Philippines Allows Land-Based Casinos to Accept Bets Online

TravelMug

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Quote from: Ryker1 on November 13, 2020, 06:57:57 PM

Quote from: Baofeng on November 13, 2020, 06:45:41 PM

^[snip]
So they won't simply make a mistakes that will ruin everything for them, just saying. This is a multi billion industry, if this is just a fly by night then probably, but there are huge and very powerful people investors behind this big casinos in the Philippines.

Well, that is possible thou.
I don't know if there are big investors in the Philippines ^[Filipino] that can afford to operate gambling casino. These casinos are perhaps run by a foreigner since the Philippines was suffering from the recovering of the economy due to the pandemic -- having revenue from the gambling industries was really a good decision at all. It will help to boost the economy, first, the possible opening of the job for Filipino citizen and the tax that would be the gambling casino be paid was a great help.

As far as City of Dreams, SM investment arm - SM Investments Corporation is one of the biggest home grown Filipino investors: SM Group takes over City of Dreams Manila parent company.

Filipino Billionaire Enrique Razon, Razon sells 350 million shares in Solaire operator.

The same with Resorts World, 70 percent of TIHG is owned by Filipino investors led by billionaire property developer Andrew Tan of Alliance Global.

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Quote from: Baofeng on November 13, 2020, 06:45:41 PM

^[snip]
So they won't simply make a mistakes that will ruin everything for them, just saying. This is a multi billion industry, if this is just a fly by night then probably, but there are huge and very powerful people investors behind this big casinos in the Philippines.

Well, that is possible thou.
I don't know if there are big investors in the Philippines ^[Filipino] that can afford to operate gambling casino. These casinos are perhaps run by a foreigner since the Philippines was suffering from the recovering of the economy due to the pandemic -- having revenue from the gambling industries was really a good decision at all. It will help to boost the economy, first, the possible opening of the job for Filipino citizen and the tax that would be the gambling casino be paid was a great help.

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Quote from: chaser15 on November 13, 2020, 05:45:34 PM

Quote from: CarnagexD on November 13, 2020, 04:18:41 PM

They gotta keep tge business open so there's that. Although this may cause some trsut issues between the customers and the management because as far as I have heard, the games will be done thru live shows, and they will be closing out those that need humans to be operated so there's this degree of cheating that the bettors are afraid of. Unless they can reassure people that they are doing clean business, they should be good.

Solaire Casino is highly regulated. Don't compare it to average physical casinos. The biggest gambling casino place in the whole PH country.

I doubt a cheat will happen on live shows.

They will just ruined their big reputation if they will do dirty tactics on their online betting.

I agree, those casinos mentioned are being operated by other casino magnate in China and in the US so there's no question about trust here. For example, there is a City of Dreams in Macau,

So they won't simply make a mistakes that will ruin everything for them, just saying. This is a multi billion industry, if this is just a fly by night then probably, but there are huge and very powerful people investors behind this big casinos in the Philippines.

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Quote from: CarnagexD on November 13, 2020, 04:18:41 PM

They gotta keep tge business open so there's that. Although this may cause some trsut issues between the customers and the management because as far as I have heard, the games will be done thru live shows, and they will be closing out those that need humans to be operated so there's this degree of cheating that the bettors are afraid of. Unless they can reassure people that they are doing clean business, they should be good.

Solaire Casino is highly regulated. Don't compare it to average physical casinos. The biggest gambling casino place in the whole PH country.

I doubt a cheat will happen on live shows.

They will just ruined their big reputation if they will do dirty tactics on their online betting.

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Quote from: Renampun on November 13, 2020, 12:12:28 PM

Quote from: Baofeng on November 06, 2020, 04:10:34 PM

...

I personally recommend refraining from going to traditional casinos for the next few months...
The spread of this virus cannot be controlled. We don't even know how strong your immune system or those around you are. If you really can hold back why you have to take risks because nowadays online casinos also provide a good gambling experience.

Customers of online casinos have surged since the start of lockdown while traditional casinos were losing money on the contrary so accepting bet online is one of their ways to attract customers back and also help the government on fighting this virus.

The Philippines is out of money at the moment so reopening the gambling sector to generate income is a welcome sight especially to the gmblers.

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They gotta keep tge business open so there's that. Although this may cause some trsut issues between the customers and the management because as far as I have heard, the games will be done thru live shows, and they will be closing out those that need humans to be operated so there's this degree of cheating that the bettors are afraid of. Unless they can reassure people that they are doing clean business, they should be good.

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Quote from: Renampun on November 13, 2020, 12:12:28 PM

I personally recommend refraining from going to traditional casinos for the next few months...
The spread of this virus cannot be controlled. We don't even know how strong your immune system or those around you are. If you really can hold back why you have to take risks because nowadays online casinos also provide a good gambling experience.

That is why the government allows the traditional once to enter in online market as everyone doing online now, though there will still be many limitations that the natural casino but it's still Fits to those who are into traditional casino or supports those casino and to keep their businesses, doing online now to avoid the risk of Covid is the new normal in every businesses or industries now, as long as they can adopt and implement there will be no problem.

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Quote from: Baofeng on November 06, 2020, 04:10:34 PM

The Philippine government made some changes in response to the lockdown, as they approved land based casino's to accept online bet. I'm not really sure how this could be implemented though, but this is a good news for Filipino. I myself received a text message from one of them, City of Dreams, that their casino are already open and you can play and bring one companion. But I haven't try it though, I don't want to take risks, but it they allowed to accepts bets online then it will be good.

The government will bend over and do anything if the situation demanded and i think the pandemic was a good thing in disguise as there are many concepts getting changed because the pandemic situation forced to change the conventional system and hopefully these changes will continue for the better. The issue i have is gambling online does not give you the same level of experience but i am forced to play online because of the limited funds i can spent gambling Grin

.

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Quote from: Renampun on November 13, 2020, 12:12:28 PM

I personally recommend refraining from going to traditional casinos for the next few months...
The spread of this virus cannot be controlled. We don't even know how strong your immune system or those around you are. If you really can hold back why you have to take risks because nowadays online casinos also provide a good gambling experience.

Isn't that the subject is supposed to be? Implementing online betting to their users especially for regular ones.

There is no 100% shield against the virus so they came up to the point that online betting should be considered. Currently, PH casinos are now allowed to open with limited capacity so that's a good idea to somehow accommodate more users.

More users = a chance for an increase in the casino's revenue

Mahanton

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Quote from: palle11 on November 13, 2020, 12:45:57 PM

Quote from: Renampun on November 13, 2020, 12:12:28 PM

Quote from: Baofeng on November 06, 2020, 04:10:34 PM

...

I personally recommend refraining from going to traditional casinos for the next few months...
The spread of this virus cannot be controlled. We don't even know how strong your immune system or those around you are. If you really can hold back why you have to take risks because nowadays online casinos also provide a good gambling experience.

You know covid-19 vaccine is out and every country is acquiring it for their people. That means is not a problem again about the social contacts but however, playing casino online is more convenient because you play from home and no stress.

Do you have some links about such news? I havent seen about such news about for the vaccine to be already available in the masses.For sure there are on the works
but still not on the final phase.We are longing for the cure and we want to go back to those normal days so badly.

Businesses now will really make out decisions or ways for them to make some profits and this online accepting bets had already been done for a while now.
It maybe new for some gamblers to see houses do make out such option but theyve been doing this for a while now.

palle11

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Quote from: Renampun on November 13, 2020, 12:12:28 PM

Quote from: Baofeng on November 06, 2020, 04:10:34 PM

...

I personally recommend refraining from going to traditional casinos for the next few months...
The spread of this virus cannot be controlled. We don't even know how strong your immune system or those around you are. If you really can hold back why you have to take risks because nowadays online casinos also provide a good gambling experience.

You know covid-19 vaccine is out and every country is acquiring it for their people. That means is not a problem again about the social contacts but however, playing casino online is more convenient because you play from home and no stress.

Renampun

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Quote from: Baofeng on November 06, 2020, 04:10:34 PM

...

I personally recommend refraining from going to traditional casinos for the next few months...
The spread of this virus cannot be controlled. We don't even know how strong your immune system or those around you are. If you really can hold back why you have to take risks because nowadays online casinos also provide a good gambling experience.

Inkdatar

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This is good news and this is the first time I heard such news that a land base casinos will accept betting online in Philippines. For sure only those rich people will ever try to bet online as many people have lost their jobs and struggling to survive during this pandemic. At least, they are starting to adopt the new normal system which is anyone can bet online.

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Quote from: matchi2011 on November 13, 2020, 10:31:05 AM

Maybe time will come and bitcoin will do this with peer to peer transactions within landbase casinos within Philippine's jusrisdictions.
Crypto lovers will surely love seeing their coins being available.

Once this online betting begins to executes all available channels for digital transactions will be open including cryptos. Only time will
tell if what will be the next fate of gambling industries inside the this country.

Yes, bitcoin will be useful as I had stated in my other reply that whenever a gambler wanted to have a privacy or away from the good for nothing speculator that like to witness every big bets visible by the use of the chips as token in betting. Bitcoin will be an ideal substitue as chips and are online and not physical where you cannot also share those spectators a tip or there are really spectators that are asking a small money after someone win huge and that if bitcoin will be replaced they can no longer identify who were the gamblers winning big profits in gambling.

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Quote from: ?? on ??

This is great, but if its fiat then i wouldn't be able to play, because all my money is inside my crypto online web wallet. I'm just used into playing with crypto because i can direct it to my online income streams, if ever i get profits from playing online gambling. So i dont have to convert my fiat to Bitcoins because the fees are really high that's why, i liked peer to peer transactions.

Maybe time will come and bitcoin will do this with peer to peer transactions within landbase casinos within Philippine's jusrisdictions.
Crypto lovers will surely love seeing their coins being available.

Once this online betting begins to executes all available channels for digital transactions will be open including cryptos. Only time will
tell if what will be the next fate of gambling industries inside the this country.

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Quote from: abhiseshakana on November 13, 2020, 05:12:04 AM

Quote from: ?? on ??

It is good decision that allowing the bets online as well since during Covid with casinos being shut it would have hampered the businesses, but atleast going online would helped both people and casinos too.

The permission to carry out online gambling operations, it will help casinos to be able to get income that had decreased due to the pandemic. And of course, this will also be a good way for the government itself, because the tax obtained can be used as an addition to cover the costs of the corona pandemic shutdown. So it's a win-win solution for both government and casinos.

You have forgot to mentioned about who will benefits also in this,and those are the gamblers that wanted to be safe from the virus as they can continue playing and enjoying while at home and need nothing to be involved in physical affairs for a while.

In this area also that many will realized that it is not only Fiat who can be used to bet but they will also find the Crypto betting site sooner.

And this will lead to gamblers adoption of crypto sooner.

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Quote from: ?? on ??

It is good decision that allowing the bets online as well since during Covid with casinos being shut it would have hampered the businesses, but atleast going online would helped both people and casinos too.

The permission to carry out online gambling operations, it will help casinos to be able to get income that had decreased due to the pandemic. And of course, this will also be a good way for the government itself, because the tax obtained can be used as an addition to cover the costs of the corona pandemic shutdown. So it's a win-win solution for both government and casinos.

qwertyup23

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This is actually great news as this would imply additional taxes of revenue for the government.

My only concern would be the implementation of this online-based system of gambling. Due to its nature, people would most likely attempt to "cheat" the system. Another thing, I also do hope that the customer service would be active and participative. Problems regarding withdrawals and deposits should be addressed clearly and in a systematic manner to avoid confusion.

Though there may be some potential problems, this is a good step for both these businesses and for the revenue since it provides an alternative way of earning taxes.

Quote from: chaser15 on November 11, 2020, 05:36:58 PM

Quote

Alfredo Lim, president of the country’s operator-regulator, PAGCOR, confirmed the move to Bloomberg on Monday by text. But he declined to elaborate on the shape these new online gambling operations might take, or whether Filipinos would be able to play.

Interesting, maybe everything is still on paper and these gambling industries are experimenting or studying the system for online betting. I really have high hopes for this especially that this would cater to almost all Filipinos even outside Manila.

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Quote from: Yaunfitda on November 12, 2020, 11:06:25 AM

Quote from: k@suy on November 12, 2020, 10:17:47 AM

Quote from: Johnyz on November 11, 2020, 08:15:03 AM

Land based casinos must also adopt the new normal and its good that they allow those casinos to operate digitally as well. Anyway, I don’t know why but I didn’t received any update from the City of Dreams, well I’m going to visit some casino this weekend and I’m going to try how they implement the health protocols and hopefully to get some ideas about this online betting.

I think they already did that, they already implementing it, it seems that these casinos can be the answer to some funds we need especially this pandemic and consecutive typhoons we encounter, we all know that they are paying for tax too, so let us think and look to the brighter side, if they allow land based casinos to go online, it is a big step for innovation and improvement of our payment system in here.

Casino's could be just one of the solution, but not the answer per se, if the Philippine economy wanted to have a head start then maybe casino should be one of the factor that can help out and then businesses operating at half will also be good. Just sad to hear that the Philippines was hit by another typhoon, it will be another cost to recover from this calamity. But hearing land based offering it's services again thru online? this is good news!!!

Good news for gamblers and also those casinos do really need to make money not for the sake of taxation purposes but also those casino owners do really need to ran of the business

amidst of the pandemic situation yet they had invested and they would need to cope up with the losses and this is one of the ways on compensating or trying to recover which they would accept out
online bets.

For some people say that this is something new then it isnt really because there are already casinos for a while now that do had this kind of option.

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Quote from: Baofeng on November 06, 2020, 04:10:34 PM

For Filipinos out there:

Quote

The Philippines has allowed land-based casinos to accept bets online, in a move that could help operators mitigate losses from the pandemic. Gaming stocks rose.

The Philippine Amusement and Gaming Corp. has approved the applications of Bloomberry Resorts Corp.’s Solaire Resort and Casino, City of Dreams Manila, and Okada Manila for betting through the Internet, president Alfredo Lim said in mobile-phone messages.

https://ph.news.yahoo.com/philippines-allows-land-based-casinos-to-accept-bets-online-025956597.html

The Philippine government made some changes in response to the lockdown, as they approved land based casino's to accept online bet. I'm not really sure how this could be implemented though, but this is a good news for Filipino. I myself received a text message from one of them, City of Dreams, that their casino are already open and you can play and bring one companion. But I haven't try it though, I don't want to take risks, but it they allowed to accepts bets online then it will be good.

What are your thoughts on this?

I think this has been already happening for a long time and its not just City of Dreams that is doing this. Solaire's Resort and Casino also did this at the start of the lock down so that they could still have customers even though it was slightly prohibited but then they thought that the company still needed its income so that prohibition was lifted. There are also a lot of offshore betting happening currently in the Philippines and that is another news for tax evasions.

Topic: Philippines Allows Land-Based Casinos to Accept Bets Online (Read 766 times)