188Bet has returned to the Philippines! Following their relocation from Makati during the Duterte era, the company has opted to come back, demonstrating a significant show of support for the nation’s current trajectory.
The Philippine Amusement and Gaming Corporation (PAGCOR) expresses great enthusiasm in welcoming them back. This action serves as a substantial indicator that the gaming sector perceives the Philippines as a favorable environment for conducting business once more. With a fresh administration in place and PAGCOR implementing constructive reforms, the Philippines is poised to embrace a flourishing and investor-welcoming gaming industry.
Alejandro H. Tengco, the Chairman and CEO of PAGCOR, views this as a massive endorsement. He conveyed reassurance to 188Bet and other prospective investors, emphasizing PAGCOR’s dedication to impartiality, equitable opportunities, and a dependable regulatory structure.
Operating under their recently established Philippine entity, BestCommerce Corporation, 188Bet will hold a full license from PAGCOR. This initiative aligns seamlessly with PAGCOR’s endeavors to attract gaming investments to the Philippines.
The head of PAGCOR foresees consistent expansion for the Philippine gaming sector in the coming five years, anticipating a minimum of one new Integrated Resort (IR) launch each year. Quezon City is projected to lead the way, succeeded by Cebu, Clark, and other desirable sites.
He further revealed PAGCOR’s intention to completely relinquish its proprietary casino enterprises within the same period. This move will enable the organization to dedicate its full attention to overseeing the sector, nurturing its development, and enticing additional investments.