Casino Plus secures P1-B surety bond through PhilFirst
Casino Plus obtained a P1-billion surety bond from PhilFirst Insurance Corp. to strengthen its compliance and risk management framework for Philippine operations.Summary
Online gaming operator Casino Plus has secured a P1-billion surety bond through PhilFirst Insurance Corp. as part of its compliance and risk management framework for its Philippine operations. The bond serves as a financial guarantee tied to obligations to regulators and players. "Our P1-billion surety bond reflects our commitment to operating with financial discipline, transparency, and accountability," said Casino Plus Chief Executive Officer Evan Spytma. The bond is part of broader safeguards including know-your-customer (KYC) verification procedures, customer support systems, and responsible gaming measures required under existing regulations. Casino Plus operates under a license issued by the Philippine Amusement and Gaming Corp. (PAGCOR). The company did not disclose specific terms governing the bond, including coverage related to player claims or operational liabilities. The Philippine online gaming industry has faced tighter regulatory oversight in recent years as authorities continue to strengthen compliance, anti-money laundering (AML), and consumer protection standards. Casino Plus remains committed to ensuring that players are treated with fairness, security, and care.
(Source：Businessworld Online)