PAGCOR —the state-run Philippine Amusement and Gaming Corporation— issued its first online bingo license. The recipient of the first Traditional Online Bingo (OTB) license is the holding company Leisure & Resorts World Corporation (LRWC)a company listed on the Philippine Stock Exchange working in the gaming and hospitality sectors.
The award of the license will allow the company to offer bingo games on both onsite and offsite platforms.. The group is known nationwide for a wide variety of products, including Bingo Bonanza rooms.
“One of the company’s main strategies is to strengthen online platforms to provide more and better gaming opportunities. to customers during the pandemic and beyond,” LWRC President Andy Tsui said in a press release, according to business seeker. “OTB is a great way to enjoy bingo from the comfort of home without having to miss the social interaction and have the chance to win huge prizes.”
Finish the old and make way for the new! 😉
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—Bingoplus (@Bingoplusph) January 25, 2022
The company will soft launch OTB through a new brand called BingoPlus, under its subsidiary AB Leisure Exponent Inc. (ABLE). According to the company, this “innovative game” is set to transform the way traditional bingo is played “by combining the excitement of the old with the convenience of new technology”.
The new product is in line with LRWC’s key strategy to expand its reach through online platforms, and OTB is expected to become one of the main sources of revenue for the company in the futurethe company explained in a statement to the Philippine Stock Exchange on Thursday.
“More bingo customers are expected to sign up as the game is easily accessible online via streaming and can also be played on-site initially at 18 traditional Bingo Bonanza bingo halls in Metro Manila and other provincial areas” , said LRWC.. The company also plans to expand OTB’s on-site offering into other traditional bingo venues nationwide.
The company describes traditional online bingo as ‘the perfect alternative’ for those who enjoyed playing social bingo before lockdown, as it allows players to enjoy bingo from the comfort of their own home. “The social aspect is still there,” the company claims, through online bingo chat rooms where players can “enjoy good banter with other participants.”
While the company sees OTB as a golden opportunity to grow the popularity of bingo through the online space, LRWC remains committed to “examining the possibility of extending the OTB to other on-site branches” of Bingo Bonanza, Bingo Boutique and Gamezone under the Bingoplus brand.