Gaming company Jade Entertainment announced the approval of its Philippine online sportsbook license. As a result, it will launch the Jade SportsBet sportsbook. Also, the sportsbook allows local players to wager on sports.
The online sports betting platform will serve as a bridge between the company’s online and land-based channels. Also, the new online sportsbook allows Jade Entertainment to gain new players. At present, there are a few legal online sportsbooks operating in the Philippines.
According to PPH sportsbook reports, Jade Entertainment is happy that the PAGCOR allows sports wagering to go online in the country. Also, it will enable the gambling operator to gain additional profits.
Philippine Online Sportsbook License
Jade Entertainment hopes that its Jade SportsBet can serve as a lifeline for its land-based operations during the pandemic. According to sportsbook pay per head experts, the company was planning to migrate their land-based operations to the internet before the pandemic. As a result, they were ahead of their competitors. Also, it allows them to give players a digital sports betting experience during lockdowns.
Jade SportsBet at the Okada Manila saw record volumes before the Pacquiao fight this weekend. Also, the sportsbook operator reported that most wagers were in favor of the local boxing legend. According to Jade, the Philippines is the most mature gaming market in Asia. Moreover, it has a wide range of products. Thus, the company is excited to offer a socially responsible and sustainable sports wagering system.
Jade’s online sportsbook license came after PAGCOR approved MegaSportsWorld’s online gaming platform. In the past, PAGCOR wasn’t open to offering online gaming to locals. However, the pandemic hurt the gambling industry. The regulator looked for ways to increase its revenue. Thus, it approved the Philippine Inland Gaming Operators or PIGO. As a result, casino-resort operators can apply for online gambling licenses for their registered members.
Philippine residents can know start reading NFL preseason sports betting guide so that they can wager on football games.