• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 25 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

PAGCOR says 188BET’s return to the Philippines a “huge vote of confidence”

Newsdesk by Newsdesk
Mon 26 Feb 2024 at 06:44
PAGCOR to complete casino privatization by 2028, says Alejandro Tengco

PAGCOR Chairman and CEO Alejandro Tengco

12
SHARES
295
VIEWS
Print Friendly, PDF & Email

Philippine gaming regulator PAGCOR has described the decision by online gaming operator 188BET to relocate its operations back to the Philippines as a “huge vote of confidence”.

188BET announced last week its decision to move its operations from the Isle of Man to the Philippines, with current operator Cube Limited to surrender its Isle of Man license as of 19 March. The company – which was previously based in Makati before exiting the Philippines under the previous administration – will instead be operated by a new Philippine-based company, BestCommerce Corporation, which is licensed and regulated by PAGCOR.

In response, PAGCOR chairman and CEO Alejandro H. Tengco said the move “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.

“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.”

Tengco added that it was PAGCOR’s goal to continue growing the local gaming industry

“Overall, the industry can expect sustained growth in the next five years, with at least one Integrated Resort opening every year beginning this year in Quezon City, to be followed by new IRs in Cebu, Clark and other equally strategic locations,” he said.

“We shall also continue lowering our license fees and modernizing our systems to help realize our vision of making the Philippines the gold standard in gaming in the Asia-Pacific region.”

RelatedPosts

Global operators asked to register interest as New Zealand moves forward with online gambling regulation

Global operators asked to register interest as New Zealand moves forward with online gambling regulation

Tue 24 Jun 2025 at 06:25
Philippine tourist arrivals down 0.5% in 1Q25 on fewer visitors from South Korea, China

Contribution of Philippines tourism industry to national GDP rises to 8.9% in 2024

Fri 20 Jun 2025 at 06:46
Philippines’ maiden PIGO platform generates GGR of US$2.3 million in first six months of operation

DigiPlus appoints new CEO and CDO to drive further online gaming growth

Fri 20 Jun 2025 at 06:44
PAGCOR’s Alejandro Tengco

New luxury hotel with VIP gaming to be built at Manila’s Newport World Resorts as parent AGI outlines latest capital investments

Thu 19 Jun 2025 at 12:29
Load More
Tags: 188BETAlejandro TengcoiGamingPAGCORPhilippines
Share5Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Macau sports betting concessionaire Macau SLOT sees profit grow 32% to US$15.7 million in 2021

Macau sports betting operator Macau SLOT reports US$16 million profit in 2024, new one-year concession granted

by Pierce Chan
Wed 25 Jun 2025 at 14:07

Macau SLOT – Macau’s only sports betting concessionaire – reported a profit of MOP$130 million (US$16.1 million) in 2024, representing a slight 5.5% increase compared to 2023. The company also revealed it has been granted a one-year extension to its...

The Star Sydney’s casino license in limbo as final report from second inquiry handed to regulator

Star Entertainment Group shareholders give approval to AU$300 million Bally’s rescue package

by Ben Blaschke
Wed 25 Jun 2025 at 13:50

Star Entertainment Group shareholders have overwhelmingly voted in favor of an AU$300 million (US$195 million) rescue proposal by US casino operator Bally’s Corp and local investor Investment Holdings. At a General Meeting held on Wednesday morning, 99.36% of eligible shareholders...

Seaport Research: Thai casino regulations won’t be suitable for US operator involvement

Thailand’s move to recriminalize cannabis highlights casino operator concerns over regulatory instability

by Ben Blaschke
Wed 25 Jun 2025 at 05:53

Just weeks after global casino operators outlined the need for regulatory certainty if they are to pursue multi-billion-dollar investment into entertainment complexes in Thailand, their concerns look set to be highlighted by a government move to recriminalize cannabis. Thailand’s Public...

Sri Lankan cabinet approves creation of Gambling Regulatory Authority

Sri Lanka lifts restrictions on import of casino equipment

by Newsdesk
Wed 25 Jun 2025 at 05:46

Sri Lanka’s Committee on Public Finance (COPF) is said to have lifted restrictions imposed on the importation of gaming machines during the recent economic crisis. According to local media reports, casino equipment is among a range of products listed for...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English