Jade Entertainment receives licence for online betting in the Philippines
As a result, players will be able to use Jade Entertainment’s online platform through sportsbooks for the first time in the Philippines.
RPM Gaming has provided operation consultation and software to Jade Entertainment for the launch.
“We’re naturally delighted that PAGCOR has regulated to allow sports betting to go online in the Philippines, and that their flexible foresight in adapting to the ongoing challenges of the pandemic has resulted in this landmark licence for Jade SportsBet and our progressive portfolio of local retail partnerships,” said Joe Pisano, CEO of Jade Entertainment.
Players will be able to place pre-game and in-game bets on sports like basketball, tennis, football and boxing.
Pisano continued, “Although the migration from land-based to digital was already apparent before the coronavirus outbreak, Jade’s intersectional expertise, groundbreaking technology and trading teams have really put us in the driver’s seat for giving customers the sports betting experience they’ve been craving throughout recent lockdowns.”
Earlier this year, PAGCOR permitted an online license for Okada Manilla. Previously, Philippine operators were only permitted to offer online gambling outside of the country.
In July, Philippine president Rodrigo Duterte suggested that gambling should be encouraged, reversing his previous stance on the subject, in order to recover money lost during the novel coronavirus pandemic.