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Author Topic: Why the Reluctance?  (Read 432 times)
qwertyup23
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April 25, 2024, 08:38:00 PM
 #61

In the Philippines, the Philippine Amusement and Gaming Corporation (PAGCOR) estimates that the gambling industry will generate $5.9 billion as revenue for the year 2024.

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The Philippine Amusement and Gaming Corporation (PAGCOR) is anticipating gross gaming revenues (GGR) in 2024 to reach PHP336. 38 billion ($5.9 billion). This target represents a significant increase of 17.9 percent, equivalent to PHP51.1

From this fact alone, you can see that the gambling industry has a significant effect in providing revenue for the government. In return, these funds would be use in order to create infrastructures, job opportunities, and other relevant services that will inure to the benefit of the people in the country.

While gambling establishments are heavily regulated, one cannot deny the fact that it is responsible for bringing the highest revenue in the country; that is the reason on why the Philippines is somehow lenient when it comes to gambling laws and its execution/implementation.



1 https://agbrief.com/news/philippines/24/03/2024/pagcor-expecting-2024-ggr-to-grow-18-y-on-y/

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panganib999
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April 25, 2024, 09:05:18 PM
 #62

Sports betting is not illegal in my country. According to some key gambling and betting statistics1,2:
  • There are over 60 million active gamblers.
  • $2 billion is spent on gambling everyday
  • 53% of people in my country bet at least once per day. Our population is around 200 million people.
  • There are 14 million bet stakes and payments that are made over the internet every day
  • and others
We are actually a gambling nation and the market is highly profitable. I wonder why despite these statistics, yet some sport betting and casino sites haven't taken advantage of it. As I conducted my research, I noticed that some casinos don't offer or no longer offers their services to people in my country. There are other countries with similar situation too. And it begs the question: why the reluctance? Such hesitation seems out of place in a country where gambling is legal.


1 https://www.betensured.com/blog/top-10-nigeria-gambling-statistics/
2 https://www.noi-polls.com/post/gambling-and-betting-poll-2019
Perhaps you're seeing this as a business opportunity and not as a problem that perhaps your government is actively working to thwart and solve. Remember that gambling as a business, even if government-sanctioned only benefits one party, and most often than not they would make sure to keep that disparity in the name of profit.

The fact alone that more than half of your country's population's gambling's a little alarming to me. You're literally talking about a good amount of people gambling their whole paychecks away and with little to no gains from it too. Like it would've made sense if the games they play the most are on the side of those that are easier to win but as it stands I'm looking at people that are just too addicted to quit. 
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April 25, 2024, 09:12:53 PM
 #63

I agree with the Op that gambling is highly accepted in the country and in my locality gamblers even publicly saying that without gambling most of them would have join "street works" like, arm robbery, snatching of people belongings and stealing on the streets but because of gambling, those boys are always engaged in the game halls playing games from morning till evening. Normally gambling is not a bad thing but person uses the opportunity to abused it. And that is why some the casino providers restrict those countries are abusing the industry with illegal activities.

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April 25, 2024, 09:18:12 PM
 #64

I heard before that each license has their own rule and this can include country restrictions...

There's something about those licenses, that seems very strange to me. It depends from country to country, but each of us has that experience, we can visit some casinos while others we can't. We can play some providers freely in one casino, but the same providers are forbidden to us in another casino.

I can't say that I noticed that some rules apply the same to everyone, each casino has its license and its own rules. The only way to know what and where is valid is to try the casino and read the ToS (which I don't particularly like)... I rely on the casino itself to notify me if my country is on the banned list.

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