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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”.

Frank Schuengel
Frank Schuengel
Frank Schuengel is an online gambling industry veteran with over twenty years of experience in Europe and Asia. Equally at home in the Isle of Man and the Philippines, he started his career as a sports trader before setting up and running whole operations, and more recently focusing on the regulatory and licensing side of things in the worlds of fiat and crypto eGaming. When he is not writing about gambling topics, he can be found cycling around Manila and advocating sustainable transport solutions for a Philippines based mobility magazine.