Vicious competition in the gaming industry in the Philippines is terrible

Before the new crown pneumonia epidemic, the Philippines was one of the fastest-growing gaming markets. Just in 2019, the local gaming revenue increased by 15.4% to nearly US$4.28 billion. However, just before the global pandemic of the new crown pneumonia, the life of the gaming industry in the Philippines was not what it used to be. Many gaming operators complained of increased competition and reduced profits. At present, due to the raging new crown pneumonia, the country has been closed down and tourists have been drastically reduced, making the Philippines' gaming prospects unclear.

As early as 2008, the Philippine Waterfront Hotel applied to the Supreme Court, hoping that PAGCOR would issue a license for its proposed development project, but was detained for a long time. However, in November last year, the Philippine Waterfront Hotel stated that they had won the Supreme Court lawsuit. However, due to the impact of the epidemic, the revenue of the gaming industry is not expected to return to the previous level in the second half of 2022 at the earliest, making people very worried about the prospects of the gaming market. CLICK FOR 【Best online betting platform in the Philippines】

Best Betting Sites
Bovada
Bovada

50% Welcome Bonus Upto $250

BetOnline
BetOnline

50% Welcome Bonus Upto $1,000

Xbet
Xbet

100% Welcome Bonus Upto $500

BetUS
BetUS

125% Welcome Bonus Upto $3,125

MyBookie
MyBookie

50% Welcome Bonus Upto $1,000

Recent News
An analysis of the mechanism and logic behind bookmaker odds-making
An analysis of the mechanism and logic behind bookmaker odds-making

Bookmakers rely on complex mathematical models and data analysis when setting odds, taking into account multiple factors such as market demand, event information, and betting behavior. This...

Criteria and methods for evaluating the speed and reliability of payments on gaming platforms
Criteria and methods for evaluating the speed and reliability of payments on gaming platforms

Multi-dimensional criteria and methods should be used when assessing the payment speed and reliability of gaming platforms, including indicators such as processing time, payment success rate and user feedback...

A Comparative Study of the Advantages and Disadvantages of Online and Traditional Betting
A Comparative Study of the Advantages and Disadvantages of Online and Traditional Betting

Online gaming and traditional gaming have their own advantages and disadvantages. Online betting offers convenience and variety, attracting a large number of users; however, the lack of face-to-face interaction and regulatory transparency...

A Study of Online Gambling Fraud Risks and Their Prevention Measures
A Study of Online Gambling Fraud Risks and Their Prevention Measures

Online gambling is becoming a popular form of entertainment, however, the potential risks of fraud are becoming increasingly serious. The purpose of this paper is to discuss the types and characteristics of these risks...