Online gaming a possibility, regulation essential says Tio

While there is potential for Macau to profit from online gaming similar to that achieved in the South East Asian region, regulation is essential, says Chris Tio, a Philippines gaming expert.

In an interview with Business Daily, Chris Tio, the former head of marketing of PAGCOR, now executive vice president of DFNN Inc said Macau could learn a lot from online gaming growth in the Philippines, but stressed the Philippines gaming sector may be too young to lecture the SAR.

“Online gaming is interesting because if you look at it it contributes a significant percentage of revenues to regulators. In the Philippines, there’s huge and dramatic potential for that to continue, and to gain a significant foothold,” said Tio.

“Right now, we’re seeing it but as a hybrid; it’s online but it’s not online, it’s server based games but streamed into physical locations,” Tio stated, adding China would be the main driver for expansion of the online gaming sector.

However, Chris said while the online gaming industry sees growth, regulation remains an essential component.

“Regulation of the Internet is very difficult but it’s required, since the government loses out and legitimate investors also.” said Tio.

More news from this jurisdiction

MacauThursday, Mar 23, 2017

Wynn Macau will raise the wages of non-management staff by between 3 percent and 6.5 percent, the company said.

Macau, PhilippinesWednesday, Mar 22, 2017

Gaming suppliers, facing the challenge of changing audience demographics and new technology, need to move to “bigger and brighter” machines to lure clients into casinos, industry experts say.

MacauWednesday, Mar 22, 2017

Melco Crown Entertainment has followed Macau rivals in announcing a pay rise for non-management employees, as analysts warn cost pressures in the territory are on the rise again.

MacauMonday, Mar 20, 2017

Macau’s casino operators are likely to facing increasing margin pressure in 2017 as overall costs rise and promotional pressures gain with the uptick in VIP gaming, Morgan Stanley wrote in a note.

MacauMonday, Mar 20, 2017

Authorities suspect foul play in a fire that broke out at the construction site of SJM Holding’s new casino on Cotai, the Grand Lisboa Palace, local media reports.

MacauMonday, Mar 20, 2017

Sands China said its board has recommended a final dividend of HK$1.00 ($0.13) per share for 2016, unchanged from the prior year.

MacauMonday, Mar 20, 2017

Bernstein has revised its GGR estimates for the first quarter of 2017, forecasting 10 percent growth, led by 12.5 percent growth in VIP and 9 percent growth in mass.