PAGCOR officially lifted the suspension on Jade SportsBet’s operations after Jade Entertainment and Gaming Technologies Inc. fully settled its PHP10 million performance cash bond. As a result, the sportsbook can now resume its services in the Philippines.
On Tuesday, Jade founder Joe Pisano confirmed the update, stating, “Jade SportsBet has been given the go-ahead for reactivation.” With this confirmation, the company reaffirmed its commitment to regulatory compliance.
However, despite the clearance, the site still displayed a maintenance advisory as of Wednesday morning. When accessed from the Philippines, the platform showed a notice stating that the system remained under maintenance and that all player transactions were currently unavailable. Therefore, players will likely need to wait a bit longer for full functionality to return.
In a formal letter issued Tuesday, PAGCOR’s Electronic Gaming Licensing Department verified that Jade Technologies settled the outstanding balance and complied with all regulatory obligations. This confirmation followed a May 21 notice that temporarily halted Jade SportsBet’s operations due to the missed bond payment.
Previously, on May 24, Pisano admitted that Jade Gaming missed the May 19 payment deadline. Nevertheless, he expressed confidence that the firm would complete the payment within seven days—and ultimately, the company delivered on that promise.
Furthermore, PAGCOR acknowledged that Jade met the performance deposit obligations outlined in the “Regulatory Framework for the Accreditation of Service Providers and Processing of System-related Requests.” Consequently, PAGCOR lifted the suspension effective immediately, clearing the way for Jade SportsBet to return to the Philippine market without restrictions.
Ultimately, the resolution highlights PAGCOR’s commitment to enforcing regulatory standards while giving compliant operators a clear path back to market activity.
