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BUSINESS

Gaming firm launches surety bond for user protection

DT

Casino Plus, a digital gaming platform licensed by the Philippine Amusement and Gaming Corporation (PAGCOR), announced the rollout of a P1 billion surety bond program to protect user funds.

The initiative, effective 15 December 2025, guarantees protection for confirmed deposits and verified balances for all registered users, backed by PhilFirst Insurance Company, Inc. PhilFirst is the Philippines’ first domestic insurer.

“The 1-Billion Peso Protection Program reflects Casino Plus’ long-term commitment to user safety,” said Evan Spytma, CEO of Casino Plus. “We want every user to feel protected while enjoying a secure gaming environment.”

It added that the surety bond-backed protection program represents one of the largest financial safeguards implemented in the Philippine online gaming industry. The protection applies to accounts that comply with platform rules, PAGCOR regulations, and relevant laws.

The company stressed that by implementing the bond, it aims to reinforce user confidence and demonstrate a commitment to responsible operations and proactive risk management, setting an example for ethical conduct in the digital gaming space.

The rollout coincides with the peak holiday season, when online entertainment activity is typically at its highest level. In addition to financial safeguards, the platform underscored its ongoing advocacy for responsible gaming practices and safe digital engagement.