PAGCOR calls return of major online gambling company “huge vote of confidence”

The Philippine Amusement and Gaming Corporation (PAGCOR) has welcomed the return of eGaming giant 188Bet to the Philippines.

As first reported on AGBrief last week, the Asian bookmaker, said to be one of the biggest in the world, announced the move in an email to all players. Now, PAGCOR has welcomed the development in an official statement:
PAGCOR Chairman and CEO Alejandro H. Tengco said 188BET’s return “is a huge vote of confidence for the country as a regulatory haven, and this is precisely what PAGCOR is working hard at.”
“188BET’s move is a very positive response to our call for gaming investors to come to the Philippines,” Chairman Tengco said.
“We would like to assure 188BET and other potential investors that PAGCOR shall continue to be fair to everybody, and that there will be a level playing field with a predictable and dependable regulatory framework,” the PAGCOR chief added.
The Philippine regulator has been working hard to re-establish the country as a base for the industry, with Chairman Tengco encouraging investors and stating that “Now is the time to come to the Philippines”.

Asia POGOs Gambling Philippines Latest news PAGCOR

Accelerating currency drop of renminbi pressures Macau tourism market
_2025-01-07UN report reveals growing presence of organized crime in pacific islands casino projects
_2025-01-06Macau GGR to grow 8% in 2025, backed by increasing travel spending: Goldman Sachs
_2025-01-03The overnight disappearance of 8XBet: a brand shrouded in controversy
_2025-01-02Macau’s gaming industry on track for strong 2025 kickoff: Citigroup
_2025-01-02China's president urges Macau to continue diversification drive away from gaming
_2024-12-20

Open in new window
View settings