Online Casino Transfer: News - The Philippines take it Online

01/26/2010		Online Casino Style: News The Philippines Take it Online
Home History Games News Dictionary		Another debut has been seen on the online gambling market, though this time not in Europe, but rather the Philippines. PAGCORP – the Philippine Amusement and Gaming Corporation – a state-owned entity that rules the online gambling industry in the southeast Asian country, has announced the first online casino powered by Philweb Corp. According to the local newspaper, the Philippine Daily Inquirer, the launch of the internet casinos site is particularly significant in the region as it marks the first such service to be legally available to citizens. The new site can be found at egamesonline.com.ph, and is the result of the publicly listed online gaming firm Philweb Corp, specifically, a division within the firm called Philweb Homeplay, Inc. Gamblers will be happy to find traditional online casino games such as blackjack, roulette, slots and even baccarat offered at the site, all of which is legal to play provided bettors are over 21 years of age. The new E-Games Online will be supported by Philweb’s payment software, allowing gamblers to deposit into their virtual wallets by Click2Pay, or in person at accredited banks, and cashiers in Metro Manila. The platform also supports money transfers with online banking services, and loading PINS, with the addition of credit cards to be added in the near future. Though the online gambling industry has been slow to develop in the Philippine because of the governmental control held over the market, the growth of the state’s monopoly to include internet gambling is being hailed as a win in itself by many. PAGCORP regulates and operates all ‘chance’ games in the region, and expects to profits at least a billion in the first year with the new platform. “This is an important step in fulfilling PAGCORP’s mission to deliver secure, legal, fair and convenient games of chance to adults throughout the country,” said Dennis Valdes, the president of Philweb. “We believe this site will be attractive to affluent customers who own their own computers at home and prefer to play at their convenience and in privacy.”

01/26/2010

Online Casino Style: News
The Philippines Take it Online

Another debut has been seen on the online gambling market, though this time not in Europe, but rather the Philippines. PAGCORP – the Philippine Amusement and Gaming Corporation – a state-owned entity that rules the online gambling industry in the southeast Asian country, has announced the first online casino powered by Philweb Corp. According to the local newspaper, the Philippine Daily Inquirer, the launch of the internet casinos site is particularly significant in the region as it marks the first such service to be legally available to citizens.

The new site can be found at egamesonline.com.ph, and is the result of the publicly listed online gaming firm Philweb Corp, specifically, a division within the firm called Philweb Homeplay, Inc. Gamblers will be happy to find traditional online casino games such as blackjack, roulette, slots and even baccarat offered at the site, all of which is legal to play provided bettors are over 21 years of age. The new E-Games Online will be supported by Philweb’s payment software, allowing gamblers to deposit into their virtual wallets by Click2Pay, or in person at accredited banks, and cashiers in Metro Manila. The platform also supports money transfers with online banking services, and loading PINS, with the addition of credit cards to be added in the near future.

Though the online gambling industry has been slow to develop in the Philippine because of the governmental control held over the market, the growth of the state’s monopoly to include internet gambling is being hailed as a win in itself by many. PAGCORP regulates and operates all ‘chance’ games in the region, and expects to profits at least a billion in the first year with the new platform.

“This is an important step in fulfilling PAGCORP’s mission to deliver secure, legal, fair and convenient games of chance to adults throughout the country,” said Dennis Valdes, the president of Philweb. “We believe this site will be attractive to affluent customers who own their own computers at home and prefer to play at their convenience and in privacy.”