The Philippine and Amusement Gaming Corporation (PAGCOR) has officially named MegaSportsWorld their sports betting provider.
MegaSportsWorld (MSW) has been the domestic sports betting option in the Philippines since 2009 when they first launched under a PAGCOR license. Since then, they have grown to include over 100 additional locations throughout the Philippines.
According to Inside Asian Gaming, MSW is now fully accredited to provide sports betting systems to all of PAGCOR’s retail establishments. This means MSW can provide services to PAGCOR casinos, eCasinos, eBingo outlets, slot machine arcades, poker rooms, sports bars, and any other PAGCOR regulated entity.
Even though MSW was licensed and operating before this new license, they were contained to their own bet shops, mobile app, and only a few PAGCOR casino locations for the most part. Now they will be allowed into additional PAGCOR regulated and owned casinos, poker rooms, and more.
In the Philippines, PAGCOR regulates the gaming industry, collects licensing fees, and creates revenue for the government. In 1975 Presidential decree 1607-A formed the corporation and defined its purpose. Since then, gambling in the Philippines has expanded substantially and is now a driving economic force for the islands.
In addition to domestic casinos and sportsbooks, Filipinos also have access to offshore online sportsbooks and other gambling services. Offshore gambling sites offer more national sports betting lines, bonus offers, and domestic events that are restricted from domestic services.
In recent years PAGCOR has toughened up on offshore operators and domestic betting services due to President Rodrigo Duterte’s dislike for gambling. In 2017 PAGCOR started issuing POGO licenses to domestic operators servicing offshore markets.
With this new MSW license, it would leave one to believe that the state-owned gaming regulator might have plans to expand sports betting across the Philippines.