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

MacauTuesday, Apr 25, 2017

The Macau government is considering a possible cap on the number of casino shuttle buses operating in the city, according to Transport Bureau director Kelvin Lam Hin Sang.

MacauTuesday, Apr 25, 2017

Zitro will be showcasing its wide catalogue of products specifically targeted at the Asian market at G2E Asia year.

MacauTuesday, Apr 25, 2017

Successfully returning from ICE 2017 in February, Asia Gaming, the leading provider of Live Casino solution, is coming to G2E Asia with the theme “Be Dynamic, Play Terrific”, showcasing the latest products to visitors targeting the Asia market.

MacauTuesday, Apr 25, 2017

SJM Holdings held an opening ceremony for Jai Alai Avenue, a 30,000 square feet cosmetics and beauty retail space.

MacauMonday, Apr 24, 2017

Visitor arrivals to Macau increased 5.7 percent year-on-year to 2.5 million in March, up slightly by 0.2 percent month-to-month, according to data from the Statistics and Census Service (DSEC).

MacauMonday, Apr 24, 2017

Weaker GGR seasonality, wage inflation and the delay in MGM Cotai could lead to potential underperformance of Macau’s gaming stocks in 17Q2, said Morgan Stanley in a note on Monday.

MacauMonday, Apr 24, 2017

Betsoft Gaming announced that they will have a prominent stand at this year's G2E Asia conference.