Philippine Amusement & Gaming Corporation (PAGCOR) has finally had time to spare after experiencing various issues with offshore operators related to fighting crime and successfully increasing its gaming revenues after the pandemic. , seems to have been able to make the plan a reality.
In early 2024, the regulator plans to launch its own online casino.
new online adventure
On Thursday, July 7th, the regulator decided to announce its plans to the public.The casino will be launched under the renowned Casino Philippines brand and players around the world will be able to enjoy some of the most popular games on the casinofilipino.com website.
With the online casino opening scheduled to be completed in the first quarter of 2024, PAGCOR plans to bring the entire gaming experience as close as possible to land-based casinos.To achieve this, regulators use virtual reality-based technology.Players can experience the sounds and sights of an actual casino, making the overall gaming experience as reminiscent of a traditional land-based casino as possible.
PAGCOR CEO and Chairman Alejandro Tenco said:
“Players will be able to interact with the digital version of traditional casino games. It will also transcend physical boundaries and allow users from all over the world to interact and participate in a virtual environment. , we can make a presence in the virtual community of avid gamers, as well as an opportunity to reach new markets and diversify our customer base.”
According to sources, Tengco is positive that the development of online casinos will be of great benefit to the overall market as revenues will grow and the market will be able to reach new customers and expand further.Moreover, the costs required for this project are small compared to existing casinos, so the cost savings are not negligible.
It remains to be seen whether PAGCOR will become the owner of casinofilipino.com or stick with plans to sell the casino and give it to the company in a few years.
New tweaks and improvements
Going forward, PAGCOR will focus on upgrading its slot machines, making them more modern in line with the current market growth.Initial work has already begun and 3500 old machines will be replaced with new ones.Besides the machines, PAGCOR will work on developing information technology programs and systems to improve the regulator's casino management system.
Tengco commented:
"The system will improve PAGCOR's casinos in terms of increasing operational efficiency, enhancing the customer experience, facilitating real-time reporting and analytics, preventing security and fraud, optimizing financial management and streamlining compliance requirements. will play a very important role.”
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