Casino Plus secures P1-B surety bond through PhilFirst

ONLINE GAMING operator Casino Plus said it secured a P1-billion surety bond through PhilFirst Insurance Corp. as part of its compliance and risk management framework for its Philippine operations.

In a statement on Monday, Casino Plus said the bond serves as a financial guarantee tied to certain obligations to regulators and players under its operating framework.

“We understand that Filipinos are being more careful about where their money goes. Our P1-billion surety bond reflects our commitment to operating with financial discipline, transparency, and accountability,” Casino Plus Chief Executive Officer Evan Spytma said.

The company said the bond forms part of its broader compliance safeguards, which include 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 the extent of 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 for digital gaming platforms.

Separately, the Philippine Statistics Authority (PSA) reported that inflation accelerated to 7.2% in April 2026 from 4.1% in March, adding pressure on household spending and discretionary consumption.

“Casino Plus remains committed to ensuring that players are treated not only as users, but as individuals who deserve fairness, security, and care,” the company said. — Alexandria Grace C. Magno