OKBET Philippines leads in online gaming
OKBET UPDATE : Player confidence in the Philippine gaming industry is slowly returning to its pre-pandemic levels. Thanks to the support and encouragement of the Philippine Amusement and Gaming Corporation (PAGCOR), accredited gaming firms like OKBET. OKBET Philippines gained confidence to invest and generate the needed local employment that also redounds to the Philippine economy.
PAGCOR has estimated that the Philippine gross gaming revenues (GGR), the amount players wager minus winnings, will hit Php 256 billion in the year 2026 with land-based casinos seen contributing Php 146 billion.
The Philippine regulator’s projection reflects the recovery path of other Southeast Asian gambling hubs like Singapore and Macau that still have strict anti-COVID policies.
According to Inside Asian Gaming, the Philippines’ licensed casinos generated gross gaming revenue of Php30.15 billion (US$577 million) in the three months to 31 March 2022, up 29.6% over 1Q21 and 14.6% higher than the December 2021 quarter according to information released by PAGCOR.
Total industry GGR also increased by 30.4% year-on-year and 13.4% quarter-on-quarter to Php39.15 billion (US$749 million) in 1Q22.
The improved performance follows the easing of most COVID-19 restrictions across the Philippines, with borders reopened to international tourists in February, capacity restrictions eased in March and all lockdowns dropped in April.
With the impact of the COVID-19 pandemic on businesses subsiding, Manila’s four integrated resorts – City of Dreams Manila, Okada Manila, Resorts World Manila and Solaire Resort & Casino – generated GGR of Php26.89 billion (US$515 million) in Q1 compared with Php23.81 billion (US$456 million) in the December quarter.
They also showed strong monthly progress throughout the quarter, with GGR of Php8.03 billion (US$154 million) in January rising to Php9.31 billion (US$178 million) in February and Php9.56 billion (US$183 million) in March.
Casinos in Clark generated GGR of Php3.01 billion (US$58 million), representing a 60.1% year-on-year increase and 30.9% higher than 4Q21.
PAGCOR operated casinos also saw slight increases both annually and sequentially to Php2.62 billion (US$50 million).
PAGCOR’S Licensing and Regulatory Group said in a statement that bringing back the confidence of players is difficult. Nevertheless, the PAGCOR-accredited and licensed online gaming platforms of OKBET PH helped regain player enthusiasm and confidence in spite of the persisting threat of the COVID pandemic.
OKBET PH: Registered Trademark, PAGCOR-Regulated
Recognized and regulated by no less than the PAGCOR, OKBET Philippines was built by the diversified Ekxinum Inc. in the last quarter of 2021. The company has overarching interests in online gaming systems, real estate management and VIP clubs.
Competitors had been trying to imitate the OKBET brand name, but they could not copy the OKBET logo, its true meaning, form and nature, which is embedded in the company culture and mindset.
The OKBET Manila’s Official Logo and Trademark Differentiates Our Work and Commitment
The 3D Sphere Elements in the letter O stands for OKBET’s innovation-first mindset that explains the company’s goal to always upgrade and be ahead in terms of securing the platform to the benefit of customers and shareholders alike.
The letter K in our name, OKBET , signifies the rooster’s fighting and competitive nature, which allows us to meet not just the key projection targets and margins set but in striving to improve all the other aspects of delivering key services for members of the OKBET Manila’s gaming community.
The number 1 embedded in “B” explains the company’s long term vision to be Number 1 in all aspects of the company’s operations.
OKBET Manila Uses Only The Advanced and Secured Gaming Platforms
In just a short period of time, OKBET’s gaming platforms became instant favorites among gamers online because of the consistent security software upgrades and maintenance done by our team of experts. OKBET has strict KYC and data security protocols and impenetrable cloud solutions for client-gamers and stakeholders.
Client-gamers and stakeholders can easily access their profiles, see the status of their placed bets and even immediately withdraw their hard-earned winnings without delays. And this can be done whether online through a desktop or laptop or through the mobile app. The OKBET mobile app is a treat for gaming aficionados because it is available in the IOS and Android versions suitable to their preferred mobile units.
The OKBET Live Chat support is available 24/7 to answer all types of queries whether this is regarding how to sign-up, how agents are qualified, how winnings could be withdrawn by simply using OKBET GCash, OKBET Dragonpay, among other easy and accessible modes of payment accepted in all the OKBET platforms.
One of the first and reliable OKBET platforms is the sports betting site, OKBET.com. The well-trusted platform has gained followers because of its wide array of online and retail sportsbooks made easily accessible through the OKBET app. The OKBET platform, which is mobile friendly on the app offers live betting, single-game wagering, parlays and many more.
One of the top platforms of OKBET is its OKBET Casino.Live, which is a first of its kind in the Philippines. Gamers who miss the gaming tables and a win-win chat with their dealers will enjoy the OKBET Casino.Live platform.
Active and occasional casino players in the Philippines were confined and restricted because of the persisting threat of the Coronavirus (COVID-19) pandemic. OKBET Philippines, the PAGCOR accredited and gaming authority in the country nowadays, wants to bring the enthusiasm and lively energy back to gaming enthusiasts with no less than a secured OKBET Casino Live platform.
The Philippine market is ready for OKBET Casino Live’s interactive and immersive live dealer games. Gamers can rely on OKBET Manila as it introduces one of the most advanced gaming platforms in the industry by securing its players and dealers with all the safety features they require. What sets the OKBET Manila’s advanced software apart from the rest of the industry? The OKBET app provides online live players the realistic atmosphere as if you are right there chatting with the dealers while you engage other players in a conversation as you play blackjack, baccarat or roulette or any of your favorites.
OKBET 2022 Creates The Ultimate Gaming Multiverse of Excitement
OKBET Philippines was created with the player in mind because it is a platform made by players and gamers themselves. Focused. Passionate. Driven. Committed to Reach the Ultimate Goal. The team behind OKBET PH understands how the victories in any sports arena or gaming tables are won by sheer will and not dwelling on their mistakes and losses.
OKBET PH wants the player and gamer to own the win of their favorite teams in the Maharlika Pilipinas Basketball League (MPBL), the Philippine Basketball Association (PBA), the National Basketball Association (NBA), the American Football League, the European Soccer Federation and even the individual tennis stars, who compete globally.
To take part in the OKBET win means sharing research, insights and predictions based on reliable statistical data and analyses featured in OKBET Blogs. The OKBET platform also has the daily latest news updates to appraise members and gamers about their favorite teams and players especially with trade ins and team movements before the start of the season.