The competitive nature of sports booking platforms around the globe is a good thing because it ensures the delivery of top-notch services to customers. The segment’s dynamic nature continues to inspire great hope, and as matters stand, there is great hope, especially in the Philippines.
OkBet has risen to become one of the fastest-growing sports booking platforms in the Philippines, and analysts believe it is unstoppable!
Success doesn’t come easy. It is never a walk in the park, and OkBet is a testimony to this assertion. Because while it has found success, it is still on its way to the top.
But one strategy it implemented to have its name be heard by many is by striking a partnership. A collaboration with the professional basketball league Maharlika Pilipinas Basketball League (MPBL), not once, but twice.
Philippine sportsbook OkBet isn’t leaving anything to chance, especially when it comes to setting goals and achieving them. The competition continues to grow fierce out there, but the game plan remains the same: proper strategy and consistency.
As a result, the platform was recognized as one of the best online sports betting companies during the 2023 Asia Gaming Awards, being nominated for the Best Online Sports Betting Solution.
An Ally to Improve the Philippine Economy
Online casinos in the Philippines like OKBET, have a terrible aftertaste among Filipinos due to their “harmful” effects. However, there is a reason why the government allows gambling in the country—the revenue it generates.
Since Covid-19 struck not just the country but the whole world in particular back in 2020, economies have been devastated, especially among Third World countries like the Philippines. One of the heavy contributors of income was casinos, and it also did not escape the wrath of the coronavirus.
At the height of the pandemic, profits went down by 83.8%—its lowest. The gaming industry only generated P1.57 billion, not even close to its P30 billion income in 2019. Covid-19 was the main reason establishments, including casinos, took a years-long hiatus, locking people in their homes.
But while the whole populace is stuck in their homes, online platforms started popping like mushrooms. Covid-19 became the gateway for digital spaces to emerge in what we call the “new norm.”
It is also the chance that online casinos in the Philippines needed as many gambling operators started venturing into the digital industry. It quickly became the trend, and in just one year, or exactly in 2021, the Philippine Amusement and Gaming Corporation (PAGCOR) posted a gross gaming revenue (GGR) of P34.48 billion.
We can attribute this huge jump—from just P1.57 billion—to P34.48 billion due to operators like OkBet, which willingly invested resources into the latest technologies, improving the user experience even further.
Essentially a virtual sportsbook, it also took extra steps by opening two physical betting stations in Dexin Tower and Newport World Resorts in Pasay City. Clients can personally deposit, place wagers, and withdraw winnings.
New OkBet users can also visit these betting stations to have their accounts verified.
These outlets not only provide ease of access. It also helps generate job opportunities for Filipinos. Soon, more betting stations will be opened nationwide to give Filipino workers more opportunities.
A Close Focus on Compliance
Any forward-thinking business entity understands the importance of compliance and that it needs accreditation from its governing body. And that is what OkBet did, seeking a proper license from the Philippine Amusement and Gaming Corporation (PAGCOR), making it one of the few licensed gaming operators in the country.
With the proper licensure, it guarantees its players that it is a trusted partner of the government, contributing to the revenue generated by the gaming industry. Also, by securing authorization to operate, it becomes an ally of the administration in its efforts to promote problem gambling awareness, hoping to mitigate gambling addiction in the country.
Not only it helps the government through revenues, but OkBet also implements its initiatives to help Filipinos. The company conducts its own efforts in assisting Filipinos to achieve their athletic dreams by launching its Play it Forward campaign, along with other projects that are in collaboration with the LGUs.
OkBet is a law-abiding entity, and it continues to uphold the same spirit moving into the future. Since receiving accreditation, it continues to comply with all the regulations and state laws while promoting regulated gambling nationwide.
A Focus on Safety, Innovation
Feeling safe is important to everyone, and providing a secure gaming platform is a priority for any gaming provider. OkBet is an innovative platform, a prime example that other gaming operators should follow.
To ensure safety among its users, it implements the Know Your Customer (KYC) verification process that serves as protection not only for the players but also for the company itself.
It uses state-of-the-art random number generators (RNGs) and one of the most advanced Secure Socket Layer (SSL) for a fair and seamless gambling experience. Live streaming technology was also put into good use, launching interaction with dealers of live games to keep the vibe of an actual casino.
Additionally, OkBet implemented various secure payments, allowing players to deposit and withdraw funds using e-wallets and wireless bank transactions.
To provide ease of access, the platform developed its own application containing all of its website’s features and services, which can be downloaded from the Apple App Store or the Google Play Store.
OkBet made its promise to continue making new strides in the local gaming industry. It continues to develop new ways to keep people entertained and, at the same time, generate revenue for the government.
With its constant rise, the platform has new milestones to hit while exuding confidence in its workforce.
