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Prestige Casino is one of the most-respected online casinos as it offers premium-quality gaming experience to its players, ranking high when it comes to popularity, reliability and generosity. This is hardly surprising considering the fact the brand is owned and managed by the established William Hill Group (International) Limited. List of online casino in the philippines As a leading mobile payment solution in the market, GCash is fully licensed and regulated. This is regulated and approved by the Bangko Sentral ng Pilipinas or BSP, the central banking institution in the Philippines. Residents of the Philippines can enjoy legal online casinos if they are licensed and regulated by a legitimate offshore jurisdiction. Licensed offshore online casinos can provide Filipinos with numerous legal gaming options not otherwise permitted to them domestically such as poker, sports betting, bingo, keno, scratch cards, slots, and much more.
Op-ed by Bob Shead
In this second part of a two-part article on the Philippine Gaming Industry, I will focus on the country’s online gaming industry. Together with the casino sector, which was the focus of the first part of this article, the online gaming industry is of enormous importance to the country’s economy. In this article, I will also identify possible investment opportunities in this rather complicated and sensitive industry.
Background
The Philippines is an interesting and relatively new market for online gambling. There are two distinct regions in the country, for gambling purposes. The Philippine Amusement and Gaming Corporation (PAGCOR) control the majority of the Philippines where gambling is controlled by the Government owned PAGCOR. As previously mentioned in the casinos sector, PAGCOR operates their land-based casinos, and betting outlets across the country.
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The second region is the Cagayan Economic Zone Authority (CEZA) and Freeport which most people just call “Cagayan Freeport.” This is based mainly at the Manila Entertainment Complex, mentioned earlier and located next to Manila Bay. This is the only area in the Philippines not under complete control of PAGCOR. In the Freeport area, there are numerous independent casinos that focus mainly on foreign tourists.
Cagayan Freeport also acts as an online gambling licensing jurisdiction, and is the only such jurisdiction in Asia. A Filipino gambling license is difficult to obtain, and does not allow operators to accept wagers from Philippine citizens. However a license from CSEZ there allows access to the greater Asian market, a rapidly expanding market, with a focus on China.
PAGCOR have said that they are currently reviewing the applications for Philippine Offshore Gaming Operator (POGO) of 44 companies that have applied for new licenses in the Philippines. This is in addition to the 45 applications already approved by PAGCOR.
In March PAGCOR announced that the issuance of additional POGO licenses, if approved, will encourage PAGCOR to reach its Peso 60 billion (US$1.17 billion) – Peso 65 billion (US$1.27 billion) revenue target for 2017. PAGCOR has also acknowledged that before fully opening the market for online gaming, the PAGCOR audit system that helps track and monitor the operations of gaming operators needs to be rapidly and extensively updated with the procurement and installation of the correct audit equipment and technology. PAGCOR has acknowledged that there is some confusion with its audit facilities, mainly between the differences in operations between CEZA and PAGCOR as to who handles the monitoring. This is currently being resolved, according to PAGCOR.
It has been reported previously that PAGCOR have already collected over Peso 1 billion (US$19.63 million) from its licensing and processing fees, as revenue from 35 offshore gaming licenses issued in 2016. These charges for each license application amount to US$50,000 for application and processing of e-casino operators, and US$40,000 for separate sports betting, charged by PAGCOR. When a license is approved, an additional fee of US$200,000 for e-casino and US$150,000 for sports betting is charged. It is estimated that by 2018 revenues will increase to Peso 3 billion (US$58.9 million) with the issuance of the additional licenses.
According to gaming analysts, there is an optimism in the growth of the Philippine gaming sector in the future, on the back of its improving domestic economy, which contributes to the growth of the Gross Gaming Revenues (GGR) of the sector. The Philippines is a primary market for on line gaming due to the increasing inflow of investment and gaming funds into the economy. Observers have also said that the growth in inbound Chinese funds is rapidly increasing, though the online gaming industry, and that it will lead to the increase of the volume of the GGR. PAGCOR’s financial data states that revenues increased by 18% from the third quarter of 2015 figure of Peso 98.6 billion (US$1.93 billion) to the third quarter of 2016 when revenues were Peso 118 billion (US$2.31 billion).
Legal Aspects of the Philippines Online Gaming Industry
The laws for online gaming in the Philippines do need to be examined. In both gaming regions of the Philippines (PAGCOR and CEZA), it is illegal for an independent gaming operator to offer online betting to Philippine nationals. However, offshore gaming providers, with no connection to the Philippines may offer online gaming services to Philippine nationals.
Briefly, there are two different sets of legislation operating in the Philippines. Philippine Nationals are not subject to any laws that ban online gambling. However, there has been much Congressional and Senatorial debate on the legality of placing bets through the internet. A Philippine Supreme Court ruling in 2012 found that there was no part of Philippine law that made it an offense to place gaming bets. Therefore Philippine nationals can theoretically use the online gaming facilities.
However, online gaming operators must comply by different legislation. All online gaming sites with a license to operate in the Philippines cannot offer its services to Philippine nationals. PAGCOR issues the licenses and monitors all existing licensees for compliance. Any registered company can obtain a license, providing it pays the due fees mentioned above. License holders can therefore offer their services to anyone outside the Philippines. The advantage to the Philippines, is the close proximity of the rest of Asia and its improving level of development, that make it an attractive base of operations for potential investors with an interest in accessing the Asian online gaming market.
All gaming systems must be examined and approved by PAGCOR, and the gaming company must hold an adequate amount of funds in cash, to cover all player balances. The PAGCOR Licensing Commission has a strong reputation for strictness in enforcing these regulations.
The gaming industry introduced by the Philippine Government does have currently conflicting legislation, and obviously professional legal advice is essential to enter a very promising investment sector. However, maneuvering around the legal challenges is proving to be complicated for both investors and Philippine Government regulators. The terms online gaming or offshore gaming are interchangeable, and refer to internet based gaming activity, that involves clients who register and establish accounts with the gaming operator.
Under PAGCOR regulations, only foreign nationals based in a different country, and over 21 years of age are permitted to take part in online gaming, that is based in the Philippines. PAGCOR also states that Philippine Nationals here or abroad, or foreign nationals legally based in the Philippines are legally not permitted to access Philippine based online gaming operators. Gaming operators may be either Philippine based companies, or foreign companies based outside of the Philippines. It is presumed that the latter means gaming companies who can offer gaming services in the Philippines, or foreign operators who set up part of their operations here. It is acknowledged that this legislation can be considered ambiguous, which currently adds to the confusion, although work is ongoing to resolve this legal confusion.
Real Estate Observations of the Philippine Online Gaming Industry
The online gaming business currently can easily fit into the existing office real estate landscape in the Philippines, since it essentially only requires the same space and infrastructure requirements as the Business Processing Outsourcing (BPO) industry, which attracts investors, who do not have to fund capital for large construction projects. It also gives the Philippines an alternative avenue to employ its growing English speaking BPO workforce in the face of competition from other countries, i.e. India and China, and is a reliable source of tax revenue.
The Philippine real estate community has recognised that the Philippine online gaming industry is now a “new kid on the block” in terms of office occupation, and is expected to challenge the current leading office user, the BPO operations, in the near future. Currently both of these sectors drive the demand for office space nationwide, which in 2017 is anticipated to be between 1.2m sqm and 1.5m sqm. Of this, it is estimated that the online gaming industry could occupy about 400,000 sqm to 500,000 sqm of office space. The rapid increase of office space required by the online gaming industry has increased from zero in recent years to currently nearly 50% of the BPO office sector. The real estate industry in the Philippines now anticipate that by 2018, the on line gaming sector could equal that of the BPO sector in terms of required office space. For example, and in the last six months, this sector occupied 84,000 sqm of the available office space in Metro Manila. The figure will rise following the current license applications under consideration by PAGCOR.
Additionally, it has been accepted by the real estate industry that these gaming companies can sub-franchise to as much as eight other sub-franchisees, and therefore it is estimated that, as a result, each gaming company has the potential to lease between 10,000 and 20,000 sqm of extra office space in the near future.
Additionally, there is a trickle-down effect. The online gaming industry is contributing to the increased rental of up market residential units in key areas of Metro Manila. This is due to the increasing foreign management of the gaming companies, who require extra accommodation. This has led to an increase in the number of restaurants, bars and social meeting places. This is also affecting the regional office space available in regional BPO focused areas such as Cebu, Dumaguette, and other parts of Luzon and the Visayas.
Currently, there are 1.1 million people employed in the BPO outsourcing sector, and this is anticipated to grow to 1.8 million people by 2020. It is also anticipated that 70% of this growth will be in Metro Manila, with the remaining 30% growth in other parts of the Philippines. This amount of growth in office space translates into a requirement of an additional 3 million sqm of office space throughout the Philippines. This is the estimated demand of the BPO sector, and does not include the relatively new gaming industry sector.
According to the real estate industry, the current office space supply is 10.3 million sqm, of which Metro Manila accounts for 8.8 million sqm or 85%, and the existing office space outside of Metro Manila amounts to 1.5 million sqm or 15%. The current estimated plans for increased office space expected to become available by 2023, is a total of 5.4 million sqm, of which 4 million sqm or 74% will be in Metro Manila, and the balance will be in other cities in the Philippines.
The other related aspect is the increasing growth of the younger population (now in their 20s) and English speaking in the Philippines. Gaming companies have taken notice of this, when looking for a location and access to potential employees.
As a result, the increasingly robust online gambling industry, despite the legal issues, are now impacting on the Philippine real estate sector. It has been recently reported that the online gaming sector is now the second largest demand driver for office space in the Philippines, closely following the BPO sector.
Some Problematic Issues with the Philippine Online Gaming Industry
Apart from the confusing and duplicate legislation that is currently under review, and was mentioned earlier, another issue to contend with is that there are a number of different types of business within the online gaming sector that fall under different jurisdictions, depending on what they do. This has led to some differences between PAGCOR and other government agencies, in particular the Philippine Economic Zone Authority (PEZA). Also important is that the Philippines has a demonstrated vulnerability to cybercrime. Online gaming is a tempting target, and the Philippines’ digital security framework is being encouraged to improve IT security and access in both physical and regulatory terms.
It has been acknowledged that PEZA has some objections to the online gaming sector, and has said that it may consider to withdraw the accreditation of any PEZA licensed building that houses an online gaming related businesses. This is due to PEZA’s observation that it may be difficult to enforce the regulations that apply to gaming companies, due to the fact that the industry has many related business interests such as software providers, BPO providers, data and content streaming providers, system support providers, and providers of marketing and customer relations services, all of whom may provide services to clients outside the gaming industry. The concerned government agencies are attempting to fix the problem for monitoring and management of a business sector, for which they have no reliable current data. This reflects the current issues surrounding the PAGCOR audit system mentioned earlier. When PAGCOR has acquired and deployed its updated audit system, then this problem is expected to be resolved.
Pagcor List of Approved Philippine Offshore Gaming Operators (POGO) as of August 16, 2017
- Oriental Game Ltd.
- Far Eastern Capital Ltd.
- Marco Polo Enterprises Ltd.
- Imperial Choice Ltd.
- Libo Consolidated Ltd.
- Fortuneport Enterprises Ltd.
- SC World Development Group Ltd.
- Golden Dragon Empire Ltd.
- VIP Global Solutions Ltd.
- MG Universal Link Ltd.
- AG Interpacific Resources Ltd.
- BBIN International Ltd.
- Eastern Hawaii Leisure Company Ltd.
- PT Transpacific Company Ltd.
- OG Global Access Ltd.
- Dynamic System Ltd.
- Leading Reward Ltd.
- Kingwell International Group Ltd.
- Defun Global Investment Ltd.
- Inner Strong Ltd.
- Four Leaf Technology Inc.
- Smarc Group International Ltd.
- Ximax Holding Ltd.
- Puerto Galera Holdings Ltd.
- New Wave Infotech Ltd.
- Xionwei Technology Co. Ltd. Inc.
- NewLink Pacific Ltd.
- Pride Fortune Ltd.
- OLE Group International Ltd.
- Prestige IOM Ltd.
- Wilshire Worldwide Company Ltd.
- Wanfang Technology Management Ltd.
- Giant Gains Solutions Inc.
- Full Strength Trasing Ltd.
- Swanston Asia Inc.
- Don Tencess Asian Services Solution Inc.
- Vertex Digital Entertainment Technologies Inc.
- Hyper Sports Media Ltd.
- Winherld Entertainment World Ltd.
- Blue Frog Contents & Support Inc.
- Jolie Investments Ltd.
- Sohu Expert Int’l Management Solutions Inc.
- Micro Info Systems Ltd.
- King Rich International Group Ltd.
- Most Success International Group Ltd.
Conclusion
In brief and in conclusion, the online gaming industry in the Philippines is the ‘new kid on the block’ at the risk of repeating myself! However, the speed and investment is remarkable. The Philippines remains an ideal venue for this hugely profit making sector, and its location in both ASEAN and Asia, is very important when the gaming population in this region is immense. The real estate forecasts are important and very valid, as to their estimates of the potential expansion of this highly profitable sector. There are of course, and as I have mentioned many issues to contend with, as is always the case with a new industry that arises. However, many existing investors have accepted this and the existing industry appears to be content and awaiting the improvements and clarifications.
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Dezan Shira & Associates Brochure
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing legal, tax and operational advisory to international corporate investors. Operational throughout China, ASEAN and India, our mission is to guide foreign companies through Asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining and growing their business operations in the region. This brochure provides an overview of the services and expertise Dezan Shira & Associates can provide.
An Introduction to Doing Business in ASEAN 2017
An Introduction to Doing Business in ASEAN 2017 introduces the fundamentals of investing in the 10-nation ASEAN bloc, concentrating on economics, trade, corporate establishment, and taxation. We also include the latest development news for each country, with the intent to provide an executive assessment of the varying component parts of ASEAN, assessing each member state and providing the most up-to-date economic and demographic data on each.
In this issue of ASEAN Briefing magazine, we provide an introduction to the Philippines as well as analyze the various market entry options available for investors interested in expanding to the island nation. We also discuss the step-by-step process for setting up a business entity in the Philippines, highlighting the various statutory requirements for overseas investors. Finally, we explore the potential for Singapore to serve as a viable base to administer investors’ Philippine operations.
Philippines Online Casino
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Online gambling is becoming the preferred format of casino entertainment for Filipino gamblers. Philippines mobile casinos were the logical next step in this virtual gambling evolution. There are a number of legally sanctioned mobile casinos that accept players from the Philippines.
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These mobile casino apps are web-based and optimized for mobile use through the utilization of responsive technology. This technology automatically assesses the dimensions and specifications of your smartphone or tablet and instantly accommodates it with precision.
Because these casino applications are web-based, there is nothing that you have to download onto your device, though you usually have the option to place a bookmark for the casino on your home screen for easy access.
For those of you who are thinking a smartphone is too small to enjoy real money casino games, we can assure that is not the case. I too was concerned about the quality of the gaming on a mobile phone. I use an iPhone and the screens are not as large as many other phones.
I have absolutely no problems navigating the casino or playing the games. The well-designed interface of these casinos fosters a streamlined, user-friendly experience that is nearly identical to what you’d experience at Philippines online casinos on your PC or laptop.
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BetOnline is our pick for the best mobile casino available to Philippine residents. They have a huge number of games that can be wagered on and users can also take advantage of their free play mode. BetOnline has a trusted reputation and a valid gaming license to further ensure that their games are fair and balanced.
BetOnline has several bonus offers and promotions that they extend to their account holders. The site is easy to use and there is no additional download needed when playing on a mobile device. When it comes to mobile betting, you should first check out BetOnline.
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Are Mobile Casinos Legal In The Philippines?
Yes. Filipino gambling laws allow residents to gamble online as long as it is through legally sanctioned offshore operators. These offshore casinos must be legally licensed and regulated by a respected government. All of our recommended online mobile casino brands meet these qualifications.
Mobile Casino Game Selection
Filipino players can access their favorite casino game options, including:
Each game type features variations to accommodate all players. Best of all, these games have been outfitted to both render and function successfully on your device thanks to responsive design technology. Players can access free play options on most games, which allows you to familiarize yourself with games before betting any real money.
You can also test out different game strategies without running the risk of losing money. Below you will find a few examples of the types of games you can play on your smartphone or tablet device. These games are powered by Betsoft, one of the premier online gambling software companies in the industry.
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Roulette
Blackjack
As you can see, the game formats are pretty straightforward and allow for easy gameplay for even the most novice of online gamblers. The high-quality graphic and audio components are a testament to Betsoft and show why they are one of the most trusted game development brands in the industry. You will find their products in both online and mobile casinos. Responsive design technology helps to keep the look and feel of each game consistent across different screen size dimensions.
You may have noticed that there are prize variations offered in the slot games. For example, players can unlock bonus rounds where payout and prize levels are higher. You can also unlock free spins, where you can play a few bonus rounds without risking any of your own money.
Prize levels are often increased in bonus rounds. An interesting component of these slot games is that they offer a narrative-based play style. Spinning a slot over and over again can become repetitive, so these types of games create a unique online gambling experience that brings players back for more.
Mobile Casino Bonuses
Bonuses are what make the offshore casino gambling experience what it is. They are rewards given to players in the form of free money, free spins, etc. and are awarded regularly. Bonuses are designed to incentivize players to keep using online casinos. The most common types of mobile bonuses are the match deposit bonuses and no-deposit bonuses.
A match bonus is when a player’s deposit is matched by a percentage up to a certain amount. For example, you may see something like, “100% of your deposit matched up to $1,000.” These are often the introductory or welcome bonuses offered when you first register for an account. A no-deposit bonus is awarded without players having to fund their accounts.
These are usually smaller bonuses and often come with stricter terms and conditions regarding payout requirements, but they are a starting point for new players. Be sure to review the wagering requirements and policies for claiming bonuses at the mobile casino at which you are playing. Some award the bonuses instantly when you make a deposit, others require a promo code.
Mobile Casino FAQs
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Can I Play Live Dealer Games At A Mobile Casino?
Our research indicates that Philippines live dealer games are not available through the mobile platforms. Live dealer games are an interesting component of offshore casinos, but the technology has yet to extend to the mobile versions. Developers are attempting to bring live dealer games to the mobile casinos, but it will take time to map out the logistics.
Aren’t Mobile Phones Too Small To Really Enjoy Playing Casino Games On Them?
Not at all. As you can see from the videos above, the games are formatted to not only fit the display but give the player an experience comparable to playing online with a PC or laptop. Modern smartphones offer large screen size dimensions, so the mobile gaming experience is not low quality in terms of screen size.
Is It Safe To Play Online Casino Games On My Mobile Phone Or Tablet?
Yes. Our recommended mobile casinos for Filipino players incorporate data-bit encryption and SSL (Secure Sockets Layer) protection to safeguard your personal and financial information. Not only are their security profiles up to par, but their app development technology remains synchronized with operating system updates issued by Apple, Android, Windows, and BlackBerry.
Will I Be Required To Download Anything Onto My Phone To Play Mobile Casino Games?
Downloads are sometimes available as an optional feature. Most reputable mobile casinos utilize Flash to run via your device’s web browser. However, a separate app download is sometimes available. This is a matter of player preference. Most of the brands we recommend offer the option of placing a bookmark to their website on your home screen for easy access to the mobile casino application.
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Do I Have To Find Mobile Casinos In The App Store?
No. In fact, it is difficult to find real money gambling apps in most app stores due to federal gambling laws. The mobile casinos recommended in this guide are web-based applications that have been optimized to be accessed through your device’s web browser.
Which Smartphones And Tablets Are Compatible With Legal Mobile Casino Applications?
Legal mobile casino applications are compatible with Apple, Android, Windows and Blackberry devices. The only screen size limitations would arise if you were attempting to access these sites via your smartwatch. All other smartphone and tablet dimensions are compatible. Responsive design technology will work to adjust the format to fit your device, even on older generation phones and tablets.
Can I Use The Philippines Peso To Play Real Money Mobile Casino Games?
Most of the mobile casinos that accept players from the Philippines also process transactions using PHP. If one of the destinations you visit does not, then they will offer you currency conversion services to compensate. Pesos are also used with many of the Philippines online casino deposit methods that are available. Of course, another ways is to convert PHP to Bitcoin and used the cryptocurrency at Philippine Bitcoin casinos or BTC to ETH and using Ether at Philippine online casinos accepting Ethereum.