Casino Gaming Supplier FBM Announces $10 Million Investment in New Software House in Manila

Casino gaming supplier FBM has committed to investing $10 million in a new software house located in Manila. This announcement marks a significant step in FBM’s strategy to strengthen its presence in the local market.

According to an AGBrief article published on September 26, 2024, the decision was unveiled during a visit by a delegation from the Philippine Amusement and Gaming Corporation (PAGCOR) to one of FBM’s software facilities in Porto, Portugal.

FBM, known for its innovative gaming solutions, has deep roots in the Philippines. The company has been expanding its land-based operations in the country for over two decades. Recently, FBM launched its remote gaming platform, FBM E-Motion, aligning with PAGCOR’s efforts to modernize the local gaming industry. This latest investment further underscores FBM’s commitment to supporting the growth of the gaming sector in the Philippines.

The visit from PAGCOR, led by Chairman and CEO Alejandro Tengco, was designed to strengthen ties between the regulatory body and FBM. During the trip, Renato Almeida, Director at FBM, and Pepe Costa, FBM’s Country Manager for the Philippines, showcased the technology and innovative methodologies employed by the FBM Group. This hands-on experience allowed PAGCOR representatives to see first-hand the high-performance video bingos and slots developed by FBM.

During the tour, Renato Almeida made a key announcement about the new software house in the Philippines, highlighting the $10 million investment. He expressed enthusiasm about the initiative, stating, “We are a reference in the Philippines gaming scene, and this investment represents our commitment to reinforcing FBM’s leadership position in the country! We want to continuously bring tailored entertainment products and experiences that resonate with the Filipino audience, and this facility will be the perfect infrastructure to meet the growing demand of this market.”

The new software house will be modeled after successful operations in FBM’s existing facilities in Portugal and Brazil. However, it will also incorporate local expertise and cultural nuances, ensuring that the products developed resonate well with Filipino gamers. FBM aims to create an environment conducive to innovation, allowing the company to stay ahead of industry trends and develop cutting-edge technology and solutions tailored for the local market.

PAGCOR’s involvement in this initiative highlights the agency’s role in modernizing the Philippine gaming landscape. The collaboration with FBM signals a shared vision for growth and innovation in the industry. By supporting local investments, PAGCOR aims to create a more robust and sustainable gaming environment that benefits all stakeholders.

FBM’s expansion comes at a time when the gaming industry in the Philippines is evolving rapidly. With the rise of online gaming and digital platforms, companies are increasingly looking to adapt to changing consumer preferences. FBM’s commitment to investing in technology and infrastructure positions it well to capitalize on these trends.

In addition to enhancing gaming experiences for consumers, the new software house is expected to facilitate knowledge transfer and skill development among local talent. This aligns with FBM’s long-term goal of fostering a sustainable gaming ecosystem in the Philippines.

As the construction of the new facility gets underway, FBM is poised to make significant contributions to the gaming industry while reinforcing its leadership role. The $10 million investment signifies not just financial commitment but also a dedication to nurturing local talent and innovation in gaming technology.

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