Openbet rolls out fixed odds games in Philippines

Philippines gaming operator Pagcor has expanded the range of products available via its gaming terminals with the addition of over 60 fixed odds games from Openbet.

The Openbet fixed odds games, known locally as Instawin, are supplied under an agreement between Openbet and Singapore based Pacific Gaming Investments (PGI), which in turn supplies Pagcor.

Over 60 Openbet games, including popular titles such as Cash Drop, Lucky Reactors and Caddy Scratch, have gone live on the internet connected terminals, which until now have only offered sports betting.

Openbet says it will add further titles to the line up in future, as well as expanding the reach of the titles to over 500 terminals by the end of 2012, with further deployments planned thereafter across the Philippines.

According to a recent gaming report by PwC, the Asia Pacific region’s total gaming revenue is expected to top US$67.0bn by 2013.

“The Asian market is a fast growing, important market with an ever-evolving regulatory environment,” said Openbet chief executive David Loveday. “This supplier agreement gives us a first-mover advantage with one of the Philippines’ early licence holders. As the gaming industry in this region develops and grows, so too will OpenBet through this key partnership with PGI.”

PGI director Carl Wahlin added: “When undertaking any form of internet-based gaming in a market where regulation is at an early stage, it is imperative that you surround yourself with suppliers that understand the legal boundaries.

“When choosing a partner to supply our Instawin fixed odd games, OpenBet was the natural choice. They are a market leading software supplier with an unquestionable reputation for probity and we look forward to working with them going forward.”