- August 23, 2022
Will The iGaming in Cambodia Be Revived?
Where will Cambodia’s gaming industry go?
In recent news from the Southeast, Cambodia is firmly on the hot list. Frequent vicious incidents, coupled with the control of Chinese policies, the divestment of businessmen in Cambodia, the crackdown by the Cambodian government, and some criminals engaging in illegal activities under the banner of gaming have once again compressed the living space of the formal gaming industry. Can Cambodia’s gaming industry make a comeback? Where will it go?
Cambodia bonus period:
说When visiting Cambodia, we have to say Sihanoukville. Through the legalization of the gaming industry and the special economic policy of Sihanoukville, under the double BUFF, the originally quiet seaside resort town has built a large number of casinos and resorts, attracting a large number of people to develop in Cambodia, the reason why Sihanoukville has become Cambodia’s gaming port. There are 91 casinos in Sihanoukville, while there are only more than 160 in Cambodia. It can be said that more than half of the casinos are concentrated in Sihanoukville. Why does everyone choose this place? We can start from its geographical location. First of all, it is only about 5 hours’ drive from Phnom Penh, and only about 10 hours from Ho Chi Minh City in Vietnam. At the same time, Cambodia is also adjacent to Thailand. It can be said that Cambodian iGaming can be fully expanded to Thailand and Vietnam. , this is also one of the advantages of its own geographical location. At the same time, coupled with the previous policy benefits of Cambodia, you can have both location and policy benefits!
Cambodia’s “Gambling Ban” Period
However, with the issuance of Cambodia’s “Gambling Ban” in 2019, the distribution of online gambling licenses has stopped. Although this ban has serious consequences for Cambodia,The gambling industry has brought a big blow, but in the new gambling law, we can also see that Cambodia has not completely banned the gambling industry. It is just planning to increase and manage tax revenue. Everyone can see that the gaming industry has brought abundant income to Sihanoukville and Cambodia. While there is no replacement for this considerable income, it is difficult for their prime minister and his subordinates to make such a one-size-fits-all decision. Agreed. Therefore, the ultimate goal is to standardize, institutionalize, and manage this industry in a regional manner, which can reduce financial dependence on it and the chaos of socialization and security, but at the same time provide a steady stream of tax revenue! Therefore, there are still many people engaged in the gambling industry who are still persisting in Cambodia. At the same time, a large number of online gambling companies moved their entire teams to the Philippines.
Why did Cambodian gambling move to the Philippines?
Due to the necessity of the development of the Philippines, gambling has deep roots in this country. It was not until the former President of the Philippines MARCOS that PAGCOR was opened to professionally manage all gambling in the Philippines and provide online gambling industry business licenses. From here on, operating iGaming in the Philippines has become one of the major industries in the Philippines. The Philippines can become the first choice country for Cambodian gaming companies to relocate to. The Philippines has advantages that are almost the same as those of Cambodian iGaming.
- The Philippines is an island country, and its environment is similar to Sihanoukville.
- The Philippines is very close. The direct flight between Manila in the Philippines and China only takes about 2 and a half hours to reach China.
- It is convenient to get a visa in the Philippines. You can stay up to half a year with a travel visa and an extension.
- The Philippines has also gathered a bunch of gambling companies, with many choices for currency exchange transactions and lifestyle habits.
- In the Philippines, like Cambodia, local labor wages are not high.
- Operational legality, the Philippines, like Cambodia, has legal licenses for iGaming operations (operating users must be in overseas user markets, and operating in the local Philippine market is not allowed)
- There are many package companies to choose from in the Philippines, because it is impossible to start a gaming business without a technical team to develop a gaming platform system, but there are many white label iGaming companies in the Philippines.
- Public security is better than in Cambodia. Whether you are running a business or working, the first thing you should consider is public security. Although the Philippines cannot be said to have the best security, the security in the Philippines is among the top ten countries in East Asia and South Asia.
- The Philippine license threshold is relatively high. Compared with Cambodia, the fees and taxes for iGaming licenses in the Philippines are much higher than in Cambodia. Now the companies developing iGaming in the Philippines are relatively stable, and based on the Philippines, the market is radiated to Vietnam. Malaysia, Thailand, Myanmar, Brunei, Indonesia and other Southeast Asian countries.
In view of the improvement of security problems in Cambodia, the chaos in Dubai, and the war in Ukraine. Regardless of security considerations, gaming network resources, and political stability, the Philippines is now the best choice for gaming platform relocation. TC-GAMING's business has expanded to Cambodia, Thailand, Myanmar, Malaya, India, China and other countries, and it has a somewhat multi-lingual white label iGaming. TC-GAMING has 15 years of rich experience in the industry and a highly skilled team. Meet the various needs required by the white label iGaming. Provide users with white label iGaming services. You can complete the website launch in 10 minutes and seamlessly connect your business!
Summary
There are many white label iGaming companies, and there are hundreds of them in the Philippines. It can be said that a hundred flowers are blooming, but the fees and services of each company are different from the ease of use, scalability, and stability of the white label iGaming. This is also one of the key points that most people relocating from Cambodia to the Philippines need to consider. TC-GAMING has a complete range of gambling package systems on the market such as sports package, lottery package, real person package, chess package, hash package, e-sports package, etc. TC-GAMING has multiple options from travel manufacturers, or the back-end interface functions are updated from time to time to add different member activity functions for operational needs. Optimize the game API interface and UI interface to increase user experience while strengthening network security protection. We have a 7x24 efficient customer service team. When any situation occurs, we can quickly respond and solve your needs. TC-GAMING will be your strongest and most solid partner in the Philippine iGaming business!
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