Casino Plus secures P1B surety bond for player protection in the Philippines
Casino Plus obtained a P1-billion surety bond from PhilFirst Insurance to enhance player protection and regulatory compliance.Summary
Online casino platform Casino Plus announced on Monday that it has secured a P1-billion surety bond from PhilFirst Insurance. This financial measure aims to bolster player protection and ensure the company can fulfill its obligations as it operates under the regulatory framework of the Philippine Amusement and Gaming Corp. (PAGCOR). CEO Evan Spytma emphasized that the bond demonstrates the company's commitment to financial discipline, transparency, and accountability. He noted that the move reflects the industry's response to the public's growing caution regarding their finances. Additionally, Casino Plus reiterated that gaming should not be viewed as a source of income or a means of financial relief, as outcomes are determined by chance.
(Source：Gma News Online)