188Bet has made a comeback in the Philippines! This signifies a strong endorsement of the nation’s gaming sector, which has encountered obstacles in the past few years. 188Bet had a presence in the Philippines before relocating its operations to the Isle of Man. Currently, they have returned, establishing themselves under a new Philippine entity known as BestCommerce Corporation. This action was met with enthusiasm by PAGCOR, the Philippine Amusement and Gaming Corporation, who perceive it as an indicator of the industry’s recovery and attractiveness to investors. PAGCOR’s executives highlighted their dedication to fostering a just and trustworthy atmosphere for gaming enterprises, assuring 188Bet and other prospective investors of equitable opportunities. This comeback marks a favorable transformation in the Philippines’ gaming scene, hinting at a promising future for both operators and the country’s financial well-being.
The head of PAGCOR foresees consistent expansion in the Philippine gaming sector over the coming five years. He projects a minimum of one new integrated resort (IR) launch annually, commencing with Quezon City this year, succeeded by Cebu, Clark, and other desirable locales.
Moreover, PAGCOR intends to fully relinquish its casino holdings within the same period. This move will enable them to transform into a solely regulatory entity, concentrating on supervising industry development and drawing in additional investments.