188Bet has returned to the Philippines! This signifies a substantial vote of confidence in the nation’s gaming sector, which has been diligently striving to distance itself from a turbulent history. The firm had relocated its operations during the Duterte era, a period marked by regulatory ambiguity. However, with a new leader at the helm and a renewed emphasis on attracting foreign capital, 188Bet evidently believes the Philippines is once again a secure wager.
The Philippine Amusement and Gaming Corporation (PAGCOR) is understandably elated. They perceive 188Bet’s comeback as an indicator that the industry is on an upward trajectory and that their endeavors to establish a stable and open regulatory framework are yielding positive results.
Operating under the umbrella of a new Philippine entity, BestCommerce Corporation, 188Bet has secured all the requisite licenses from PAGCOR. This development represents a mutually beneficial outcome for both 188Bet and the Philippines, heralding a promising new era for the country’s gambling domain.
The CEO of the Philippines’ Entertainment and Gaming Authority (PAGCOR) proclaimed optimistic expansion for the nation’s gambling sector over the coming five years. They foresee a minimum of one fresh integrated resort (IR) launching annually, commencing this year in Quezon City, succeeded by ventures in Cebu, Clark, and other key locales.
Moreover, PAGCOR aims to fully relinquish its casino holdings within the identical period, transforming into a solely regulatory entity. This will enable them to concentrate on supervising industry development and enticing additional investment.