THE Philippines made a pitch for more investments in the country’s online gaming sector at the recently held Global Gaming Expo Asia (G2E Asia), the premier gaming exhibition and conference event dedicated to the Asian gaming markets.
Filipino-led Grand Innovasia Concept Corp. (GICC), a Bataan-based company, seeks to capture a piece of the online gaming market with the help of the Authority of the Freeport Area of Bataan (AFAB).
GICC is one of the locators at the Bataan Freeport and AFAB chairman Deo Custodio has thrown their support to assist the company to look for more investors.
“It’s an industry that we want to see develop because it’s a different industry from what we already have, so it’s a good hedge and [means]potential earnings as well,” Custodio told the Manila Times in an interview.
He added that AFAB wants to help people get familiarized with GICC and how they can offer this facility to operators of online gaming.
“They want to see that there is a legislative and legal basis for their ability to do so and having a government agency that registered them and allowed them to do this at the Freeport Area of Bataan helps them in establishing themselves in the industry,” Custodio explained.
GICC consultant Amado Sanglay said they currently have 16 locators and are set to increase this number once they have built their facilities.
According to Sanglay, GICC’s location in FAB allows them to focus on the security of their locators.
Custodio reinforced this by saying, “There’s some stability offered by the fact that they can operate within the freeport area, that they can operate in peace and people won’t harass them.”
“Not only that,” Sanglay added, but “in terms of facilities, they offer very low-cost utilities in terms of power [and]in terms of telecommunication.”
Sanglay said they have a good percentage of bandwidth that will further be increased depending on how fast their locators come in.
The Cagayan Economic Zone Authority (CEZA) pioneered the Philippine online gaming industry in 2005.
“We started all of these things and we were considered as one of the reputable jurisdictions in Asia,” said CEZA administrator Jose Mari Ponce.
Based on the latest data, there are 90 active online gaming operators under CEZA, with about 105 to 110 applications pending.
Ponce added that 80 percent of CEZA’s operations are dedicated to online gambling.
G2E Asia 2015 was organized by the American Gaming Association (AGA) and Reed Exhibitions, the premier gaming exhibition and conference event dedicated to the Asian gaming markets.
Celebrating its ninth edition, G2E Asia 2015 was held from May 19-21 at the Venetian Macao, in Macau S.A.R., People’s Republic of China. This year’s edition features a larger show floor and an increase in attendees. The show floor boasted 180 exhibitors in 8,500 square meters of exhibit space and attendance was projected at 9,000.