Gaming tech eyes gov’t cooperation on e-sabong
Sports betting on cockfighting would be natural on what we do today... We want cockfighting to be treated like any other sport and go through the same treatment as any other sport
Daily TribuneSports betting on cockfighting would be natural on what we do today... We want cockfighting to be treated like any other sport and go through the same treatment as any other sport
A gaming technology executive has proposed the close coordination of the government along with online cockfighting or e-sabong operators to help grow the industry in the Philippines.
In an interview, Jade Entertainment and Gaming Technologies Inc. chief executive officer Joe Pisano said that his company is willing to coordinate with lawmakers to help deal with the public outcry surrounding e-sabong.
"We're happy to work with the lawmakers. I believe there's a lot we can contribute to help form regulations and to help drive away the illegal operators," Pisano said.
"At the moment, the government is losing, the community is losing and it's something we can do together to help build the industry. The Philippines is the hub for gaming now and nothing makes us happier than to work with the regulators to help grow the e-sabong industry," he added.
The gaming tech official also said that e-sabong can be a good source of income for the government as it has an entire ecosystem of industries that support it — which spans from sectors under breeders, feed makers, veterinary and employment — that contributes to a total of 35 percent corporate tax for the government.
Former President Rodrigo Duterte said in March that the e-sabong industry provides the government with about P640 million per month on revenue alone. It generated a total of P2.03 billion in the first half of the year.
Pisano also said that e-sabong should be treated as any other sport as it has the same set of rules and mechanisms in place since it has also been a profession for a long time, adding that while other sports like basketball, tennis, and football all have betting systems in place, cockfighting should also be given the same treatment.
"Sports betting on cockfighting would be natural on what we do today… We want cockfighting to be treated like any other sport and go through the same treatment as any other sport," Pisano said.
The CEO also disclosed that industries which invested heavily in the three-year license given to e-sabong operators were forced to cut manpower due to the loss of revenue and have no means to recover.
His company, Jade, currently has been forced to cut its more than 200 staff to just 30 due to the ban on e-sabong.
"Since the operations have been reduced, we have only operated for about five months…so we have taken a lot of losses…we just can't sustain them with our operations," Pisano said.
Meantime, Philippine Amusement and Gaming Corporation chairperson and chief executive officer Andrea Domingo said that e-sabong makes up 8 to 10 percent of the corporation's income which climbed to a total of P26.70 billion for the first six months of 2022.