Jade SportsBet resumes operations after temporary pause

Jenny Ortiz July 23, 2024

SiGMA news

Jade SportsBet resumes operations after temporary pause

After a brief pause, Jade SportsBet is back online. In a press release, Jade Entertainment and Gaming Technologies said the downtime allowed the company to enhance its product offerings, ensuring a better experience for its patrons. A notable change is the introduction of the lowest minimum bet of PHP10 (€0.16), making the platform more accessible to a wider audience.

The development was first shared with SiGMA News by Joe Pisano, Founder and CEO of Jade Entertainment and Gaming Technologies. 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.

Increased PAGCOR Security Bond

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 prioritise responsible gaming and (the) satisfaction of our customers. The increase in our PAGCOR Security Bond is a testament to our dedication to providing a secure and reliable platform,” Pisano said in a statement.

Collaboration with BetConstruct

During the downtime, Jade SportsBet said it also took the opportunity to discuss and plan its product offerings with BetConstruct, its platform provider. BetConstruct was recently awarded the Global Gaming Award for Best Sportsbook Platform at a ceremony in Manila.

“We have used this downtime efficiently to discuss and plan our product offerings with our Platform Provider BetConstruct,” Pisano stated.

Powering user interface and commitment to responsible gaming

Jade SportsBet will also power Nustar’s SportsMaxx user interface, allowing Nustar to focus on marketing while Jade provides a best-in-class platform and enhanced trading services. This collaboration aims to offer a superior gaming experience to users.

Jade SportsBet said it 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 promoting responsible gaming practices.

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