Online casinos in the Philippines have been thriving and advancing successfully over the decades. Online casinos have emerged as the top entertaining domain. Legendary success stories have attracted a large section of consumers all across the globe.
New licensed and regulated casinos make their debut online every year whereas some scammers reinvent their strategy to dupe people of their money and investments.
One must always keep in mind that selecting a licensed and fully regulated casino is the most important decision that they have to make. Casino operators and service providers must possess a government license in order to offer their services. If not, then they are considered to be scammers.
The Government of the Philippines is responsible for providing Philippines online casino licenses to operators so that they can regulate their gambling business.
If you are looking to play at legit online casinos then you should check ecasinos.ph. Such casinos are very safe to bet on. A gambling license provided by the governmental authorities allows casinos to conduct gambling and gaming related business.
The country of the Philippines is seen as a potential place where one can grow the business of gambling and online casinos. The country is divided into two major regions. One of them is governed and controlled by Philippine Amusement and Gaming Corporation (PAGCOR).
The Philippine Amusement and Gaming Corporation (PAGCOR) regulates and controls all land-based casinos and some online casinos in the country. All the gaming and gambling facilities must undergo a thorough examination by PAGCOR to receive a legitimate license.
Furthermore, every business must have adequate findings in order to cover the payouts of every player. Acquiring a gambling license through PAGCOR is extremely difficult as it is very strict and thorough in its investigations.
After the issuance of the license, Philippine Amusement and Gaming Corporation (PAGCOR) maintains through checks and regulates the business operators.
This is to ensure that every activity is in accordance with the laws and regulations established by the Government of the Philippines. Furthermore, a compliance audit is issued on a daily basis so as to make sure that the operator is keeping up his end of the deal.
Laws related to online gambling in the Philippines
Gambling in the Philippines functions a bit differently when it comes to regulating online casinos. Any independent online casino operator that might provide online casino services to the locals is considered to be illegal. However, any offshore provider that conducts business related to online gambling does not fall under the banner of illegal and is fully allowed to offer its services to the residents.
Online gambling is subjected to two entirely different sets of laws and regulations in the Philippines. However, there are no set of laws that ban citizens from getting engaged in online gambling. This implies that Philippines citizens are free to place their bets anywhere on the internet.
Whereas, operators have to play by a different set of rules. Licensed online casino websites are not allowed to offer their services to the local people.
This means that operators can only allow non-residents of the Philippines who are above 21 years of age to gamble with them. While residents of the Philippines below 21 years of age are not accepted by the casino operators as per the laws.
This is where the Philippines Amusement and Gaming Corporation (PAGCOR) plays its part efficiently.
Cagayan Freeport Region
This is the second region, often known as the Cagayan Special Economic Zone and Freeport region. This is the only region that is not under the monopoly of PAGCOR and houses several casinos that are allowed to offer their services only to tourists.
Online gambling license acquired in the Philippines is one of the most unique and highly beneficial licenses if the business is looking forward to expanding into the Asian Gaming Market which is growing exponentially.
The Philippines is widely recognized as the country where online gambling operators prefer the most to set up their businesses. This is due to several collective reasons that include top-class telecommunication facilities, solidified financial services in the industry, an evolved legislative system and concrete political stability.
Local gambling expert Demetris Jast says that The gaming and gambling industry in the Philippines has seen an exponential boom over recent decades and still holds an immense amount of potential. Investing into it can be seen as a very smart and correct choice at this point of time.
