Navigating the Evolving Philippine iGaming Market

A Summary of Current Online Casinos Regulations

For online gambling operators, the Philippine iGaming industry offers a vibrant and thrilling iGaming business opportunity. The industry has been greatly impacted by recent regulatory changes, especially the lowering of iGaming tax rates, which has improved growth prospects and drawn in new competitors.

To promote a more sustainable and competitive iGaming industry, the Philippine Amusement and Gaming Corporation (PAGCOR) has put in place several significant online gambling regulatory measures. Notably, iGaming casino operators now face a far lower operating burden because of the iGaming tax rates being lowered to 30%. 

This is intended to streamline the iGaming jobs market and attract more foreign investors, along with the implementation of new licensing procedures and revised regulations for iGaming platforms. Stricter compliance procedures, such as improved Know Your Customer (KYC) and Anti-Money Laundering (AML) processes, are also now prioritized in the regulatory framework.

How Does it Impact Operators & Live Dealers?

Operators such as online sports betting and online gambling are more profitable because of this large tax rate drop. A more competitive and interesting player experience can be achieved by reinvesting these savings into important areas like marketing, iGaming games development, and social media platform improvements.

Even if there might be some initial challenges, the new license framework’s goal is to make online casinos more open and controlled. Operators may create a solid foundation for sustained success and gain the trust of both players and regulators by following the new rules and regulations.

iGaming Trends & Opportunities for Operators in the Philippine Market

How Live22 Can Support Operators in the Philippines?

One of the main reasons foreign iGaming companies choose to start or grow their operations in the Philippines is the lower tax rates. Operators have a rare chance to set themselves apart from the competition thanks to the rising demand for customized content. Online casino games that represent their cultural identity and tastes are becoming more and more popular among Filipino gamers.

Live22 is the leading slot provider to help online gambling operators navigate this changing environment. A wide variety of games with regional themes that appeal to Filipino gamers are available on Live22’s platform. With Live22’s extensive game solutions and adaptable APIs, they can easily integrate with current operator systems. 

Additionally, Live22 is dedicated to maintaining the greatest security and compliance standards, making sure that operators can function within the legal framework while preserving a safe and responsible online gambling environment.

Conclusion

The Philippines’ iGaming sector is now more competitive and appealing because of recent regulatory changes. Operators may successfully manage this changing environment by embracing these changes and utilizing the experience of partners like Live22. Operators can take advantage of the expanding potential in the Philippine iGaming sector because of Live22’s dedication to offering native content, smooth integration, and strong compliance solutions.

Explore the potential of the Philippine iGaming market with Live22. Contact Live22 today to learn more about customizable services and compliant gaming solutions to achieve success in this exciting market.