{"id":777013413,"date":"2024-02-23T08:29:32","date_gmt":"2024-02-23T11:29:32","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013413"},"modified":"2026-04-22T12:42:24","modified_gmt":"2026-04-22T15:42:24","slug":"188bet-migrates-operations-from-the-isle-of-man-to-the-philippines","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/188bet-migrates-operations-from-the-isle-of-man-to-the-philippines","title":{"rendered":"188BET migrates operations from the Isle of Man to the Philippines"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">PAGCOR&#8217;s chairman and CEO, Alejandro Tengco, welcomed the move as a \u201cvote of confidence\u201d in the country\u2019s igaming framework and growth potential.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">The Philippines.-<strong>\u00a0188BET<\/strong>, an online gaming provider, has announced it will move its operations from the Isle of Man to the Philippines, starting on March 19.\u00a0The current operator, Cube Limited, said in an email to customers that it would surrender its licence from the Isle of Man Gambling Supervision Commission (IoMGSC). <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BestCommerce Corporation from the Philippines will take over the operations of 188BET under\u00a0a new licence issued by the Philippine Amusement and Gaming Corp (PAGCOR).\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PAGCOR&#8217;s chairman and CEO,\u00a0<strong>Alejandro Tengco<\/strong>, said the decision was a \u201cvote of confidence\u201d in the country\u2019s igaming framework and growth potential.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He said: &#8220;We would like to assure 188BET and other potential investors that PAGCOR shall continue to be fair to everybody and that there will be a level playing field with a predictable and dependable regulatory framework.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PAGCOR <a href=\"https:\/\/focusgn.com\/asia-pacific\/pagcor-to-launch-online-casino-in-2024\" target=\"_blank\" rel=\"noreferrer noopener\">plans to launch its own online casino<\/a>\u00a0for Casino Filipino,\u00a0<strong>PAGCOR\u2019s chain of 43 casinos<\/strong>\u00a0this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PAGCOR&#8217;s chairman and CEO, Alejandro Tengco, welcomed the move as a \u201cvote of confidence\u201d in the country\u2019s igaming framework and growth potential.<\/p>\n","protected":false},"author":176,"featured_media":777005940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"188BET, operated by Cube Limited, is relocating its iGaming operations from the Isle of Man to the Philippines, effective March 19, under a new license issued by the Philippine Amusement and Gaming Corp (PAGCOR) to BestCommerce Corporation. PAGCOR's Chairman and CEO, Alejandro Tengco, hailed the move as a significant vote of confidence in the country's iGaming framework and growth potential, assuring a predictable and dependable regulatory environment.","focusai_entities":"188BET, Cube Limited, Isle of Man Gambling Supervision Commission, BestCommerce Corporation, Philippine Amusement and Gaming Corp, PAGCOR, Alejandro Tengco, Casino Filipino","focusai_location":"Isle of Man, Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.95), operator_casino (0.9), marketing_crm (0.75), payments_fraud_aml (0.85), investor_analyst (0.95), supplier_vendor (0.88), journalist_researcher (0.92)","focusai_suggestions":[{"label":"Philippines Regulatory Advantages?","query":"What specific regulatory advantages or operational efficiencies did 188BET identify in the Philippines compared to the Isle of Man, prompting this significant jurisdictional shift?"},{"label":"PAGCOR Dual Role Impact?","query":"How will PAGCOR's dual role as both regulator and operator (with its own planned online casino) impact the 'level playing field' and competitive neutrality for B2C licensees like BestCommerce Corporation?"}],"footnotes":""},"categories":[157,16333],"tags":[],"class_list":["post-777013413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777013413"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013413\/revisions"}],"predecessor-version":[{"id":777013431,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013413\/revisions\/777013431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777005940"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}