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(Dubai Comprehensive News) The United Arab Emirates has established a “commercial gambling” regulator and hired an industry insider from the US gaming industry to lead the agency. The UAE bans gambling, and this move is seen as a possible “green light” to allow the issuance of casino licenses in the future.

The agency, called the General Commercial Gaming Regulatory Authority (GCGRA), will coordinate regulatory activities, manage the issuance of licenses, and promote the economic potential of commercial gaming, according to the official UAE news agency. The statement did not specify whether “gambling” refers to gambling, nor did it mention casinos, but the senior officials hired to manage the agency are veterans of the gaming industry.

Hire a gaming industry veteran to manage the organization

GCGRA president Kevin Mulally, who previously served as director general of the Missouri Gaming Commission, which regulates riverboat casinos in various US states, said he looks forward to establishing a strong regulatory body and framework for the UAE’s lottery and gaming industry.

According to Mulally’s profile on LinkedIn, he has worked for Gaming Laboratories International in the United States for more than 17 years. The company provides testing and evaluation services for physical casinos, lotteries and online gambling.

James Murren, chairman of the GCGRA board of directors, previously served as chairman of the American Gaming Association, which represents the U.S. casino industry. According to his LinkedIn profile, Murren served as chairman and president of MGM Resorts International from 2008 to 2020.

Gambling is banned under Islamic law in the UAE

Gambling is prohibited under Islamic law in the United Arab Emirates, a country where foreigners make up 90 percent of the population.

It is not unfounded that the UAE will allow casinos. In 2022, the US casino operator Wynn Resorts announced that it would invest US$3.9 billion (about S$5.3 billion) to build an integrated resort including gaming facilities in the Emirate of Ras Al Khaimah. They have started preliminary construction on Wynn Al Marjan Island and plan to open it in early 2027. Ras Al Khaimah is one of the seven emirates in the UAE.

For years, UAE authorities have denied they would lift their gambling ban. But facing growing regional competition for talent and tourism, particularly from Saudi Arabia and Qatar, it has taken a series of liberalisation steps, including lifting a ban on unmarried couples living together, easing restrictions on alcohol and offering long-term residency.

Last year, the UAE followed Western countries and set Saturday to Sunday as the weekend. Experts believe that this is to maintain a competitive advantage. The UAE is currently a hub for trade, tourism and finance in the Gulf region.-MK Sports APP

(Bangkok Comprehensive News) Thai Prime Minister Suthep publicly expressed his support for the legalization of casinos, saying that this would create more jobs and better regulate the gambling industry. The bill is likely to be passed during the current government’s term.

He is also the Minister of Finance. He pointed out on social media X on Friday (March 29) that the legalization of casinos will help regulate gambling, which is currently part of the gray economy, and the government will also be able to collect taxes from it.

“We are not promoting gambling, but we are monitoring it and creating jobs with this investment,” he said.

Casinos are currently illegal in Thailand, and the only legal gambling activities are horse racing and betting, which are controlled by the state. However, illegal gambling, football betting, underground casinos and other activities are quite common.

The Bangkok Post reported that the Thai Parliament passed a report drafted by a special committee on Thursday (28th), which mainly explored the economic value and potential problems of legalizing casinos.

The report proposes that integrated entertainment venues with casinos will employ locals once they are opened, and that laws will ensure that local communities are employed. The report also proposes a gaming and gambling tax.

Although it does not specify how many such integrated entertainment venues should be opened, the report recommends that integrated entertainment venues should be opened within 100 kilometers of the airport.

Gambling industry players believe that legalizing casinos will attract more tourists to Thailand and could create strong competition for Macau.-MK Sports

Macau’s gaming revenue jumped 29.7% in May from a year earlier, reaching its highest level since the coronavirus pandemic.

According to Bloomberg and Hong Kong 01, the Macau Gaming Inspection and Coordination Bureau announced on Saturday (June 1) that Macau’s total gaming revenue in May was 20.2 billion patacas (MOP, the same below, 3.4 billion SGD), a year-on-year increase of 29.7%. This is in line with analysts’ estimates of a 30% increase.

The data also showed that Macau’s gaming revenue in the first five months of this year reached 96.059 billion yuan, a year-on-year increase of 47.9%.

During the May Day Golden Week holiday in mainland China, the average daily number of tourists in Macau increased by 23.2% year-on-year, recovering to 76% of 2019. At the same time, the new measures implemented in May facilitate mainland residents to visit Macau for business, exhibitions, medical treatment or performing arts, and also allow them to travel back and forth between Macau and the mainland multiple times through the Hengqin Port in a “group in and out” manner. It is generally believed that this new measure will promote the growth of the number of mainland tourists visiting Macau.

China allows residents of more mainland cities to apply for individual travel permits to Macau, which shows that the Chinese government provides favorable policy support for Macau’s tourism industry, JPMorgan analysts said in a report.

Citigroup analysts said in a report that according to casino operators, wealthier travelers are still willing to demonstrate their willingness and ability to spend in Macau.

Bloomberg’s index of Macau casino operators rose 4.57 percent in May, while the benchmark Hang Seng Index gained 1.78 percent.-MK Sports

(Manila Comprehensive News) The Philippine Immigration Bureau issued an expulsion order on Wednesday, requiring all foreign employees of offshore gaming operators to leave the country within two months.

Philippine Immigration Bureau Director General Tancinco said in a statement on Wednesday (July 24) that foreign employees of offshore gaming operators must leave the Philippines within 59 days. It is expected that about 20,000 people will be affected, most of whom are Chinese. According to Tancinco, foreign employees who overstay will be directly repatriated.

In his State of the Nation Address to Congress on Monday, Philippine President Marcos Jr. said these offshore gaming companies, which are mainly run by Chinese, are suspected of financial fraud, money laundering, human trafficking, torture, kidnapping and murder, so he decided to impose a complete ban and ordered regulators to end the entire industry this year.

.After former Philippine President Rodrigo Duterte came to power in 2016, he relaxed gambling regulations and legalized online gambling, which led to the rapid development of the offshore gambling industry. Since gambling is strictly prohibited in China, gaming operators took advantage of the Philippines’ relaxed gaming laws and targeted Chinese people.

In just a few years, the industry has created countless jobs and billions of dollars in revenue. At its peak, there were about 300 offshore gaming operators in the Philippines, but the coronavirus pandemic and stricter tax rules have forced many of them to relocate or go underground.

Data from the Philippine gaming regulator showed that there are currently 42 offshore gaming operators in the Philippines, directly and indirectly employing about 40,000 Filipinos and nearly 23,000 foreigners as of the end of last year.

In May this year, Alice Guo, a 38-year-old Chinese mayor of Tarlac Province in central Luzon, was summoned by the Senate for questioning on suspicion of money laundering through online gaming companies, and her 90 bank accounts involved in illegal activities were frozen. However, Alice Guo was absent from the hearing and her whereabouts are still unknown.-MK Sports

(AFP Manila) Philippine law enforcement agencies launched a surprise operation against online gaming companies earlier this year, revealing that the online gambling centers were actually online fraud parks, suspected of transnational human trafficking and other illegal activities. It also implicated local dignitaries who were suspected of being foreign spies and may have changed their appearance through an underground hospital specializing in plastic surgery for criminals and are at large.The Philippine government has ordered a total ban on online gambling, and will cancel the licenses of offshore gaming operators, and require related foreign employees to leave the country within two months. It is reported that most of them are Chinese. China welcomes this and emphasizes that the Chinese government also severely cracks down on Chinese citizens going abroad to engage in gambling, including online gambling such as offshore gaming.In response to inquiries on Thursday (July 25), a spokesperson for the Chinese Embassy in the Philippines said that the Philippines’ decision is in the common interests of the two peoples, and China is willing to continue to strengthen law enforcement cooperation with the Philippines to better protect the safety and well-being of the two peoples.

In March this year, Alice Guo, 38, a Chinese-American mayor of Bamban City, Tarlac Province, Central Luzon, Philippines, was investigated for fraudulent activities related to offshore gaming companies. After in-depth investigations by the police, more and more shady dealings were uncovered, including that Guo was accused of being a Chinese spy disguised as a Filipino, and that several offshore gaming companies run by Chinese were suspected of financial fraud, money laundering, human trafficking, torture, kidnapping and murder.

The incident shocked the Philippines and triggered calls for the government to ban online gambling. President Marcos Jr. announced a complete ban on offshore gaming in his State of the Nation address to Congress on Monday (22nd).

The Philippine Senate ordered the arrest of Guo Huaping in absentia in the middle of this month, but her whereabouts are currently unknown. Authorities have frozen the assets of Guo Huaping and other people associated with the fraud center, including 90 bank accounts, real estate, luxury vehicles and a helicopter.

In response to inquiries on Thursday (July 25), a spokesperson for the Chinese Embassy in the Philippines said that the Philippines’ decision is in the common interests of the two peoples, and China is willing to continue to strengthen law enforcement cooperation with the Philippines to better protect the safety and well-being of the two peoples.

The Philippine government has ordered a total ban on online gambling, and will cancel the licenses of offshore gaming operators, and require related foreign employees to leave the country within two months. It is reported that most of them are Chinese. China welcomes this and emphasizes that the Chinese government also severely cracks down on Chinese citizens going abroad to engage in gambling, including online gambling such as offshore gaming.

In May this year, the Philippine police raided an underground hospital in Pasay City, a southern suburb of Manila, and found equipment used for cosmetic surgery. Investigations showed that the hospital’s customers included people working in illegal online casinos.

The case of Guo Huaping was the fuse that exposed all this. The case was caused by a Vietnamese victim who escaped from a scam center disguised as an offshore gaming company in Ban Ban City in March this year and reported to the police, which revealed that Guo Huaping was the registered owner of Baoufu Industrial Park, where these companies were located. In addition to office buildings, this large industrial park also has luxury villas and a large swimming pool.

(AFP Manila) Philippine law enforcement agencies launched a surprise operation against online gaming companies earlier this year, revealing that the online gambling centers were actually online fraud parks, suspected of transnational human trafficking and other illegal activities. It also implicated local dignitaries who were suspected of being foreign spies and may have changed their appearance through an underground hospital specializing in plastic surgery for criminals and are at large.

He added that since last year, authorities have shut down five such scam centers and repatriated or charged thousands of foreigners involved in the scam. “If we don’t bring these people to court and bring them to justice, we can’t eradicate this problem.”

A Malaysian man who was rescued said he was forced to use Chinese matchmaking websites to contact parents looking for partners for their daughters and try to persuade them to invest in a fake Chinese oil company in Dubai. He had to meet a monthly target of earning 300,000 yuan (about 56,000 Singapore dollars) or he would be beaten. He said he was beaten once and feared for his life.Philippine police found handcuffs in a room at a fraud center in Manila on July 18. (AFP)

Casio was worried that Guo Huaping might have escaped by having plastic surgery at an underground hospital owned by the fraud gang.

In recent years, rampant online fraud and trafficking activities in Southeast Asia have attracted the attention of the international community. Offshore gaming companies in the Philippines are not only suspected of fraud, but also involved in espionage activities related to national security, indicating that there may be an intricate criminal network behind this series of illegal activities.

He said he received no salary, only a 10% commission, and was required to work at least 12 hours a day, seven days a week.A fraud center park disguised as an offshore gaming company in Banban City, Tarlac Province, Central Luzon, Philippines. (AFP)

Senator Jose Antonio Hontiveros, who led the Senate’s investigation into Guo Huaping, said at the hearing that Guo Huaping was just the tip of the iceberg in this dark world. “The hearing is revealing a deep network that involves international criminal gangs, local and national politicians, and possibly even foreign bad elements.”

The investigation also found that Guo Huaping’s background was confusing and he might be a Chinese spy who pretended to be a Filipino citizen to run for election and become mayor.-MK Sports

The famous Mirage Hotel Casino in Las Vegas officially closed recently after 34 years of operation. As one of the landmark buildings in Las Vegas, the closure of Mirage marks the end of an era and has also attracted widespread attention and nostalgia.

The Mirage Hotel Casino has been one of the most popular entertainment venues in Las Vegas since its opening in 1989. With its spectacular volcanic eruption show, luxurious casino and high-quality service, Mirage has attracted countless tourists and gambling enthusiasts, becoming a highlight of Las Vegas.

However, as time went by and the market environment changed, Mirage faced increasingly fierce competition and operational challenges. Despite multiple adjustments and improvements made by the management, it was still unable to save the gradually declining performance. Finally, Mirage decided to end its 34-year glorious history and officially closed.

On the day of the closure, the Mirage Hotel Casino held a brief and grand closing ceremony, and many employees and customers came to say goodbye. People took photos in front of the hotel to record this historic moment. Some long-term customers and employees expressed their reluctance and nostalgia for the closure of Mirage, and they all said that this place carries too many good memories.

The closure of Mirage has also sparked widespread discussion in the industry. Many people believe that the closure of Mirage is not only the curtain call of a hotel casino, but also a microcosm of the changes in the Las Vegas entertainment industry. In the fierce market competition, how to maintain innovation and attractiveness has become a challenge that every entertainment venue must face.

Although the Mirage is closed, its impact and contribution to Las Vegas will always be remembered. As the first themed hotel-casino in Las Vegas, the Mirage pioneered a new entertainment model and set the example for many subsequent hotel-casinos.

In the future, Las Vegas’ entertainment industry will continue to grow and change. New entertainment venues will continue to emerge, providing visitors with more choices and experiences. Although the Mirage has closed, its spirit and influence will continue to inspire and guide future innovation and development.

With the closure of Mirage, Las Vegas has entered a new stage of development. No matter how the future changes, the memories and influence left by Mirage will always exist. Let us look forward to Las Vegas creating more glory and miracles in the future.-MK Sports

Patrons fill the sportsbook lounge at the Tropicana Casino in Atlantic City, New Jersey, on March 8, 2019. Sportsbooks say they expect strong betting interest in the 2024 Summer Olympics, helped by the star-studded lineups of the U.S. men’s and women’s basketball teams.

A gambler places a bet on a sporting event at the Tropicana Casino in Atlantic City, New Jersey, March 8, 2019. Sportsbooks say they expect the 2024 Summer Olympics to draw a large number of bettors, thanks in large part to the star-studded roster of the U.S. men’s and women’s basketball teams.

An employee counts money from a sportsbook at the Tropicana Casino in Atlantic City, New Jersey, March 8, 2019. Sportsbooks say they expect the 2024 Summer Olympics to draw a large number of bettors, thanks to the star-studded lineups of the U.S. men’s and women’s basketball teams.

A gambler places a bet on a sporting event at the Tropicana Casino in Atlantic City, New Jersey, March 8, 2019. Sportsbooks say they expect the 2024 Summer Olympics to draw a large number of bettors, thanks in large part to the star-studded roster of the U.S. men’s and women’s basketball teams.

ATLANTIC CITY, N.J. (AP) — Sportsbooks say they expect this year’s Olympics to draw a large number of betting enthusiasts, driven largely by U.S. basketball and soccer teams.

But it’s this very dominance that makes it difficult to bet on these teams, as you’d be risking far more than you’d likely win on your bet.

“We expect these Olympics to be the most heavily wagered on in the history of legal sports betting,” said John Ewing, spokesman for BetMGM Sportsbook, the official odds provider for the Associated Press.

There are several reasons why betting on the Olympics is expected to surge this year.

First, there are now more states in the U.S. offering legal sports betting than ever before, with 38 states plus Washington, D.C. Three years ago, when the Tokyo Olympics were postponed due to the coronavirus pandemic, only 22 states offered legal betting.

Joe Maloney, spokesman for the American Gaming Association, noted that three years ago, 97 million Americans, or about 40% of the adult population, could legally bet on the Olympics in their home states. Now that number has reached 164 million, or 67% of the adult population.

He said 16 states have added legal sports betting since the Tokyo Olympics ended: Arizona, Connecticut, Florida, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Nebraska, Ohio, South Dakota, Vermont, Washington, Wisconsin and West Virginia.

Geography should also help this year. Paris is six hours ahead of New York, making it easier for U.S. customers to follow, watch and bet on events than in 2021, when Tokyo was 13 hours ahead of New York and many events were held in the middle of the night or early morning for U.S. customers.

Finally, the United States is expected to dominate this Olympics, both in terms of total medals and gold medals. The U.S. men’s and women’s basketball teams are once again the favorites to win gold, and the U.S. women’s soccer team also enters as a favorite to win gold.

The men’s basketball team features many of the world’s top stars, including LeBron James, Jayson Tatum, Kevin Durant, Joel Embiid and Stephen Curry. On Thursday, their odds were listed at -650, meaning a person would have to bet $650 of their own money to win $100 on the men’s basketball team to take home the gold medal.

The women’s team is even more of a favorite. The team, which includes Brittney Griner, Sabrina Ionescu, Brianna Stewart, A’ja Wilson and Diana Taurasi, has odds of -1400, meaning you’ll have to put up $1,400 of your own money to win the $100 gold medal on the women’s team.

Of course, you could use the point spread for a single game to seek a more reasonable betting return, but even then you’d be paying a high price for the expected dominance of the United States. The men’s team is favored by 12.5 points in their first game against Serbia, meaning the United States must win by at least 13 points for your bet to win. The women’s team is favored by 20.5 points in their first game against Japan.

Tim Whitehead, director of sports betting at BetRivers, noted that the U.S. men’s team was the favorite in the pre-Olympic warm-up tournament and won by one point.

“While the U.S. men’s team is the favorite to win, we expect the tournament to be competitive,” he said. “If they beat South Sudan by 43.5 points, the match could be closer than the bookmakers predict.”

As of Thursday, the U.S. has a total of 40.5 gold medals. China is second at 34.5.

The United States is the favorite to win the most medals at -2500. The closest competitors in this market are China (odds of +1000), the United Kingdom (odds of +5000) and Japan (odds of +6600).

Chris Pearce, oddsmaker at Caesars Sportsbook, said the company expects betting totals in 2020 to be eight to 10 times what they were last year.

“We expect that interest in the game from US sportsbooks will undoubtedly be focused on the basketball court, with some of the biggest names in the NBA set to compete,” he said. “It would be shocking if either (US men’s or women’s) team lost, and our customers certainly think so, with 95% of bets placed so far on the US team.”

He said athletics and swimming have traditionally performed well in attracting bets and expected the amount or total bets on those sports to be “significantly higher than previous Olympics”.

But you can also bet on lesser-known sports like rock climbing (formally known as speed climbing) and bet on whether Indonesia’s Desak Made Rita Kusuma Dewi will win the gold medal at odds of +1600.

This time even breakdancing has become an Olympic event.

Kevin Hennessy, a spokesman for Fanatics Sportsbook, said the company’s most popular betting market is who will win the 100-meter race. He added that some states prohibit betting on Olympic events that rely on judges’ scores, such as gymnastics.

Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Patrons fill the sportsbook lounge at the Tropicana Casino in Atlantic City, New Jersey, on March 8, 2019. Sportsbooks say they expect strong betting interest in the 2024 Summer Olympics, helped by the star-studded lineups of the U.S. men’s and women’s basketball teams.

A gambler places a bet on a sporting event at the Tropicana Casino in Atlantic City, New Jersey, March 8, 2019. Sportsbooks say they expect the 2024 Summer Olympics to draw a large number of bettors, thanks in large part to the star-studded roster of the U.S. men’s and women’s basketball teams.

An employee counts money from a sportsbook at the Tropicana Casino in Atlantic City, New Jersey, March 8, 2019. Sportsbooks say they expect the 2024 Summer Olympics to draw a large number of bettors, thanks to the star-studded lineups of the U.S. men’s and women’s basketball teams.

A gambler places a bet on a sporting event at the Tropicana Casino in Atlantic City, New Jersey, March 8, 2019. Sportsbooks say they expect the 2024 Summer Olympics to draw a large number of bettors, thanks in large part to the star-studded roster of the U.S. men’s and women’s basketball teams.-MK Sports APP

The Isle of Man Gambling Supervision Commission has suspended the licenses of two gaming operators following several arrests following a police investigation.

The Isle of Man’s Gambling Supervision Commission (GSC) has announced the cancellation of the licenses of two casinos following a major police investigation and several arrests.

The Malaysian Gaming Commission announced in two statements released on Wednesday that the gaming licenses of King Gaming Limited and Dalmine Limited will both be revoked.

These warrants are related to fraud and anti-money laundering legislation

The arrests follow a large-scale investigation by Isle of Man Police which has resulted in a number of arrest warrants being executed in the country’s capital, Douglas. Police have confirmed that the arrests are related to anti-fraud and anti-money laundering legislation led by the Isle of Man Police.

Police raid headquarters

On April 24, 2024, police raided buildings on Victoria Road and Bacchus Road, both of which were believed to be linked to King Gaming, arresting seven people in total. All were bailed and King Gaming’s licence was revoked.

At the time, a police spokesperson said: “A number of individuals found at the Victoria Road property are undergoing further immigration interviews with the IOM Immigration Service and these inquiries remain ongoing.”

“This activity is part of a wider fraud and money laundering investigation targeting King Gaming Ltd IOM by the IOM Police Proactive International Money Laundering and Investigation Team.”

The harsh penalties now put the future of both operators in doubt.

However, the regulator has now gone a step further and decided to cancel its licences, with Dalmine Limited also appearing to be involved. The severe penalties have put the future of both operators in doubt.

“The Commission considers that it is in the public interest to issue this statement to inform stakeholders that, pursuant to section 13 of the OGRA, the Commission has cancelled the licence of King Gaming Limited on 24 July 2024,” the GSC said in a statement posted on its website. “This decision is effective immediately.”

The new headquarters will be abandoned

King Gaming has been licensed to operate in the Isle of Man since June 13, 2017. The timing could not be worse for the company as King Gaming is currently constructing a new headquarters on the Isle of Man. The new headquarters cost £70 million ($90 million) and is described as the largest investment ever made in the Isle of Man.

With no licence and uncertainty surrounding the operator’s future, the plans have now been put on hold indefinitely. Gary Proctor, managing director of Excel Group, the company contracted to build the headquarters, told Manx Radio they had no plans to return to the site or continue any further work, which has been underway for two and a half years.

The regulator further noted that they will continue to work with authorities to resolve issues with both operators, stating: “Notwithstanding the above decision, the Commission will continue to liaise with partner agencies in relation to King’s affairs.”-MK Sports

A recent study published in the Journal of Economic Criminology explores the barriers to estimating the size of the illegal gambling market. Authored by researchers Julien Chopin, Lucas Tosi Rodriguez and Stefano Caneppele from the University of Lausanne, Simon Fraser University and Université Laval, the study, titled Defining and estimating illegal gambling markets: A scoping review, covers 31 selected studies published between 2000 and 2023. The World Lottery Association funded the study.

The main obstacles cited by the researchers include economic and financial consequences, regulatory challenges, consumer protection, fraud and organized crime.While the review examines and distinguishes between bottom-up and top-down estimation techniques, revealing their strengths and weaknesses, it also suggests the need for an integrated approach.

The scoping review identified several key pillars for combating the illegal gambling market, including international cooperation, advanced technological innovation, and strict regulatory policies. As the authors explain, “Our exploration of the literature highlights the complexity of defining and assessing this illegal market, underscoring the complex interactions between evolving technologies, regulatory frameworks, and enforcement measures.”

Obtaining reliable data is one of the main difficulties, as illegal markets continue to operate outside the scope of data collection systems and cover a wide range of products such as casino games and sports betting. The advent of technology, especially the unprecedented accessibility provided by online and mobile gambling platforms, has further contributed to the proliferation of illegal gambling.

Unlike legal gambling operators, illegal businesses are not subject to consumer protection regulations, which exposes consumers to threats such as non-payment of winnings and a lack of dispute resolution mechanisms.

Furthermore, the lack of age verification allows minors to freely access illegal gambling platforms, increasing their risk of developing gambling problems as adults. Vulnerable groups, such as self-excluded individuals, also face threats posed by the illegal market.

The damage caused by illegal gambling goes far beyond financial losses. “Illegal gambling can serve as a conduit for money laundering, allowing criminals to convert illicit funds into seemingly legitimate gains or losses,” as several papers included in the scoping review point out.

Analysis conclusion

The study calls for regulations to effectively reduce the risks associated with the global illegal gambling market. The industry should use advanced technology to monitor, identify and prosecute illegal behavior. International cooperation between gambling and financial regulators, high-tech companies and international law enforcement organizations is essential to strengthen law enforcement capabilities.

On the other hand, researchers are encouraged to adopt new data collection techniques, including “leveraging big data analytics, artificial intelligence, and machine learning algorithms.” Ultimately, as the scoping review demonstrates, in order to overcome the challenges posed by illegal gambling, policymakers, stakeholders, researchers, and regulators must come together.-MK Sports

The reason why the Philippines vigorously develops the gaming industry is that, first of all, the Asian gaming market is large, and online gaming is basically blank; secondly, the gaming industry is a highly profitable industry with extremely high tax payments; then, whether it is a physical casino or an online casino , it can provide a large number of job opportunities for the Philippines and reduce unemployment pressure; finally, the gaming industry can also drive the development of the Philippines’ tourism industry and other industries. To open a gaming company in the Philippines , you only need to apply for a business license according to the process. Although gaming companies are subject to government supervision, the scope of supervision is limited to the company’s operations (mainly taxation, etc.). Whether the gaming company is black money or running away is not within the scope of supervision of the Philippine government. In addition, physical casinos in the Philippines are open to everyone, but online gaming is not open to Philippine IPs (in order to prevent the outflow of funds from the Philippines).

Regarding the Chinese gambling websites in the Philippines , the actual situation is that the online gambling market in the Philippines is basically the Chinese market. It is estimated that more than 95% of the turnover comes from Chinese people. Basically, all online gambling companies established in the Philippines target China. Generally, well-known Philippine online entertainment cities have legal gambling business licenses, but there are also a large number of entertainment cities that do not have gambling business licenses. Online gambling companies with gambling business licenses are legal.

However, the efficiency of business in the Philippines is relatively low, and there are also regulations on not working on Saturdays, Sundays, and public holidays. Therefore, in general, companies need to go through a relatively simple but time-consuming procedure to apply for a formal license. It also takes a long time to apply for a work visa for employees. It is reported that the time it takes to apply for a 9G work visa is as short as 3 months and as long as half a year. In addition, the company’s license needs to be renewed every year. If the license expires or the renewal license is delayed, the company will be at risk. The Philippines regularly conducts spot checks on buildings. If the Philippine government comes to inspect during this period and the company’s employees do not have a work visa, it will be troublesome. However, after all the procedures are completed, there will generally be no problems.

Therefore, after comprehensive analysis, it is impossible for the Philippines to ban the gambling industry in a short period of time. It is just becoming more and more standardized. It is important to maintain sufficient local tax revenue under the current Philippines’ Build, Build, Build policy. Such a big piece of fat is not decided by China, but by the Philippines in accordance with its own national conditions. Instead of blindly compromising with China, the Philippines is much smarter than Cambodia in this regard. Therefore, the Philippine gambling industry will continue to develop.-MK Sports