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Gambling, whether online or in its traditional form, has been one of the most popular sources of entertainment for centuries. With the current emergence of digital revolution, the online gambling industry has established itself as a multi-billion-dollar industry worldwide. With stunning graphics, blockchain and other tech-based advanced features and functions, and robust security, online gambling boasts a global audience today. Philippines, being a popular tourist spot especially attracts the attention of online gambling businesses, and there are ample reasons behind it. Here in this article, we’ll discuss why establishing a casino can be a great idea for a business.
Current Gambling Scenario In The Philippines
Gambling is part and parcel of the Philippines culture and it has been prevalent in the country since the 16th century.
The Philippines has set itself on the world map as a popular tourist destination and a huge part of its GDP depends on
tourism. Casinos and gambling resorts are an intricate part of its overall appeal, just as tropical beach tourist
destinations. Along with a regulated and supervised legal gambling market, the Philippines houses an equally large and
popular unregulated gambling market, both online and offline.
This is why starting a casino business in the Philippines can be a great idea for a gambling business. An ever-growing tourism industry that supports and enjoys gambling, a supportive government framework, a booming online casino industry, and most importantly, heavy demand, are some of the reasons why launching an online casino in the Philippines can help you achieve maximum ROI. Keep reading to know more.
This is why starting a casino business in the Philippines can be a great idea for a gambling business. An ever-growing tourism industry that supports and enjoys gambling, a supportive government framework, a booming online casino industry, and most importantly, heavy demand, are some of the reasons why launching an online casino in the Philippines can help you achieve maximum ROI. Keep reading to know more.
Starting a casino business in Philippines: Legal Scenario
In the Philippines, the government-run enterprise called the Philippines Amusement and Gaming Corporation (PAGCOR),
which is the authoritative body for gambling. It runs various state-owned casinos and also oversees private ones. Since
2016, PAGCOR has also become the legal authority to grant licenses and regulate the growing online casinos in the
country.
The online casino industry has become particularly popular in recent years due to the emergence of mobile-based gambling. Land-based casinos are also aplenty throughout the country, especially in the Metro Manila region. Here, casinos are mostly part of tourist resorts that offer various other types of luxurious activities along with gambling. Although there are certain concerns about the unregulated and illegal gambling market, the government is doing effective work to curb these activities.
The future of gambling in the Philippines looks bright and promising due to several positive factors. With growing tourism and an increasing number of international visitors highly interested in gambling, the Philippines can be described as a casino hotspot. Further, mobile-based gambling is more rampant than ever and will continue to grow in the coming years, thanks to advanced technologies like blockchain, AR, VR, NFT, and more.
The online casino industry has become particularly popular in recent years due to the emergence of mobile-based gambling. Land-based casinos are also aplenty throughout the country, especially in the Metro Manila region. Here, casinos are mostly part of tourist resorts that offer various other types of luxurious activities along with gambling. Although there are certain concerns about the unregulated and illegal gambling market, the government is doing effective work to curb these activities.
The future of gambling in the Philippines looks bright and promising due to several positive factors. With growing tourism and an increasing number of international visitors highly interested in gambling, the Philippines can be described as a casino hotspot. Further, mobile-based gambling is more rampant than ever and will continue to grow in the coming years, thanks to advanced technologies like blockchain, AR, VR, NFT, and more.
How to Open An Online Casino In Philippines?
Opening an online casino in Philippines is a lucrative idea. With a step-by-step plan as described below, you can launch your own online casino business in no time!
Study the market
Start by conducting thorough market research. This will offer you amazing market insights, using which you’ll be able to create better business strategies to reach out to your potential customers. A few things to tap into at this stage are-
- Your Target audiences
- Popular games or game themes
- Platforms or channels used for accessing online casinos
- Preferred payment methods, etc.
It’s also important to study the preference of your target audiences by demographics, current trends in the international and domestic market, the latest technological advancements in the sector, etc.
Create a business plan
When you have enough market data to develop effective business strategies, it’s time to develop the actual business plan. This business plan will include all details such as who your ideal target customers are, your budget, your online casino platform development plan, how to partner with game providers, licensing plan, budget, and more.
Develop casino platform
Next up, you need to hire an online casino platform provider who can build an ideal casino platform for you. While choosing the casino platform provider, make sure that it fits all your requirements. Also, it’s important to check other factors also such as their record, their portfolio, their client list, their years of experience, their in-house teams, etc.
Choosing the Solution Type
The next dilemma several operators face is that of the solution type. The type of solution depends completely on your requirements. If you want to build a solution that specifically meets your needs, you can opt for a bespoke online casino platform. But if you want to deploy your solution quickly, you can choose from a turnkey casino platform or white label online casino software.
Integrate games
Apart from brainstorming on the solution type, it’s also important to give a lot of thought to the game types and games. If your online casino software provider is also an online casino game provider, you can ask your provider to provide you with popular and trendy games or you can get the games integrated from the renowned game providers. Alternatively, you can hire game developers and develop your own unique games to be used on your platform.
Add payment gateways
Now that your online casino platform is ready and games are also integrated, it’s time to prepare it for business! At this point, you’ll need to integrate several different types of payment gateways into it, including popular ones like PayPal, Neteller, Skrill, etc. You can consider integrating crypto payment methods as well. Having different types of payment gateways will help you get more players from around the globe to onboard and will allow them to make safer transactions on your platform.
Acquire proper licenses
Acquiring proper licenses based on the country or territory of your business is a non-negotiable part of starting a casino business in Philippines or anywhere else in the world. Without complete legal compliance and proper business permissions, you’ll not be allowed to legally operate. Hence, it becomes extremely important to ensure you get all your licenses in place.
Promote your online casino
Ready for business? Don’t forget to run several marketing campaigns to promote your casino business and reach out to as many potential customers as possible. Marketing is an intricate part of any business and without proper planning for marketing, a business will fail to reach out and make an impact.
Launch your business
When all these steps are successfully completed, your online casino business is ready for launch. Don’t forget to hire a group of competent customer service executives to form a Customer Support team that can provide constant support to your customers and offer quick resolutions for their queries, allowing you to build trust.
Post-Launch Services
In order to keep your online casino in proper shape, you should also make a solid plan for post-launch maintenance services. Usually, your casino platform provider will also provide add-on services like regular updates, maintenance, tech support, feature enhancements, etc. Regular maintenance will keep the downtime low and offer players a seamless experience.
Want To Know More About How To Start A Casino Business In Philippines?
How to Choose The Best Casino Software Type For Your Business?
Based on the way an online casino software is built, there are three types of casino platform software that you can choose from. Find the details below.
Custom Casino Platform Development
A custom casino platform development involves full-cycle software development from scratch. Here in this development model, you can modify and choose every single aspect of your software. From design and themes to every single feature, everything is customizable. As a result, with this type of development, you can develop a casino platform that is completely unique and one-of-a-kind.
The biggest advantage of a custom casino platform development is that you can integrate all your ideas into it and you get an online casino software solution that is tailored to your individual needs. Hence, it offers complete and seamless functionality.
White-Label Casino Platform Development
In case of white-label platform development, the customization options are limited. It is a ready-to-launch casino software solution where most of the functions and features are pre-built. You can modify a number of aspects such as include your branding aesthetics, color schemes, sound effects, etc., along with a number of 3rd party integrations.
One of the advantages of white-label casino platform development is that it’s comparatively more affordable than custom development. The freedom to include branding specifications and choose API integrations is another advantage.
Turnkey Casino Platform Development
Turnkey casino platforms are another example of ready-to-launch platforms. In case of turnkey development, almost all of the aspects of it are pre-developed, leaving you with limited scope for customization.
Being ready to launch, its primary advantage is instant access. Plus, it is an affordable solution.
How To Choose An Online Casino Platform Development Company?
Choosing an online casino software provider depends on your business goals and criteria. Different developers have different offerings and different USPs. Hence, before selecting an online casino platform provider, making sure that their offerings align with your requirements will be useful.
Apart from that, a good casino platform provider should have a number of qualities that distinguish them from others. Here’s a list of such essential qualities to look for in a casino platform provider.
Apart from that, a good casino platform provider should have a number of qualities that distinguish them from others. Here’s a list of such essential qualities to look for in a casino platform provider.
Work Experience
Choose an online casino platform provider organization that comes with a lot of experience and also boasts a team of in-house developers. An experienced team of developers will complete the project in less time, and will deliver you a bug-less solution. Also, don’t forget to check out their portfolio of previous work to get an idea about their performance.
Trustworthiness
How to decide whether the provider you’re choosing is dependable and trustworthy? Well, it’s not as difficult as you think. Rather, checking out a few things like whether the business is properly registered, having proper licensing, etc. will ensure the trustworthiness factor.
Features and functions
Next, you need to check out the features and functions the online casino software solution comes with and ensure whether they align with your requirements. If there’s a gap between what you require and what your provider is offering, inquire if they can tailor features or integrate APIs for you.
Add-on services
Also, check what kinds of add-on services your casino platform provider offers. Ideally, choose one that also offers marketing services, post-maintenance, and regular updates services. That way, you’ll be able to avail all kinds of required services from a single entity.
Affordability
Of course, budget is another important matter when choosing a casino platform provider. Apart from inquiring about the development cost, also make sure whether there are any hidden charges or not. Find out the charges for add-on services like post-launch maintenance, and inquire whether they demand a GGR percentage. Choosing a provider with low GGR will work in your favor by boosting your revenue.
Ratings & Reviews
Also, don’t forget to check the ratings and reviews left by previous customers. This will give you a vivid idea about the quality of their services. If need be, ask for references and directly inquire from their previous clients.
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How Can GammaStack Help In Starting A Casino Business In Philippines?
GammaStack is one of the best casino platform providers worldwide, with 13+ years of market presence and a solid portfolio of past works. Offering superior services at a competitive rate, GammaStack provides full-cyle development services for you. With comprehensive custom and ready-made solutions, GammaStack offers tailored services suitable to your requirements. With seamless API integrations and cutting-edge functions and features, GammaStack develops online casino platform solutions that will help you onboard a huge number of players globally. So, what are you waiting for? Get in touch with GammaStack today!
Frequently Asked Questions About How To Start A Casino Business In the Philippines
Card games, slot games, and table games are highly popular in the Philippines.
Online casinos are extremely popular in the Philippines, especially mobile-based gambling. Online mobile casinos rule over the gambling market and generate the most amount of revenue from both tourists and the local population.
The casino industry is huge in the Philippines, thanks to its amazing reputation as a tropical beach paradise for tourists. Gambling is a billion-dollar industry in this country.
GammaStack offers all types casino software solutions that include custom casino platform development, white-label casino platform development, and turnkey casino platform development.
Yes. GammaStack also offers online casino game development services, game clone development services, ready-to-launch gaming solutions, and more.
GammaStack offers comprehensive post-launch maintenance and update services as an add-on service.
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