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Oriental Game anticipates robust growth in the Philippines gambling sector this year

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The Manila-based online-casino ‘Oriental Game’, the fastest-growing live dealer platform and gaming solutions provider is anticipating the Philippines’ offshore gambling sector to register a robust growth this year as the operators persist to expand due to escalating popularity of electronic gaming.

Citing that the industry is just starting to take off, Brian Ang, the Oriental Game President, said: “The government’s P6-billion revenue target for its Philippine Offshore Gaming Operations (POGO) scheme is attainable.”

Ang stated to reporters in a recent interview that: “I’m really confident that this industry is going to take off. For me this is a very good situation, we really want to get support from Pagcor [Philippine Amusement and Gaming Corporation].”

Earlier, Pagcor Chairman, Andrea D. Domingo said: “Government revenue from POGO is expected to nearly double this year from P3.4 billion in 2017 to P6 billion.”

Domingo explained POGO’s revenues would be boosted by Pagcor’s third-party consulting firm that will audit online gambling licensees’ financial activity.

For Oriental Game alone, Ang said the company plans to expand its operations in the Philippines by “gradually” increasing the number of its gaming tables from the current 22 to 31.

Along with more tables, Ang said that Oriental Game will also hire additional employees and even bring in overseas Filipino workers (OFWs) from Dubai, Qatar, China and South Korea.

The Oriental Game executive said: “We’re going to expand our office as we try to make new games, and technology. So we need to hire more people locally or even bring back good people working in Dubai, Qatar, China, Korea.”

Domingo had said that a number of foreign online casinos from Greece, Malta, among others have expressed interest to put up shops in the Philippines.

But despite the huge foreign interest in the country’s online gambling business, the Pagcor chief clarified that the industry remains strictly regulated by the government and cannot be accessed by local residents.

“Only foreigners outside the Philippines can play our licensed e-casinos. We have no plans to open it to local players,” Domingo added. Currently, there are 55 POGO licensed operations in the country. Of which, 45 are online casinos and 10 sports betting operators.”The reason we’re projecting P6 billion is because we have this now the audit provider. They’re now installing the application, which integrates the systems of online casinos and Pagcor. We can now see real-time bets,” Domingo said.

Going forward, Domingo added that Pagcor will cap the number of its online gambling licenses at 50 until it can determine whether there is enough demand to meet the supply.

“We’re very strict to the quality, we won’t allow fly-by-night operators that once they get hit, they don’t pay and transfer, put another name. That happened before — a lot of it. That will not happen this time,” Domingo said.

Sought for comment about Pagcor’s cap on POGO, Ang said he is supporting the government’s decision.


Source: European Gaming Media and Events

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Breaking News: Dutch Senate votes to legalize online gambling

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The Netherlands Senate voted today in favor of the country’s long-awaited online gaming legislation, which was approved by the House of Representatives back in 2014.

The new regulatory regime will allow operators to secure online sports betting and casino gaming licenses to serve Dutch consumers, subject to secondary legislation that is yet to be submitted for European Commission approval.

Today, the Dutch Senate voted in favor of legislation to legalize internet-based gambling, clearing the way for foreign and Dutch firms to apply for licenses.

On Monday, the Financieele Dagblad said some 300 companies have expressed interest in running a gambling website in the Netherlands and about 50 are expected to make a formal application for a license when they are up for grabs next year. Tuesday’s vote comes two years after the lower house voted in favor of allowing third parties to legally offer online gambling.

Holland Casino is the Netherlands’ only state-regulated gambling establishment but foreign firms widely flout the ban and continue to target Dutch punters.

The two Christian parties in the ruling coalition voted against the legislation. They claim allowing more companies to offer online betting will lead to more problems with addiction.

Source: DutchNews.nl


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Breaking News: Dutch Senate votes to legalize online gambling

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BetConstruct attained a partnership with SA Gaming

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BetConstruct announces a new strategic partnership with an online entertainment platform provider in Asia – SA Gaming.

As a result of the agreement, SA Gaming’s various slots and live casino solutions will be integrated into BetConstruct’s platform. Around 30 slots such as The Guard, World Cup Fever, Red Dragon, Saint of Mahjong, Indiana’s Quest, Dragon Tiger, and others currently fulfill their gaming catalog.

“This is an important partnership for us, as a result of which our gaming portfolio will be enhanced with more Asian themed slots and live casino games, ” says BetConstruct regional director Lusine Khudaverdyan.

 

Apart from the slots, SA Gaming has a wide portfolio of live casino games famous in Asia. Following the partnership, we already support such games as Baccarat, Roulette, Sic Bo, Fan Tan and Speed Baccarat from our new Asian 3rd party provider. Together with SA Gaming we believe to provide premium gaming solutions for all our partner operators.

 

About BetConstruct

BetConstruct is an award-winning developer and provider of online and land-based gaming solutions with development, sales, and service centers around the globe.

BetConstruct’s innovative and proven offerings include an extensive range of products and services, including Sportsbook, Sports Data Solutions, Retail Solutions, RNG & Live Dealer Casino, VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more. The latest addition is the industry-first complete management infrastructure, SpringBME (Business Management Environment).

All partners benefit from the BetConstruct Spring platform with its powerful back-office tools and all-inclusive services that empower operators’ growth and help contain their costs. From stand-alone set up to turn-key and white label solutions, BetConstruct offers its partners unfettered opportunity to succeed.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: BetConstruct attained a partnership with SA Gaming

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Bangladesh bans online gambling websites

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Bangladesh Telecommunication Regulatory Commission (BTRC) has asked all the internet gateway providers and Telecom department to run an internet safety solution programme to block online gambling websites. BTRC is believed to have received an instruction to effect the same from the country’s government.

The telecom regulator has sent the order to block the websites so that these websites will not be accessible in Bangladesh again.

“It might take few more hours to block all the sites completely as blocking any site is so technical,” said Md Emdadul Hoque, general secretary of Internet Service Provider Association of Bangladesh (ISPAB).

A top official of the BTRC said they have often found complaints from different sides about online gambling and that needs to block for the sake of safe internet.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Bangladesh bans online gambling websites

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