Casino Plus secures P1B surety bond for player protection in the Philippines

Online casino platform Casino Plus on Monday said it has secured a P1-billion surety bond from PhilFirst Insurance to boost player protection and uphold its obligations, as the Philippines continues to face rising costs.


The company did not elaborate on details of the surety bond, but said this would ensure that the company would be able to fulfill its duties as it operates within the regulatory framework of the Philippine Amusement and Gaming Corp. (PAGCOR).

“Our P1-billion Surety Bond is proof that we take player protection seriously. It reflects our commitment to operating with financial discipline, transparency, and accountability,” Casino Plus chief executive officer Evan Spytma said in an emailed statement.

“We understand that Filipinos are being more careful about where their money goes,” he added.

In the same statement, Casino Plus reminded the public that gaming should not be considered a source of income or a means of financial relief, as gaming outcomes are determined by chance. –NB, GMA News