A Cursory Look at PAGCOR’s Online Gambling Licensing and Regulation

When contemplating to operate an Asia-facing online casino, PAGCOR is the likely authority from which to seek licensing and regulatory oversight. Inasmuch as most Southeast Asian countries do not support gambling as a legal business, the Philippine Amusement and Gaming Corporation took on the responsibility of overseeing online casinos offering their products and services in neighboring Asian countries, in exchange for licensing fees and taxes on gaming revenues.

Mobile gaming apps and other systems of network communication make it possible for online casino operators to offer their gambling products to Asian players.

Nonetheless, a critical criterion that Asian punters look for when choosing an online casino is the trustworthiness of the operator. More often than not, they prefer to play only at licensed online casinos that are tested and certified in terms of fair and equitable gaming systems, especially on games of chance. In indonesia, one of the most popular PAGCOR-licensed online casinos is vslots88.

The Philippine government accepts licensing applications from local and foreign companies seeking to establish an online gambling business, through the Philippine Amusement and Gaming Corporation (PAGCOR) as well as through authorities of the country’s economic zones, namely: the Cagayan Economic Zone (CEZA), the Freeport Area of Bataan (AFAB) and the Aurora Pacific Economic and Freeport (APECO).

Regulations and monitoring of compliance with gaming laws and regulations, are the sole responsibilities of PAGCOR.

Overview of the Licensing and Regulatory Requirements Imposed by PAGCOR

First off, the Philippine government has an ambivalent stance with regard to online gambling operations, because basically, the country also considers online gambling as illegal.

However, inasmuch as foreigh igaming companies have the technical capabilities to offer online gambling through the power of the Internet, PAGCOR conceptualized a system by which the Philippine government can capture a share of the revenues earned from illegal online gambling operations.

Rather than take action by blocking their entry, PAGCOR offered these companies licensing and regulatory oversight as outsourced gambling operators, whilst officially categorizing them as Philippine Outsourced Gambling Operators (POGOs). The classification clearly defines a POGO business as one that can develop and deliver online gambling products in other countries only and not offer them locally in the Philippines.

To date, more than 55 companies have been licensed as POGOs by PAGCOR, from which the country has collected multi billions in revenues, not only in terms of taxes but from other related aspects of online gambling operations as well.

Major PAGCOR Requirements for POGO Licensing

Aside from the  2% taxes on gaming revenues earned as outsourced gambling operators, companies must also pay 5% in franchise tax,

In addition, POGOs applying for a license have to pay US$150,000 as application fee. iI approved, $200,000 will be paid as licensing fees, $300,000 will be collected as security bond fee, and a minimum of $150,000 will have to be paid monthly as Minimum Guarantee Fund.

A licensed POGO must have an established place of operation in the Philippines; to which PAGCOR requires occupancy of a space that has a floor area of at at least 10,000 square meters.

POGOs may employ foreign nationals as part of their work force but are required to submit the foreign employees’ names to the Dept of Labor and Employment (DOLE) as well as register them with the Bureau of Internal Revenue (BIR). Mainly because POGOs are required to report and remit taxes withheld from salaries of foreign employees working in the Philippines.

A POGO must pass testing conducted by Gaming Laboratories International to see if the operator can successfully block Filipino residents from accessing POGO online gambling sites.

Moreover,the online gaming products and services of a POGO must pass testings performed by BMM Testing Laboratory on all games and security processes, in accordance with PAGCOR’s standard requirements on all licence holders of casino gaming operations. .

Any non-compliance with such requirements can serve as ground for PAGCOR’’s non-approval or revocation of a Philippine POGO license.

Starting an Online Gambling Business

How would you start an internet gambling business? Keep on reading to find out.

There has been a rise in the internet gambling business in the previous years with an ever-increasing number of businesses entering the online gambling industry. This means that it’s getting increasingly challenging to remain on top of the game and separate yourself from the rest.

In any case, what should you do to have an advantage over other competitors?

Despite the fact that we may not offer a secret formula for establishing the best betting business in the market such as the xe88 , we can certainly provide all the essential information to start one.

Elements to consider before developing an online-based gaming site:

1. Pick a solid gaming programming provider

This is the most important choice to make since you will enter a protracted organization with your programming provider. Take as much time as needed to assess the current choices that are being offered in the market right now.

You need to pick a product supplier that has sufficient knowledge and experience when it comes to online gaming industry and involvement with successful online gambling companies.

2. What specifically would you like to include on your web-based betting site for your customers?

When you chose to venture into the online-based gaming market, there are a couple of questions you have to answer yourself before you continue:

  • What kind of programming will you use on your internet gambling webpage?
  • Will you simply offer common betting games, similar to slots, roulette, baccarat, blackjack, bingo, or poker?
  • Shouldn’t something be said about a live betting game? Nowadays, competitive sellers provide live video streams, and easy to use interfaces that bring the gambling club to every player’s home

3. Pick several modes of payment

At the point when you start an online gaming business, you have to settle on what type of payments you will offer to the gamblers so you and your players can easily make fast transactions. For convenience purposes, it’s recommended that you give players various payment choices – installments, down payments, etc.

5. Give emphasis on the over-all design of your web

How your website looks like is very crucial. You have to pick a catchy design or offer a simple interface and promos into your home page since it is the first thing your prospective clients will see. It is important to include discounts and flexible payment options since this is what makes you stand out from the rest.

 

The Gambling And Betting Sector Will Continue To Grow In 2020

Revenues from companies operating in the gambling and betting sector will continue to grow in 2020 to the level of 12 billion lei, after advancing by 15% in 2019 compared to the threshold of 9 billion lei registered in 2018.

The growth is all the more spectacular as its speed continues to accelerate. Thus, compared to the previous year, in 2018 the registered revenues increased by over 11.4%, with a percentage point higher than the increase in 2017 and by 0.3 percentage points more than the one registered in 2015. The highest increase in the percentage remains in 2016 when revenues increased by over 17% compared to the previous year. In absolute values, the year 2018 brought revenues by approximately 1 million lei higher compared to 2017, according to Termene.ro.

“As the value of a domain increases, the percentage with which it does so begins to decrease to the point where it stagnates or even becomes negative. The fact that the growth speed of the profile industry remains high is an indication that in Romania the field of gambling and betting has not yet reached its maximum potential “, said Adrian Dragomir, founder of the Termene.ro platform.

More spectacular than the increase in revenue generated by these companies is the advance of the profits they make. If in 2013, the total profits generated at the national level were approximately 166 million lei, in 2018 they increased more than 5 times, exceeding the value of 838 million lei. A direct effect of the growth of the main financial indicators of a company (turnover and profit) is the advance of profitability. Thus, if in 2013, a company in this field earns 3 lei for every 100 lei collected, in 2016 the amount doubled reaching 6 lei (an increase of 3 lei) and in 2018 it increased to 9 lei (another increase of 3 lei).

Although the profits increase spectacularly, over half of their amount (approximately 500 million lei) was generated by companies controlled by investment funds based outside Romania. Thus, although the field generates a high profit, more than half of it is directed outside Romania’s borders.

Unlike previous financial parameters that have improved significantly, the same cannot be said about the speed of debt repayment. This indicator calculates the average number of days a company in this industry pays its debts (regardless of their nature). If in 2017 this indicator decreased, reaching an average time of 78 days, in 2018 it returned to the trend of recent years – the growth reaching a record time of about 97 days.

Sign Of Entrepreneurial Maturation

When a company becomes more profitable it is a sign of entrepreneurial maturation but this is not visible in the case of payment behavior which (at the level of activity) has a constant trend of deterioration. Whether it is financial institutions, suppliers, or customers (winners), they have to wait longer and longer until they collect their receivables, which generates a domino effect at a macro-economic level “, shows the Termene.ro analysis.

The share of companies in the field that present a high risk of entering insolvency is in a constant decrease, but it is still maintained at a high level like the idn poker in Indonesia. If in 2013, 40 companies out of 100 had this risk, the continuous decreasing trend meant that in 2018 there were on average 35 companies out of 100 that had this risk.

The fact that in the context of the constant increase of the speed of payment of debts, the share of companies at risk of entering insolvency is in continuous decrease, brings back again the concept of payment behavior. Thus, without generalizing, there are premises to believe that at least some of the companies in the field have the financial possibility to speed up the payment of debts but for various reasons they do not do this. In this regard, RedBill is the tool that can support companies in assessing this risk and acting accordingly. Through RedBill, the Office of Uncollected Invoices, you can report customers who have not paid their bills on time and who help you recover money for uncollected invoices.

 

Most Played Gambling Games And Activities

The number of individuals registering in online gambling sites like slot online is continuously increasing as many now opt to gamble from home rather than visiting a physical casino. Moreover, many find online gambling sites such as slot online more relaxing than an actual casino since they constantly feel the pressure of playing a bit faster as there are other players who impatiently wait for turn to play. With online gambling, such pressure is zero to less as you could relatively play in peace, at your own pace, and without other players eyeing you to hurry.

Most-played Gambling Games

Many users of online gambling sites like slot online say that online gambling is much more exciting than an actual casino as they offer a gamut of betting games to choose from and offer more and various bonuses, rewards and promotions. Furthermore, pay outs of online gambling sites are typically greater than actual casinos.

So, what exciting gambling games and activities are mostly played today that many online casinos offer?

SPORTS BETTING

Sports betting is a type of gambling activity wherein punters put wagers on the result of a sporting event such as the hockey, basketball, baseball, horse racing, and other major sporting events. The odds of winning at sports betting are unknown but could be estimated. Hence, it is imperative that punters understand how sports betting works and knowledge of the sport (including player/team stats, performance, and everything else) to make a good analysis and estimation to make well-informed wagering decision. The sports betting sector generates 50% of the global gambling revenue as per H2 Gambling Capital.  

CASINO GAMES

The global gambling revenue generated by casino games makes up about 26% as per a study conducted by H2 Gambling Capital. Casinos, both online and offline, offer a variety of games such as the slots, roulette, card tables, dice games, and more wherein most casino games are handled by a dealer. But many play the slot online as it has more exciting variety, are regularly updated, and have more bonuses.

POKER

Poker is said to be one of the oldest card games and probably the most debated on. These days, there are discussions on whether the game is a kind of gambling or sport, as several countries legalize and regulate poker as gambling whereas others as a type of sport. Poker revenue accounts for 6% of the gambling revenue worldwide. Excellent poker skills and strategies are imperative to win and be successful at making a living at of playing poker.

BINGO

Bingo generates 4% of the global gambling revenue. It is a game that is regarded as a type of lottery originating in Europe in the 16th century. Bingo is very much a game of chance as numbers are randomly drawn and players mark-off the corresponding numbers on their bingo cards. The first player who are lucky to mark-off all the randomly drawn numbers form their card is the winner.

 

Betting Pro, Joachim Marnitz Advice For Beginners

Joachim Marnitz is a betting professional and betting strategy expert. He studied sociology for a diploma. The focus was on empirical social research and thus on statistics. And that is exactly the basis for professional sports betting for him. You can’t compare this to the beer bet on the weekend.

The betting pro analyzes numerous data sets, the odds movements for both teams in the past, and the special conditions of the game. For example, whether certain players are blocked or injured. The decisive factor is the ambition to see the matter as a mathematical challenge. It’s like successful poker players. Luck and bad luck only play an important role in the meantime. Ability decides in the long run.

As a professional betting strategist, he spends a lot of time developing models which he works on all year round. He also concerns himself with obtaining data as efficiently as possible and analyzing daily bets and, if necessary, placing them.

Basis of Betting Decisions

Simply put, on a number of variables that are particularly relevant and the betting odds. The art of betting is to put the two in a reasonable relationship. In other words, you need to be able to turn your variables into probabilities and be closer to the truth with this assessment than the market is.

Nobody will reveal all of their secrets, but in football the frequency and quality of goal chances are of importance and their execution. An example of almost meaningless statistics in football is possession of the ball. Interestingly enough, such insignificant statistics can also be valuable when betting: namely, if they are overrated by the public, as this drives prices in a certain direction.

Professional Bettors and Bookmakers

Professionals bet with bookmakers who do not block or limit individual players. These are depressingly few, in football, they are primarily SBO, IBC, Pinnacle, and Singbet. In Indonesia, http://216.83.47.125/ is the by far the largest and the most trusted football gaming site. There are also betting exchanges such as Matchbook or Betdaq, and in Asia, there is also Foobet. For professionals, betting agents like Samvo Betbroker are also essential in order to be able to place really high sums in one go.

Typical Beginner Mistakes

Beginners bet on winners, professionals bet on (too high) prices. Beginners tend to make the mistake of viewing bets as a yes / no matter, rather than seeing betting odds as what they are: probabilities. Betting is about estimating these probabilities more accurately than the market, but few are aware of that. Another typical beginner’s mistake: betting too much of the betting capital per bet. Beginners mostly greatly underestimate the possible random fluctuations. Personally, I would not recommend anyone to bet more than two percent per bet. For this reason, it is ideal to take part in the betting expert betting competition: You risk no money, but you can still win some, and most importantly: You can test your skills under real conditions. Because you always learn the most in practice.

Advice for Beginners

Bring a lot of patience and test every idea in peace on paper or only with very small stakes. If you don’t know a mathematical advantage on your side, you shouldn’t bet. The best recommendation is: delve into betting theory because that’s the key to successful sports betting. Having a clue about the sport in question is far less important than you think.

How To Commence A Gambling Business Online

The growth of the Gambling industry online had been consistent throughout the years. Records show that there is a rise of more operators each year. This implies that there is more challenge in the effort to be on top of the industry.

How to Start an Online Gambling Business?

In order to get started in the gambling business online, there should be a good choice of iGaming software, a gambling license, as well as a trading account, and a server dedicated to the business. But there is more to this in order to make the business a huge success and of course to attract the right players.

1. Select a trusted provider of the iGaming software program. This is the most crucial decision to make because you will be working with your provider for a long time. Therefore it is necessary to check on your options when it comes to the quality of service and the cost it takes. Aim for a provider that generally meets the following requirements – a high-level gaming management system, payment choices that allow various currencies, huge betting markets coverage, use of a range of leading worldwide casino games, an easy to customize front end, gambling permit and support services.

2. Decide on what you want to offer on your gambling site for your visitors. You should decide if you only want to offer casino games, sports betting, or a live casino play. You will want to look at other gambling sites like bocoran hk to get a clear idea of what you want to offer in terms of gambling and entertainment.

3. You will need to obtain a gambling license within the targeted area of jurisdiction. While there are well-known gaming jurisdictions that offer licenses applicable to many countries, ultimately it is a local law that dominates and should be followed. You must, therefore, obtain a gambling license in the region (or country) in which you want to situate your business. It may take half a year to a year to complete the licensing procedure (it depends on the country you are applying at).

4. Work on the design of your website. What your website looks like is very important. That is why you have to choose a very attractive design or invest in your front end development. Don’t forget that your design makes the biggest difference between hundreds of similar websites.

After you have worked on all four steps, you can use a digital marketing specialist to help you get your website out there and to have better views and audience participation. A digital marketer can help boost your business with a reasonable fee.

Pokers Skills To Help You Be A Good Entrepreneur And Leader

play online poker at PokerPelangiSitus Judi Online, a trusted online qq oline gambling agent in Indonesia offers an extensive selection of the most popular online games utilizing dominoes and playing cards. With PokerPelangi, you are sure to safely enjoy a lot of these games as well as to make deposits and claim bonuses securely.

One of the major table games that PokerPelangi offers is Poker. It is a very interesting and engaging game especially when you have mastered the different skills needed to win.

Poker Skills Entrepreneurs and Business Owners Need

Poker isn’t just for entertainment as the skills you learn from it could actually be used to help entrepreneurs manage their business as well as to be a good leader. So what poker skills are we talking about exactly? Below are a few:

poker skills to learnRISK MANAGEMENT

Risk management is a significant aspect that poker and businesses share. In reality, regardless of the business you run, you could win some and lose some. So, poker players have to manage their risks throughout the game by deciding when to fold, call, or raise the bet.

Business owners and entrepreneurs need to have this skill as well. Not every move you make guarantees a win. Hence, effective entrepreneurs and leaders need to become skilled at managing risks accordingly, knowing when to call, fold, raise the gamble, to continue playing or when to stop. Furthermore, as an entrepreneur, you have to be ready to lose some to win more.

STRATEGIC PLANNING

Most types of poker, such as Texas hold ’em, need early planning. If poker players would want to win all the pot, they can’t simply wait and only start to strategize during their turn. Similarly, entrepreneurs need to carry out a great deal of careful planning to ensure the success of the business.   

Entrepreneurs and business owners have to plan strategically and advantageously to place themselves and their business in a position that would best give them an opportunity for success. Without a strategic planning, success will surely you flee from you.

important poker skillsCAPABILITY TO READ OTHERS

Poker players need to learn how to read their opponents to know whether they’re bluffing, have bad or good cards, and other things to figure out how you could turn the game to your favor. Business owners and entrepreneurs need to effectively interact with people to know what your clients/customers need or want as well as to effectively market their business or products.

EFFECTIVELY DEAL WITH PRESSURE

Experienced poker players know how to deal with pressure since pressure is one of the major hurdles to win. If you can’t handle pressure quite well, you are more likely to fold even if you have a good chance of winning.

With the intense competition in the modern business or corporate world today to stay ahead of their competition and meet consumer demands, business owners and entrepreneurs may feel high levels of pressure. If business owners and entrepreneurs can’t handle or manage this pressure, they may fold all too quickly without trying to get things done wasting an opportunity.

Playing Online Casino Games And Treating It As A Business

agen slot onlineThe popularity and prevalence of online games is rising on a daily basis. At this present time, many opt to play agen slot online as it is quite similar to actual slot machines where you play for real money. Difference is, you get to play them any time and any play as long as you have good internet connection and a compatible mobile device.

Agen slot online offers thousands of online slot games of all types with Free Games and/or Free Spins as well as online casino games so you have countless of options to choose from and more chances of winning.

Online casino games are continuously advancing. And with these advancements, you now play your choice of casino games in High Definition graphics and images with excellent sounds and music, smooth and easy navigation offering users better gameplay and enriched gaming and gambling experience.

Treat Playing Online Casino Games As A Business

playing online casino gamesPlaying online casino games isn’t simply for entertainment. It is, to some extent, a business as well since you not only play for money but also make sure your profits continuously grow. As you invest on it, you create a scheme on how to make that investment grow and not flush everything down the drain.

Continuously being profitable is as significant and crucial as hitting that biggest jackpot there is, so treat you online casino gaming as a business.  Below are a few tips to help you remain profitable as you play and work at winning big.

Have a Management Strategy of your Bankroll

So as to continue being profitable, players need to have a bankroll and strategy to manage this. Without such, it will be complicated to quantify your winnings as well as how profitable you really are. It is likewise trickier and challenging for risks to be managed when you don’t have a ready and effective bankroll management strategy.

Pick Your Games Intelligently

Yes, it is imperative to wisely choose the games you play. You have to realize that various casino games have different odds and house advantages with different rules and payout rates. Knowing these details will impact your overall profitability over time.

When you choose to play slots games, go for games that are within your means. By doing so, you could continuously set the highest bet amount and have a shot at winning big. This is similar to progressive slots wherein the only way you could win the biggest jackpot is to bet at maximum.

Master Your Games

Deciding on a casino game means gaining knowledge of the game and becoming skilled at it, this includes studying and practicing all the best and effective strategies. Mastering your online casino game would give a better edge and chances of winning.

Utilize Bonuses and Rewards to Your Advantage

The worst mistake is utilizing bonus bankrolls you gained from various special offers for you to play without heeding the strategies you have created. Gaining free bonus money doesn’t mean you could waste it on bad wagers and wrong games. Make use of these bonuses and rewards to win more and stay profitable.

 

How to Select Online Casinos Properly?

When someone is deciding which online casino to play at, they are not relying on the casino name itself rather, on the software that backs up and powering up its games. People these days are smarter and wiser when it comes to online casino gaming. And as for any newcomer in the industry, it is imperative to always check for trusted and established names. Just as with https://tuanpoker.vip/, you can be certain that the software powering it up is truly reliable.

Trusted Software Names to Look for

When you are in search for awesome games, it is necessary to opt for software name that is popular and has a reputation for being good. This is the reason why interested individuals should base their decision on the software. In fact, there are already a number of respected names in the industry including but not limited to:

  • Microgaming
  • PlayTech and;
  • RTG

These software developer companies have been in the game for a long time in creating sophisticated software programs that eliminates compromise to gaming experience down to zero.

Your Best Decision Ever

As what mentioned earlier, it is better to choose casinos based on the software backing them up rather than their fancy names. Through this, it can ensure that players can get optimal experience while playing in online casinos.

Despite the fact that casinos may be claiming to have the best and biggest player bonuses and payouts, it is necessary to be mindful of the software being used. This can help anyone who wants to play in online casino to expand their knowledge whether to play at a certain casino site or not.

Going with one that has well-known software is key in playing and enjoying casino games in a safe and secure manner. The aforementioned software companies have repeatedly bested others. So as long as the casino site you are playing is supported by these software companies, you are in good hands. These places are using anything but the top security measures. So rest assure that your private as well as sensitive information is held strictly confidential.

Play to be Rewarded

Apart from getting access to some of the top games in an online casino, players who opted to play in a casino backed by reliable software can reap the benefits of outstanding bonus programs. So aside from enjoying the online casino experience, players can be rewarded for the overall experience as well.

The Market Of Sports Betting

By this time, many are aware that one could start a business even without needing to own a physical commercial or office space as well as pay for print advertising, wherein both could be costly.

Businesses that center on providing services are a great match for the online market, even allowing small businesses to flourish with a fairly low initial capital because of technology in this day and age. The question is, which industry or niche must you try to embark on.

For instance, slot Joker123 is the quickest growing platform of online casino games in Asia. Many sign up to this site since it has an exceptional probability wherein most players could get a winning rate that’s decent enough than other games.

The Market of Sports Betting

This is one online business to consider venturing into especially if you are zealous about gambling. Online gambling is one of the swiftest growing markets around the world, and by 2024 is projected to reach about $96.89 billion, meaning the market is expected to get bigger at a CAGR of 10.8%. These figures were established on conditions of the market from 2016, with the supreme court recently deciding on lifting the federal ban on sports betting effectively. In the years to come, these growth predictions will undeniably rise, making this the perfect time to get dive into the action.

Starting A Sports Betting Business

One of the most lucrative business in the industry of gambling that you may want to consider is sports betting. As mentioned, the industry of sports betting is one of the most gainful niches. It is projected that in the following years, no less than 32 states in the US will have passed legislation allowing or legalizing sports betting. As soon as the rest of the states would realize how much profits the industry could generate, they will surely trail along.

However, states may regulate the number of sports gambling businesses to be permitted to operate. This denotes that only businesses or companies with plenty of experience as well as abundant resources to follow the regulations and guidelines of the legislation will be permitted to take part in the market. But this may take effect for around 5 years, which gives you sufficient time to establish yourself if you decide on embarking on the industry.

Do bear in mind that establishing an online business on sports betting on your own could be challenging, taxing, risky as well as particularly costly. But, if you truly want to have a piece of the action, the smartest way is to partner with a pay per head (PPH) company. A PPH company offers sports betting services which includes software, servers, as well as databases, for betting, not to mention betting odds.

Why is it Impossible to Beat the House?

On the subject of gambling, one thing’s for sure and that is, no one should leave it by chance. Because at the end of the day, the House Always Wins! Bear in mind that casino like pkvgames is a form of business and not a charity that gives money away. And similar to all other businesses, its model is prepared in a way that it will generate profit, not lose money.

So much so that there are plenty of benefits instilled in a casino that it increases its edge towards players. Few of the benefits are discussed below:

  • House Edge or a representation of the average gross profit of what the casino is expecting on a certain game.
  • The longer a person plays, the higher the stakes of losing in the casino.
  • There’s varying house edge for every casino game on the floor with Keno being the highest and Blackjack having the lowest probability.

What’s House Edge?

Regardless of the game that you chose to play, the probabilities of the casino site or establishment to win your money is always greater than the odds of players beating the casino. This is mainly because of the reason that casino games are made in a way that it will generate an edge for the casino and thus, slims out the chance of players to win.

To give you an example, in the game of Roulette, biggest payout for a single bet is 36 to 1. On the other hand, roulette wheels besides having 36 numbers have “0” and at times, “00” too. This pushes the actual odds of the game to become 37 or 38 to 1 and not what the casino want you to believe of “36 to 1”.

Extra House Edge

While the “house edge” seems to be over the top, let me tell you that there’s also this “Extra House Edge” that pushes the casino’s boundary. What this means is, the longer a person plays, the higher the odds of play will be equal with house edge. On short-term games, it may be that the player beats the casino but in the long run, the house will recover and beat players.

With this thing in mind, casinos are doing everything they can to keep people playing on their floor. Casinos are notorious for having no windows and clocks. It is not because they can’t afford it but because it’s a strategic move to keep players on their floor and play.

Macau Casinos Lose 88% Due To Coronavirus

The economic consequences of the worldwide spread of the COVID-19 virus are slowly becoming apparent. Many factories in Europe and the United States can no longer meet their production standards because their Chinese suppliers have shut down. Tourism to contaminated areas has been temporarily shut down and entire local economies are shutting down.

The casino industry also suffers from the Corona virus

Macau, the Chinese gambling city with the most money being converted around the world, had to take very stringent measures in February to curb the outbreak of the virus. These measures resulted in a 87.8% decrease in gambling revenue. At land based casinos, gambling revenue consists of all bets minus payouts. In other words: that what remains in the casinos gross below the line. By February 2020, Macau sales had fallen to $ 386 million from $ 3.14 billion in the same month of 2019, when it was still operating normally. It’s not a typo: in a normal month, over $ 3 billion in casinos are lost in Macau.

What measures have been taken in Macau because of the Corona virus?

No half measures have been taken in Macau to prevent further spread of the Corona virus. The main measure was to close all Macau casinos for 15 full days, starting February 5. Although Macau was much quieter than usual at the end of January due to all the tourist restrictions, in February the always bustling city turned into a real ghost town.

And then, like The Venetian Macau, you can still be the largest casino in the world , if the doors close, the tables will also remain empty. And then not a single Macau pataca is lost at the baccarat and Sic Bo table.

On February 20, most Macau casinos reopened, albeit under strict security measures:

  • At the gaming tables, there must always be at least one space available between players
  • There must always be at least one empty slot machine between two occupied slot machines
  • Standing bets are no longer allowed, sitting is compulsory
  • All players, dealers and other casino personnel are required to wear a facemask

What are the long-term consequences of the Corona crisis for Macau?

Not only gambling sales fell by 88%, the restaurants, rooms, shops and bars also closed. The financial impact on the results of Macau casinos will therefore extend far beyond just the loss in gambling winnings. All staff had to continue to be paid during the closure, which costs a casino millions of dollars per day.

Opt to play on online gambling (http://dewapokeronline.co/) in this time of health crisis. Entertainment is still accessible, all you will actually need is a computer, an internet connection, and an account.

It is already certain that the year 2020 will be disastrous. The Corona virus effect will certainly continue for a few more months and before visitor numbers and spending patterns are at the old level, you may be a year further. Stock prices of Macau casinos may fall very sharply. The real question would be how hard will the fall be?

 

Gambling As A Business Can Lead To Loss Of Control And Profits

Gambling is a billion-dollar business for providers. A large part of this business are coming from non-regulated areas. The players bear the risk.

According to the Federal Center for Health Education (BZgA), lying about gambling is a hallmark for gambling addicts – playing with ever-increasing stakes and criminal fundraising is another. According to estimates, there are 200,000 pathological gamblers in Germany, says Tilman Becker, head of the gambling research center at the University of Hohenheim. There would also be around 300,000 problematic players.

The majority of these pathological and problematic players gamble on machines. For almost 77 percent of the players who go to outpatient counseling or treatment centers, this is the main form of gambling. This emerges from the Addiction Help Statistics 2017 of the Institute for Therapy Research.

Factual tolerance of illegal games

Online casinos and online poker are part of the non-regulated gaming market – they are illegal in many countries such as Germany and Indonesia. But even if these games are not legal, many players still find a way to have access to these sites like live casino in Indonesia (https://dewa303.id/sbobet-taruhan-judi-bola-dan-live-casino-online/). In Germany, this black market includes gambling offers that do not have a German license but do have one from another EU member state. Much of it is actually tolerated.

The unregulated market is booming

Of the approximately 14.2 billion euros in revenue generated by gaming providers in Germany in 2017, 22 percent were generated in the non-regulated area, which also includes online sports betting. The figures come from the annual report of the federal state gaming regulators. While the regulated market grew by only 1 percent compared to the previous year (EUR 157 million), the non-regulated market grew by 24 percent (EUR 626 million).

The federal states are currently debating a reform of the State Treaty on Gambling. An opening of the sports betting market is planned. However, online gambling is said to remain prohibited.

Gambling researcher Becker calls for more control and regulation from a cross-border authority. Above all, player protection must continue to be promoted: “Experts agree that a lock file is a very important preventive measure for gambling addiction.” So far there is a locking system for all arcades only in Hessen. The lock can be applied for by the players themselves, relatives or the operators.

Georg Stecker, the spokesman for the board of the German Automata Industry (DAW), advocates a nationwide biometric access system. “We don’t want to make money from addicts.” The association refers to trained personnel in the arcades – only in a legal framework could players play protected.

Online Gambling: A Profitable Game

Since the rise of online casinos and online gambling, a lot of players have been taking advantage of playing it and making it a profitable game.

There have been a lot of people who testify to this new digital era that, indeed, online gambling can be beneficial to a lot of users. However, for you to get profitable online you must also risk your money— because the key to making more money is to invest money and bet in your luck.

Which typically does not really come easy at all, especially if you are competing with real players online from all over the world.

It’s Going to Luck Vs Skills

This is one thing you should put in mind, the way to winning good cash prices in a gambling game is not through luck— it should always be on skills.

The key to striking a win in online casinos must be based on how you play the game, on your skills. However, there are other casinos in which games are luck-based games. Luck based games are games where the house has the edge. This simply means that there is no other way to or secret formula to the game aside from cheating to win.

Games to Play

There are tons of games to play with on gambling games online. But you have to be very keen on choosing one.

Moreover, before starting or enrolling to the skill-based game, or a tournament game you should first take note of a very few easy games as starters. These are:

  • Poker,
  • Yahtzee,
  • Chess,
  • Backgammon,
  • Rummy,
  • Tonk, and
  • Spades.