Tag Archives: Philippines

EveryMatrix doubles Q1 EBITDA as igaming tech’s fastest growing player

SBC News EveryMatrix doubles Q1 EBITDA as igaming tech’s fastest growing player

EveryMatrix has declared a stellar opening to 2024 trading, maintaining its position as ‘the iGaming sector’s fastest growing technology firm’. Publishing a Q1 update this morning, EveryMatrix declared that it had achieved a ‘16-year quarterly high‘ across financial metrics and corporate KPIs. Headline growth saw EveryMatrix achieve corporate net revenues of €39m, up 66% year-on-year from Q1 2023 results of …

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Delasport to serve Philippines market via new OKBET collaboration

SBC News Delasport to serve Philippines market via new OKBET collaboration

Igaming supplier and software developer Delasport has announced today the signing of a new sports deal with OKBET, one of the leading operators in the Philippines. Under the terms of the deal, it will supply sports services to its new partner with a view, it said, to “enhancing the experience of sports bettors in the Philippines even further”. OKBET currently …

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Philippines’ PAGCOR to implement 5% GGR remittance reduction from April 

BetConstruct ventures to the Philippines with Jade SportsBet deal

Alejandro H Tengco, the Chair and CEO of the Philippine Amusement and Gaming Corporation (PAGCOR), has announced the reduction of gross gaming revenue (GGR) remittance rate for online and on-site betting.  The changes by the state gaming regulator are expected to come into force on 1 April with the goal of attracting more foreign investments into the Philippines’ gaming sector.  …

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Philippines bust 12 people in alleged illegal gambling circle

SBC News Philippines bust 12 people in alleged illegal gambling circle

The Philippine Amusement and Gaming Corporation (PAGCOR) has arrested 12 people on suspicion of illegal online gaming operations. With the conclusion of a month-long investigation, PAGCOR Chairman and CEO, Alejandro H. Tengco, announced that the suspects were apprehended in Parañaque City with the help of the National Capital Region Police Office and the cybercrime unit of the Philippine National Police. …

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188BET to shift operations from Isle of Man back to the Philippines

SBC News 188BET to shift operations from Isle of Man back to the Philippines

188BET has announced that it is shutting down its operations in the Isle of Man as it shifts to the Philippines, changing its regulatory jurisdiction.  The operator has emphasised that during the transition it will ensure ‘responsible gambling practices and continuity’ by offering players options and enhanced services under the framework of the Philippine Amusement and Gaming Corp (PAGCOR). The …

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Philippines sets 2024 as deadline to come out of FATF ‘grey listing’

SBC News Philippines sets 2024 as deadline to come out of FATF ‘grey listing’

The Philippines is targeting 2024 as a deadline to become delisted from the ‘grey list’ of the Financial Action Task Force (FATF). All remaining shortcomings are to be addressed by the relevant government agencies in the country, as well as the Anti-Money Laundering Council (AMLC) of the Philippines, by order of President Ferdinand R. Marcos Jr. A government press release …

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SIS expands reach in Philippines with Jade SportsBet greyhound deal

SBC News SIS expands reach in Philippines with Jade SportsBet greyhound deal

SIS (Sports Information Services) has announced an agreement with Philippines-based Jade SportsBet, as the operator integrates the supplier’s greyhound racing content. Jade SportsBet is now live with SIS’ offering 38,000 of greyhound races annually from the UK, Ireland and Mexico. Joe Andrews, Head of Sales at SIS, stated: “Partnering with Jade SportsBet is another important step forward in our efforts …

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PAGCOR reorganisation points towards casino sell-off

SBC News PAGCOR reorganisation points towards casino sell-off

Speculation surrounding the future of the Philippine Amusement and Gaming Corp (PAGCOR) has intensified as the government evaluates plans to privatise the state-owned gambling operator and regulatory body. News sources in Manila report that the government of President Ferdinand “Bongbong” Marcos seeks to ‘reorganise PAGCOR’ by divesting its casino properties “whilst maintaining its regulatory and licensing functions”.  Dealmakers supporting the …

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Winning Post: How will China choose to control its ‘opium for the mind’

SBC News Winning Post: How will China choose to control its 'opium for the mind'

Regulus Partners examines the Chinese government’s crackdown on offshore gambling and real-money games, fulfilling its wider determination to control consumer behaviour and how CCP actions will impact the sector’s regulatory outcomes across Asia.    China’s nineteenth-century battles with opium are one of the generally lesser-known but more profound undercurrents of modern history. Two wars with Britain were fought and lost, …

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Revamped website to support Golden Race’s global growth

website

Golden Race has backed up a recent bid for global growth, which has seen it gain both a UK supplier licence and associate membership to NASPL in North America, by launching a new website to provide clearer information for prospective customers, partners and media organisations across target territories. Having made its name through a popular range of products across emerging …

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