Filipino Web-Based Clearing House For Online Gambling
Online gambling is any type of gambling conducted over the internet with no physical premises. This includes online casinos, poker games and sports betting among many others. The first online gambling site opened to the public, was ticketing in Las Vegas, by the now-convicted operator, Jack Blaine. While it remains the largest online gambling site, there are dozens of smaller sites operating across the globe.
An independent organization in Scotland has taken charge of developing and operating the world’s biggest online gambling website, called “Pagcor”. It is based in Edinburgh, United Kingdom and has already attracted several major online gambling websites including Mega Millions Online. It is an Internet-based company that develops, manufactures, distributes and offers the web-based gambling software.
With the increasing number of online gambling events in the worldwide web, the need for a central clearing house arises. This would serve as a central clearing house where all transactions from all the online gambling marketplaces happen. This is to ensure that each transaction is processed properly and payments made for all activities taking place on the online gambling marketplaces. It is also a place where all the different payment gateways come into effect, so that money can be transferred quickly and easily without any delays taking place.
Many players take part in online gambling events for many reasons. Some join the bandwagon of the hottest gambling game; online sports betting. Others try their luck at a casino and lose big, while some do both. There are gamblers who play for money at a licensed real-world casino and some play a mixture of both licensed and illegal online gambling activities.
The need for a central clearing house arises when one considers that there are many different gambling events taking place at any given time. It has been noted that over the last few years, there have been an increase of online betting transactions from all around the world. Of course, most of the transactions are still made through banks and other financial institutions. However, there is an increasing trend for customers to convert their monetary assets into the hard currency used in online gambling transactions. This is why the need for a Filipino web-based clearing house arises.
One of the main concerns of the government when it comes to online gambling in the Philippines is the proliferation of organized crime elements that use such services as a source of income and a channel for their nefarious activities. However, despite this worry, there have been instances where Filipinos have become quite good at playing online gambling games and even become quite successful in earning considerable profits. In fact, there have been several cases of ordinary Filipino gamers who managed to win huge jackpots in online gambling events. This has encouraged other ordinary Filipinos to take up the sport as a means of livelihood. Given the increasing demand for online gambling sites, there will certainly be a day when these sites will be regulated by the government.