Philippines Gaming is Big Business

The island nation of the Philippines is a literal hive of online gambling activity. Such is the widespread interest in online gaming that hundreds of millions of dollars are wagered every year – and that’s a conservative estimate. All online gaming activity in the Philippines is regulated by the Philippine Amusement and Gaming Corporation – otherwise known as PAGCOR.

There are a handful of folks in this nation of sporting pundits, casino high-rollers and gaming aficionados who see PAGCOR as an organization to be removed. Most of the opponents are in theocratic circles.  The church’s bishops for example oppose an organized gambling body.  For administrative purposes the government is taking full charge of the gaming administration through PAGCOR.

Community development initiatives thru PAGCOR

PAGCOR is also able to generate lots of money for the development of the Filipino industry and related sectors. With a large population – a large minority of them indigent – there is a lot of good work that tax revenue from gambling can do for socio-economic upliftment initiatives. Much of the money comes from the following sectors: sports betting, casino gaming revenue and sports betting exchanges.

There are many top-class online casinos operating for the benefit of Filipino clients and customers. These include the following: Lucky Nugget, Gaming Club, River Belle, Party Casino, King Neptunes and Royal Vegas. These are some of the most popular casinos and they offer competitive bonuses and exciting promotional offers.

Sportsbetting is where it’s at

But it’s not the online casinos where all the attention is being focused with Philippines gaming, it’s with sportsbooks. Punters are the bread and butter of the Philippines gaming industry. To this end there are a myriad of bets going on with sportsbooks especially with the FIFA 2010 World Cup. Bwin is the leading sportsbook among fans of this island nation as is Bet365.

Customers from the Philippines signing up for Bet365 are eligible for a $200 matching bonus. In addition there is live in-play betting which brings you the latest odds in real time. But better yet – because they can’t be there at the 2010 FIFA World Cup – they still get to see the action live and in play with live streaming television.