PHS online casino

PHS Casino Rating

Find The Best Casinos in Philippines

PHS(Philipino’s) Casino Rating brings together the top casino brands in the Philippines and introduces you to their promotions one by one. If you want to learn about casinos in the Philippines, and more casino knowledge teaching, you must not miss it!
Game Type of Online Casino

PHS Casino Rating

Comparing The Best Casinos in Philippines

PHS(Philipino’s) Casino Rating brings together the top casino brands in the Philippines and introduces you to their promotions one by one. If you want to learn about casinos in the Philippines, and more casino knowledge teaching, you must not miss it!

10 Benefits of Getting into the Online Casino Business

If owning an online casino business sounds like a dream to you, here are all the reasons why you should give it a go.
10 Benefits of Getting into the Online Casino Business

Foreword

Starting a business is always risky, whether we’re talking about making furniture or opening a bakery. However, if you are considering starting an online casino business, we have some good news for you. Your timing is impeccable as the gaming industry is moving at the speed of light. Thanks to the latest technological developments, new and exciting ways to gamble appear every day. If owning an online casino business sounds like a dream to you, here are all the reasons why you should give it a go.

1. A Multi-billion Dollar Industry

While many businesses have taken a hit during the pandemic, online casinos have thrived during the COVID-19 crisis. The lockdown kept people from leaving their homes, so those who wanted to gamble had to turn to online platforms. Of course, that’s not the only reason why online casinos have never been as popular as they are today. Increased smartphone adoption, new technology and accessibility are just some of the factors contributing to the booming online casino industry. It has even been predicted that the online gambling industry will be worth $160 billion in the next few years. That’s why now is the perfect time to start your own online casino business. If you act now, be sure to research your potential client’s needs and offer a service that meets their needs.

2. Affordable License

If you are going to run an online casino business, you will need to obtain certain licenses. Fortunately, there are a variety of affordable options available to you these days. Some of the most popular are offshore gambling licenses as they offer cost-effectiveness, flexibility and tax optimization opportunities. Check out the jurisdictions of Curacao, Kahnawick and Malta and you’re sure to find a solution that suits your casino business needs.

3. Comfort for Players

Acquiring new customers is easy, especially since online casinos have one huge advantage over brick-and-mortar casinos – the comfort of home. Gambling is no longer limited to brick-and-mortar casinos, and thrill-seekers can now place bets anytime, anywhere. In other words, they can use their smartphone, tablet or laptop to enjoy casino games no matter where they are. However, keep in mind that your competition will be fierce, so it’s important to include all the elements that might attract potential clients, such as various bonuses. For example, you can check out the PHS Online Casino promotions and see what they have to offer. Offering interesting options to your customers will make your online casino more popular.

4. Wide Range of Payment Methods

Unlike brick-and-mortar casinos, online casinos offer a variety of payment methods. You can always choose traditional methods such as bank transfers and standard currency methods, but you can also try other unconventional methods. For example, Bitcoin and cryptocurrency gambling in general are on the rise and becoming quite common. Your casino can offer deposits and withdrawals in fiat and cryptocurrencies. The benefit of encrypted payments is that they increase security and reduce chargebacks. Also, players prefer online casinos because of the huge number of payment options available there.

5. Variety of Amazing Options

When people think of online casinos, the first things that come to mind are slot machines and bingo. However, there is so much more to offer at online casinos these days, and we’re not talking about poker. A few years ago, esports took the world by storm, and now many major betting sites allow their customers to place bets on these sites.

6. Reduce ongoing costs

Of course, starting this business and opening an online casino is not cheap, but it is much cheaper than opening a brick and mortar casino. Plus, overhead and maintenance costs are much lower when your company is on its feet. As an online casino operator, you need to consider the price of web development, marketing, maintenance and licensing when planning your budget. On the other hand, owners of brick-and-mortar casinos need to pay for croupiers, dealers, cleaning staff, and security, not to mention bar or restaurant costs. There are also prices for slot machines and gaming tables, and rentals. Lower ongoing costs mean more profit for you, which you can then use to upgrade your business and improve your service.

7. Flexible Restrictions

One of the reasons online casinos are so popular is the flexible betting limits. As mentioned earlier, online casino operators face much lower overhead, which allows them to be more flexible. Therefore, online casinos offer much lower/higher betting limits, which makes them popular among the gambling community.

8. Online Casinos Have A Wider Variety of Games

When you have a brick-and-mortar casino, the types of games you can play are limited by the space the casino takes up. Online casinos, on the other hand, can offer a wide range of games, from poker and bingo to standard table games and differently themed slot machines.

9. Global Customers

Brick-and-mortar casinos depend on tourists in their area and tourists who come to visit. On the other hand, online casinos can even target players who live in a country, continent, or even on the other side of the world. When you do business, anyone in the world who allows a gambling platform to operate can access it.

10. Impressive Growth Potential

Of course, brick-and-mortar casinos still have their place in the world, but with fewer and fewer customers. On the other hand, the popularity of online casinos is on the rise, and due to various technological developments, these platforms will only become more popular in the future. Therefore, starting an online casino business can be a great investment for you.

Conclusion

Just like starting any other business, there are certain risks associated with entering the online casino business. However, in this day and age, the advantages of owning an online casino outweigh the disadvantages. If this type of investing seems like the right step for you, then do your homework, launch your website and grab this billion dollar pie.

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Most Common Online Casino Scams

There are a variety of different scams that you must be aware of before playing online gambling games. That’s why we’ve prepared a checklist of online casino scams to help you figure out how you were targeted and what the scammers are targeting.

Sadly, Philippine online casino scams abound. Therefore, if you do not take precautions, you may suffer losses.

Here are some of the most common ways casino players get scammed:

Deposit theft is arguably the most common scam and unfortunately very common. Sometimes, players make deposits, but their funds never show up in their accounts. Or, they may receive a notification that their deposit was declined despite having enough money.

Bear in mind that this could just be a glitch or a one-time accident. But if this happens to you, please contact customer support immediately.

Online gambling scams can take the form of casinos that don’t pay. Here, players win money, but the site claims they don’t meet the wagering requirements for withdrawals, even if they do. Alternatively, the site might say that there was an “error” with the deposit.

If you still do not receive your bonus after meeting all the requirements, you are most likely being scammed.

Since most online casinos offer some type of bonus to convince players to play, some scammers often take advantage of this to their advantage. That is, they create fake offers that look too good to be true (and they are!) and trick gamblers into depositing money where they don’t get any benefit.

Of all the online casino scams in the Philippines, this one is probably the most difficult to avoid. When creating an account with an online casino, you will be asked to provide personal and banking information such as your legal name, address, date of birth, social security number, and credit card information to proceed to the next step of the application process.

Unfortunately, hackers and scammers can access this information and steal your identity or commit other types of fraud.

When most people hear online gambling scams, they think of malware. This is for good reason, as hackers can steal your information by infecting your computer. This type of malware can give strangers access to your personal data, who can threaten you with money (ransomware).

Here, the best thing you can do is pay attention to the links you click and the websites you visit, and install a good antivirus program. Remember, phishing is a scam, so if you find those responsible, they face serious consequences.

Some scammers create fake online casinos and manipulate the games so that you never win. By doing this, they encourage you to keep playing (and losing) in the hope that you will eventually give up or deposit more money.

Unfortunately, these scams are harder to prove than blatant frauds because casino games don’t necessarily give you the best overall chance of making money.

A sure sign that an online casino is a scam is that it doesn’t have an effective customer support team. Usually, this means that if you run into any problems, you won’t be able to contact anyone for help, thus losing your money.

Fortunately, you can easily check the response rate of any casino’s customer support representatives before you sign up, just by asking them a few questions about the casino. If they never respond or take days to respond – take a detour.

What to do if you encounter online casino scams?

If you think you’ve been the victim of an online casino scam, there are a few things you can do to make sure it doesn’t happen to anyone else:

Spread the word

Without a doubt, one of the best ways to warn others about online gambling scams is to write about your experiences online. Everyone can look up anything these days, so you can be sure that whenever someone searches for a scam casino, they will be bombarded with negative reviews.

If you have real-life friends who are also gambling enthusiasts, you should also warn them about fraudulent casinos.

Contact the Casino's License Provider

If the casino is licensed by a reputable and legitimate organization, you can file a complaint directly with the company that issued the license. However, keep in mind that this may not always yield results. Either way, any action you can take is worth a shot.

Browse Gambling Blogs

Last but not least, you can sift through numerous gambling blogs and forums to determine what they have to say about the casino and what they review. Usually, these sites are filled with people sharing their experiences, good or bad, and this is what you need.

To help others avoid your plight, please post about the online gambling scam you have suffered and advise others not to visit the culprit’s casino.

How to prevent falling for online casino scams?

Fortunately, there are steps you can take to prevent falling victim to casino scams. If you follow these tips, you’ll probably avoid a headache, at least until you’re sure about the casino’s legitimacy.

Unsurprisingly, the most important thing you should do before committing yourself to an online casino is to do your research. If you follow a gaming platform, read its reviews and see what other people are saying. Of course, if there are more bad reviews than good ones, it’s best to avoid the site and look elsewhere.

Bear in mind that this could just be a glitch or a one-time accident. But if this happens to you, please contact customer support immediately.

With our roundup of malware and spyware scams, it’s wise to install an antivirus program on your computer to help protect you from online threats. After all, viruses are responsible for more than 11% of all cyberattacks and security breaches in the Philippines, so why not take some precautions so you can browse with confidence?

When you first log into a new casino, it’s always a good idea to make a small deposit instead of going all-in right away. That way, if the casino turns out to be fake and you fall victim to an online gambling scam, you won’t lose too much money. Yes, any lost money is unfortunate, but losing $10 or $1000 won’t hit you in the same way.

All legal online casinos have licenses issued by gaming regulators. Generally, you can find this information on the casino’s website, usually at the bottom. If you can’t find it or the casino doesn’t have a license, that’s a red flag.

Please read the casino’s terms and conditions before creating an account and entering sensitive information. Yes, all of them. By doing this, you’ll know exactly what you’re agreeing to and won’t be caught off guard by unfamiliar practices or requirements. If yes, you will have legal grounds to sue.

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