The resurgence of the offshore gambling market has become a major challenge for regulators worldwide, surprising many who believed that tightly controlled and regulated markets would eliminate illegal or unlicensed operators. However, despite the increasing regulation, offshore gambling is thriving and controlling a significant portion of the global market. Here’s a breakdown of why this is happening and what it means for the industry:
The Reality of Offshore Gambling:
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Market Share:
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In the Philippines, offshore operators account for 50% of the total gambling market share, a stark contrast to the regulated market.
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