Lifestyle
A comparison between the status of gambling in Philippines and Canada
A well-known market-research company, Zion Market Research recently published a report titled “Online Gambling & Betting Market by Game Form and by Component: Global Industry Perspective, Comprehensive Analysis and Foecast, 2017-2014.”
As per this report, the global online betting and gambling marketplace was worth US$ 45.8 billion in the year 2017, and is well on its way to reach US$ 94.4 billion by the year 2024, growing at a compound annual growth rate (CAGR) of close to 10.9% from 2018 to 2024. This tremendous growth in the overall gambling revenues of the world is also being fuelled by more and more markets opening up to gambling operations, with several US states being the most recent and biggest ones to foray into legalised gambling. Let’s briefly look into the current gambling status in Philippines and Canada.
Gambling in Canada
Gambling used to be legal in Canada and was regulated by a law passed in 1892. Both land-based and online gambling have progressed over the years, and 2019 has proved to be very promising for punters in Canada. Regardless of the fact that gambling laws vary from one state to the other in Canada, the governing bodies are gradually coming to a mutual consensus in this regard, and are expected to formally legalise it all through Canada. You may be allowed to indulge in online gambling at reputed portals like Jackpot City Casino and others, wager money on national lotteries or place bets on live sports depending upon where you stay in Canada as well as your legal age.
There are several legalised and licensed land-based casino establishments in Canada. A major reason for the growing popularity of gambling in Canada is the immense success achieved by gambling establishments with regard to attracting more and more number of tourists to their properties.
If we talk purely about the gambling laws, particularly online gambling, things are slightly complicated. Some Canadian provinces run or operate their own online casinos, as a part of government approved betting outlets, enabling Canadian gamblers to legally play such games on the Internet. Although it is absolutely legal for Canadians to purchase lottery tickets and bet online, using online portals, what is considered unlawful is offering online gambling services to Canadians, from within Canada, without obtaining any kind of registration or license from the government. Furthermore, there are 1400+ offshore gambling websites offering their services to Canadian residents.
Gambling in Philippines
People have been gambling in Philippines since the 16th century. At present, there are all kinds of illegal and legal types of gambling operations running all over the country. There is a proper state-owned authority called Philippine Amusement and Gaming Corporation (PAGCOR) which operates a good number of casino establishments and also functions as a regulatory body for the privately owned casinos.
PAGCOR has also been issuing operating licences to casinos from 2016 and has proven to be instrumental in overseeing the regulation of rapidly growing online gambling marketplace in Philippines, which serves multiple offshore markets, most importantly China. Casinos integrated into luxury resorts have become a highly appealing factor for tourists coming into the country. There are 20+ brick-and-mortar casino establishments in Manila alone today.
