- Indian gambling market is estimated to be worth US$ 60 billion per year, around half of this is said to be illegally bet.
- Online betting profits in India is estimated at $30 billion yearly.
- Around 80% of Indians gamble at the very least yearly, be it on sport, ports or casino site table video games.
In an earlier statement, Leechiu Building President David Leechiu said: "POGOs will certainly make a huge return as quickly as traveling bans are raised. The POGOs from India might come and enter the market this year, which will include in the demand."
A statement that was strongly differed by Nikko Baluyot, Head Of State of Zonac and Shibata, a residential property supervisor in the Philippines that's remained in business for a pair of years now..
Gambling is also unlawful in India just like in China the factor why gamers decide to settle with offshore gambling establishments..
But Mr. Baluyot explained reasons that it is quite difficult for the Indians to pass through the Philippine market.
" Indian passport owners can not enter the Philippines visa-free, they have to protect a traveler visa prior to visiting the nation. It will cost them a lot, why not set up in their neighboring countries rather? I'm not claiming that Leechiu's forecast is phony, yet it just does not make good sense," says Mr. Baluyot..
As of this writing, POGOs are permitted to run must they be able to abide by the problems and needs given by the government.