict with their gaming laws. They are one of the countries that have decent regulation in place to say what is and what is not allowed. However, with the few legal operations available, it leaves a giant hole for illegal locations to spring up.
The Philippines have been stricter on these illegal operations in the last few years, and months. If the illegal places top there is bound to be more income in the mainstream, regulated gambling industry for eGames.