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.