As revealed in May by the Philippine Amusement and Gaming Corporation, the country’s casino industry gross gaming revenues increased by over 13.4% in the first three months of 2022 when compared to the same period last year. More specifically, online casinos licensed to operate in the Philippines generated gaming revenues of over $577 million (or Php30 billion) between the 1st of January and the 31st of March 2022.
This is an increase of around 14.6% compared to gross gaming revenues collected by the Philippines’ casinos in the last three months of 2021, which amounted to $463 million (hp23.81 billion). According to the official reports of the Philippine Amusement and Gaming Corporation, the industry’s total gross gaming revenue numbers increased by over 30.4% yearly.
The industry’s growth was boosted after the country’s government decided to lift most covid-19 restrictions at the beginning of this year. When it comes to land-based casinos and fully-integrated casino resorts, including Okada Manila, City of Dreams Manila, Solaire Resort and Casino, and Resorts World Manila, these venues generated gross gaming revenues of over $515 million (or Php26 billion) in the first quarter of 2022.
In the last three months of 2021, these venues generated gross gaming revenues of around $456 million.
It is Expected to Boost Crypto Casinos in the Philippines
If the legality of crypto casinos is a concern for you, you can rest assured that playing your favorite games at any crypto casinos in the Philippines is perfectly legal. The truth is that the Philippines is one of the very first countries in Asia that embrace the growing popularity of crypto casinos.
There are also official documents recognized by the Philippine Amusement and Gaming Corporation that allow locals to make deposits and withdrawals at iGaming sites using cryptocurrencies. Today, the Philippine iGaming industry house quite a few renowned crypto casinos, and one of these is Roobet Casino.
If you are looking for an unbiased, comprehensive Roobet casino review, check this source. Crypto casinos operating in the country boast impressive gaming libraries packed with loads of slots, classic table and card games, live casinos and even specialty games.
The best crypto casinos are licensed and regulated by prominent iGaming regulatory bodies. They are compatible with a wide range of gaming devices, including iOS and Android mobile devices. Most of these casinos also offer free/demo play options, so players can check all different sorts of games available before they make their first deposits.
The best crypto casinos also support various payment options, including Bitcoin, Tether, Ethereum, Litecoin, and other widely used cryptocurrencies.
What is Starlink?
Even if you do not know much about different Elon Musk ventures, you have probably heard of Starlink. Operated by Elon Musk’s SpaceX company, Starlink is a unique satellite internet constellation that provides Internet access to residents of thirty-three countries, including the United States, Germany, Brazil, Chile, Australia, Spain, Italy, and the United Kingdom. Starlink also operates in parts of Africa.
Back in 2019, the very first Starlink satellite was deployed. As of 2022, the entire Starlink network features over two thousand and four hundred small satellites that reside in low Earth orbit. Teams responsible for monitoring Starlink satellites work from the SpaceX facility located in Redmond which is located around fifteen miles from Seattle.
The development facility located in the city of Redmond is also responsible for the manufacturing and developing Starlink satellites. As revealed in 2018 by SpaceX officials, the entire Starlink project cost over $10 billion. The company expects to make over $30 billion in revenues from the Starlink project.
As revealed in an official statement by Elon Musk, the Philippines will be the first southeastern Asian country to benefit from Starlink internet.
Starlink Entering the Philippine Internet Market
This is a real-time Starlink map coverage that shows all different regions with Starlink satellites. In Asia, Starlink satellites will become operational soon in Cambodia, Turkmenistan, Kazakhstan, Mongolia, Laos, Malaysia, Cambodia, Indonesia, and the Philippines. As revealed in May 2022, Starlink will be entering the Philippine internet market very soon, according to Elon Musk.
Currently, the Philippines is one of the countries struggling with slow internet speeds, and this is about to change. The country has always been listed at the bottom regarding internet speed. The WiFi speed status will improve significantly as soon as Starlink starts to operate.
According to an official press release by the National Telecommunications Commission, Spacex has obtained all necessary permissions to launch its broadband internet service. More specifically, the Philippine National Telecommunications Commission approved SpaceX’s request to operate in the country on the 27th of May. Following this approval, SpaceX has the right to access the Philippines’ satellite system and start working on building its own facility.
According to the latest reports, Starlink will provide low latency satellite WiFi with internet speeds of between 100 Mbps and 200 Mbps. This comes along with other moves in the country to expand the internet coverage and provide services to even more people than before.
What Does This Mean for the Philippines Online Casino Industry?
According to an official press release by the National Telecommunications Commission, Starlink’s internet service will be available in both rural and urban areas in the country. Essentially, it will allow people residing in underserved regions to enjoy faster internet speeds, and having a decently fast internet speed is essential for the country’s iGaming industry.
Connecting and playing at online casinos using Starlink internet service works perfectly fine. There are no differences between relying on Starlink and other internet options. In the beginning, there may be some complications with lower internet speeds since not many Starlink satellites will be deployed, but this will improve in the coming months.
For Filipino online casino players, the issue with the lack of Starlink satellites will probably manifest as occasional disconnections and slower internet speeds. However, this is not something that cannot be fixed. As estimated in November of 2021, the average download internet speed in the country was just around 46.44 Mbps.
Thanks to Starlink, residents will enjoy much faster internet speeds of between 100 Mbps and 200 Mbps, which is a significant improvement.