Topic: Philippine Regulator/Licensor MEI News (Read 905 times)

In the gaming industry of Asia, recent news states that the highest revenue earned in global casino had already shifted from Las Vegas to the parameters of Macau. Still, up-to-date news suggest that though Macau keeps its ground as the leading hub for gambling, newer emerging regions such as Japan, South Korea and Manila, Philippines could pose a threat to Macau's standings. In particular, Philippines is growing as a prospective top gambling destination for the next years due to a steep increase of land-based casinos. According to Bidness etc, by year 2017, analysts can expect a generated revenue in excess of $5 billion for the country's gaming industry.

On the other side of investment in the gaming industry, interactive gaming is now reaching an incredible new heights of popularity. There is an emanating idealism within players about the subtle possibility of lessening foot traffic into these land-based casinos, thus fractionally replacing the novelty. This could be associated with the progression of technology and the positive reviews associated with online such as convenience, diversity, bonuses, and lesser observance of rules such as dress codes.

Presently, in the account of this emerging gaming industry in the Philippines, a new licensing agency known as MEI has been authorized to engage as BPO Master Licensor/Regulator of Interactive games. Celebrated its formal launched last May 2014 together with prominent businessmen across Asia, local officials and gaming operators from China, Japan, Korea, India, Singapore and Malaysia, MEI already provides quality service to over 50 foreign enterprises stationed within the area, and continuously extends its trading arms in the international market.

Based on Pasig City, Philippines, MEI is capable of giving prospective gaming operators a good working environment to begin the online gaming business. The establishment of the MEI is such a good news as it opens more options for gaming operators currently looking for a good partner.

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Reference:
Bidnessetc (n.d.). Global casino industry: Macau growth continues despite risk factors. Retrieved from http://www.bidnessetc.com/business/global-casino-and-gaming-industry-analysis-focus-on-macau/