188Bet has returned to the Philippines! This signifies a substantial endorsement of the nation’s regulatory framework, particularly after relocating their headquarters from Makati during ex-President Rodrigo Duterte’s administration.
The Philippine Amusement and Gaming Corporation (PAGCOR) is delighted to have them back, viewing it as a significant triumph for the Philippine gaming sector. It indicates the industry’s resurgence and investors’ confidence in the regulatory environment. With PAGCOR implementing positive reforms, the Philippines is regaining its position as a robust and investor-friendly gaming center.
PAGCOR Chairman and CEO Alejandro H. Tengco considers this a massive vote of confidence. He guaranteed 188Bet and other prospective investors that PAGCOR is dedicated to impartiality, equitable opportunities, and a reliable regulatory structure.
Operating under the newly established Philippine entity BestCommerce Corporation, 188Bet is fully licensed and regulated by PAGCOR as of March 19th. This action aligns seamlessly with PAGCOR’s ongoing initiatives to attract gaming investments to the Philippines.
The head of PAGCOR projects consistent expansion for the Philippine gaming sector, anticipating a minimum of one new integrated resort (IR) launch annually over the next five years. Quezon City is poised to lead this development, with Cebu, Clark, and other significant areas following suit.
Simultaneously, PAGCOR seeks to fully relinquish its casino holdings within the same period, transforming into a solely regulatory entity. This calculated maneuver will enable PAGCOR to concentrate on supervising industry advancement and enticing additional investments.
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