The Philippine gambling market is growing at a fast rate. However, there is a limited number of gaming software distributors in the country. The good news is a gaming software dev announced its entry into the market.
Play’n GO, a gaming software dev from Malta, got the approval from the Philippine Amusement and Gaming Corp. As a result, it can offer its gaming software in the country. In fact, the company is expecting significant revenues from its new venture.
CEO Johan Tornqvist told gambling news reporters that his company has a strong presence in regulated markets. Also, they want to venture into new markets to expand their standing in the industry.
Gaming Software Dev in the Philippines
By getting approval from the PAGCOR, the company gets more opportunities to grow in the region. Also, it fits the company’s strategy in penetrating the ASEAN region. Play’n GO is a top developer of online casino games.
Since 2005, Play’n GO has been making games including Cash Vandal and Raging Rex. At present, it operates in Denmark, Sweden, UK, and Italy. The Philippines will be its entry into the lucrative Asian market. It will bring in customers and improve its brand presence in a new market.
Getting the PAGCOR’s approval is a good indicator for the company. In fact, the regular has been cracking down on unauthorized pay per head sportsbook and online casinos. At present, PAGCOR is battling against unregulated gambling operations throughout the country.
Bookie software and casino operators need to get a license from the regulator. Also, the license is required for offshore operators as well. The Philippines is becoming a top destination for gambling. In fact, it is targeting the Chinese gambling market.
At present, offshore Chinese gambling firms are setting up shop in various parts of Metro Manila. As a result, 30 percent of new offices are Chinese gambling companies.