How to Start a Gamefarm and Game Fowl Breeding Business
Game Fowl Breeding Business: Breeding fighting cocks in the Philippines is a lucrative but high-risk business. The country is one of the only very few sovereign states in the world where cockfighting is legal as long as the operator has necessary permits issued by the government.
Cockfighting industry in the Philippines
According to the Philippine Amusement and Gaming Corporation (PAGCOR), the sabong (cockfighting) industry in the country is worth P50 billion ($1B) annually. Jarius Bondoc of the Philippine Star claims the industry earns P1. 5 billion ($75.2M) a day.
There are around 200 game farms in the country with at least 1,000 heads of gamefowls and more than a thousand backyard breeders with at least 100 heads. According to Manny Berbano of Pitgames Media, the demand for fighti...