Booming Online Betting in the Philippines
Online gambling is any type of gambling conducted online. This includes casinos, poker and virtual poker. The first online gambling venue open to the public, was ticketing at the Liechtenstein International Poker tournament in 1994. Since then there have been several online gambling sites, which have come into existence.
The online gambling industry has seen an explosive growth over the past decade. There are now more than two hundred licensed online gambling establishments in the US alone, with the number growing rapidly year after year. The Philippines is already a very lucrative industry and has the potential to be a large market for online gambling as well. It’s legal status and regulation is also an attractive factor for many entrepreneurs. The gaming laws in the country make it difficult for minors to get a license, but the potential is there and growing every year.
As laws are changed and more industries start to look toward the internet for resources, online gambling in the Philippines is starting to boom. Already there are more than twenty licensed online betting companies in the Philippines with several more under consideration. These companies are looking at the growth of the Philippine internet gambling industry as a great opportunity to expand into the country and grow their businesses. If things go right, online gambling in the Philippines will become a great success story.