The pause in operations was enacted in May when the company notified its customers that Jade SportsBet was undergoing “system maintenance” and that player transactions were temporarily unavailable. The company is one of 22 Philippine Amusement and Gaming Corporation (PAGCOR)-listed companies licenced to operate sports betting in the Philippines.
One of the significant updates during the pause was the increase in Jade SportsBet’s PAGCOR Security Bond, which rose from PHP15 million to PHP25 million (€235,752 to €392,920).
“At Jade SportsBet, we prioritize responsible gaming and satisfaction of our customers. The increase in our PAGCOR Security Bond is a testament to our dedication to providing a secure and reliable platform,” said Joe Pisano Founder and CEO of Jade SportsBet.
“We have used this downtime efficiently to discuss and plan our product offerings with our platform provider BetConstruct, who was just awarded the Global Gaming Award for Best Sportsbook Platform at the recent Awards Ceremony in Manila.”
Jade will also be powering Nustar’s SportsMaxx user interface, which allows for Nustar to focus on marketing and Jade to provide a “best in class” platform and enhanced trading services.
Jade SportsBet continues to uphold the highest standards of responsible gaming, ensuring a safe and enjoyable environment for all users. The company remains committed to compliance with all regulatory requirements and to promoting responsible gaming practices.
Source: GMB
