Could Regulation Be the Better Path for Asia’s Online Gaming Markets? | Paul Fox, Claymore Solutions
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Could Regulation Be the Better Path for Asia’s Online Gaming Markets? | Paul Fox, Claymore Solutions
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The Philippines has become one of the most important regulated online gaming markets in Asia, and Paul Fox believes other countries in the region can learn from how the market has developed.
Paul, Founder of Claymore Solutions, speaks with Surya about why the Philippines has become a natural base for gaming operations and back-office teams, particularly for larger and publicly listed companies that need to operate carefully around regulation.
The conversation also looks at where online gaming in Asia could go next. Paul describes the Philippines as a regional trailblazer, pointing to the growth of licensed online gaming alongside the country's established land-based casino market.
For markets such as Thailand, he believes the Philippines offers a more relevant comparison than Europe or the United States because of the similarities within the region. Malaysia and Indonesia may face more complicated paths because of religious and cultural factors.
Paul's wider argument is that gambling demand already exists across Asia, whether it is legal or not. His preference is for clear legislation that allows governments to regulate the activity properly, create safer operating conditions and collect tax revenue.