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Tuesday May 31,2016  : ONLINE BETTING COULD BE MACAUS SALVATION
 
Philippines gaming expert suggests the way forward.
 
Macaus falling gambling revenues in recent years have been a major cause for concern regarding the future of the Chinese gambling island, but one gaming expert believes properly regulated and licensed online gambling could assist land casino operators to weather the storm.
 
Chris Tio has wide experience in the field and was at one time development head for DFNN, Inc. - a publicly listed Philippines I.T. company with multiple online gaming licences, and former marketing and VIP services chief at the Philippine gaming regulatory agency PAGCOR.
 
In an interview with Macaus Business Daily newspaper this week Tio said that online gambling is an interesting possibility because it contributes a significant percentage of revenues to regulators, as has been proved in the Philippines where server based games are streamed into physical locations.
 
The Philippines is also home to legal online sports bookmakers, online casinos and bingo, with domestic websites licensed by the government-owned Philippine Amusement and Gaming Corporation (PAGCOR), and Special Economic Zone Cagayan, where licensed online betting operators can target other Asian markets.
 
Tio considers that regulation is essential and it has helped the sector succeed in the Philippines, with the country seeing total gross gaming revenue exceeding US$2.3 billion (MOP18.39 billion) in 2015.
 
The gaming expert said that regulation not only protects consumers and provides tax revenues, but that it encourages investors to support online gambling projects  that are protected against unlicensed competition.
 
He said he believes better investment guidelines and openness to online gaming will contribute to gaming coffers, with great investment opportunities because “sports betting is growing significantly, with a dramatic growth to be made in virtual sports” and with many “e-casino products showing dramatic innovation”.
 
Tio said that the new political leadership in the Philippines appears to be pragmatic and that it is unlikely that the online gambling sector will be adversely impacted. However, he believes that greater transparency can be achieved in the Philippines by separating Pagcors regulator and operator functions, something that would require Congressional authority.

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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