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Announcing an Online Casino Hosting Facility

You may not be able to gamble at the online casinos in the Philippines, but a new project announcement may very well bring a hosting service to the Philippines that would serve as a launching point for internet gambling companies with an interest in the Asian-Pacific gambling industry. Two companies, First Cagayan Leisure and Resort Corp (FCLRC) and a subsidiary of the IPVG Corporation, IP-Converge, are partnering up on this latest venture and plan to build and develop and online gambling hosting service out of Manila. The Asian internet gambling industry is really beginning to surge, with more Asian themed and targeted online casinos launching every month.

There are still many Asian regions and nations that prohibit online casino gambling, so while that is a challenging to actually growing the Asian internet gambling industry, the two companies believe that the hosting services will provide foreign gambling companies an “in” into the Asian market – or at least a launching point.

The Philippines currently prohibits internet gambling, but hosting other online casinos and funneling traffic into the Asian industry could prove very lucrative for the two companies. The VP at FCLRC, Rene Nunez succinctly summarized the new venture: “We manage the IP traffic.” The Philippine government is increasingly looking to slowly enter the land and online casino gambling industry, and this new venture is a strong first step into the industry.

Other plans that are currently in speculation for the Philippines include a land casino gambling resort in Manila Bay designed to pull some of the traffic of gamblers currently gambling in Macau. The Asian gambling industry has the potential to seriously grow in the coming years, the Philippines is designing itself to become a centralized country that would benefit from gaming revenues without actually legalizing online casino gambling in the country.