Here’s another answer to that frequently asked about the Philippines question, can I make money with an Internet cafe?
Answer: Not only can you but the government of the Philippines wants to be your partner. PAGCOR the Philippines Amusement and Gaming Corporation is a government-owned corporation that has control over all legalized gambling in the Philippines. Actually their charter is even more broad than that:
The Philippine Amusement and Gaming Corporation is a 100 percent government-owned and controlled corporation created in 1977 by virtue of Presidential Decree 1067-A and was amended to PD 1869 on July 11, 1983, later known as the PAGCOR Charter.
PAGCOR was created with a three-pronged mandate: to regulate all games of chance, particularly casino gaming in the country, to raise funds for the governments’ socio-civic and national developmental efforts, and to help boost the country’s tourism industry.… more about PAGOR here.
So why am I writing about these guys in an article about Internet cafes? Simple. One of PAGCOR’s less well know activities is not only the regulation but actually the provision of free-standing video gaming facilities.
This is a very unique opportunity for an Internet cafe type building in an area that can attract traffic. The corporation provides the game terminals, cashier’s system, 24×7 support all licensing permits and such except local mayor’s permit. In return the operator gets a share of the gaming profits and of course all the profits from anything else served up by or attracted by the facility. They even have a compete turnkey package where the eGames cafe arrives on a truck, you set it on a foundation, plug in the power and you’re a casino operator.
Investment ranges from P1.2 to P1.8 million … not really too shabby considering the upside potential. It’s not legal to have any ‘real’ games of chance in an Internet casino … except through this PAGCOR program so competition is automatically regulated and no worry about the police knocking on the door some night because someone complained to them they thought you were running a gambling den … as has happened to more than one otherwise successful Internet cafe operator. here’s their projected cash flow. Like anything else on the Internet, YMMV but this is a Philippine business opportunity worth looking into if you don’t want to work 14 hours a day, 7 days a week for 40 cents an hour.
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