Philippine Online Gambling Firms Launch Urgent PlaySafe Alliance
URGENT UPDATE: A coalition of authorized online gambling operators in the Philippines has just launched the PlaySafe Alliance, a groundbreaking initiative aimed at enhancing responsible gaming practices and player protection. This development comes amid intensifying scrutiny from regulators and lawmakers regarding the future of online gambling in the country.
DigiPlus Interactive Corp., the driving force behind platforms like BingoPlus and ArenaPlus, is a founding member of the alliance, which includes 18 approved gaming operators and a legal advisory firm. The alliance’s mission is to establish common standards focusing on four critical areas: promoting responsible gambling, ensuring compliance with regulations, safeguarding players, and combating illegal gaming activities.
As the Philippines grapples with balancing the economic benefits of regulated online gambling against potential social drawbacks, the formation of the PlaySafe Alliance signals a collective commitment to responsible practices. DigiPlus emphasizes the importance of collaboration over competition within the industry, aiming to protect customers and maintain the integrity of online gaming.
In a statement, DigiPlus Chairman Eusebio Tanco remarked, “We must unite to keep online gaming safe and beneficial for our country.” This sentiment underscores the alliance’s proactive stance as it seeks to address government concerns while promoting a sustainable industry.
The PlaySafe Alliance will also establish strategic committees for each focus area and create an independent advisory board comprising local and international experts. These specialists will provide insights on various topics, from public health to regulatory policies and consumer protection measures.
In a related move, the Bangko Sentral ng Pilipinas (BSP) is finalizing new regulations to bolster financial consumer protections in the realm of online gambling. These new rules will require stricter identity verification, transaction limits, and mechanisms for users to manage their gambling activities effectively.
As the landscape of online gambling continues to evolve, the PlaySafe Alliance represents a significant step toward ensuring that the industry remains responsible and transparent. Stakeholders and the public alike will be watching closely to see how these initiatives unfold in the coming weeks and months.
Stay tuned for further updates on this developing story as the PlaySafe Alliance sets the stage for a new era in responsible online gambling in the Philippines.
