Ievolution to launch new Coinbursts brand in Asia markets

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Coinbursts will offer players access to a range of online casino content including slots and live casino games. Ievolution said the latter of these offerings will include baccarat and blackjack.

Ievolution named the Philippines as one of the markets where Coinbursts will go live before the end of the week. The group did not disclose where else the brand will be available, instead saying it will launch in Asian markets.

It is not clear which licences Ievolution has secured to support the launch across Asia.

“Coinbursts transcends mere gaming; it embodies a lifestyle brimming with happiness and abundance,” Coinbursts chief marketing officer Atom Dyson Tum said. “Our mission is to craft an environment where players can not only delight in the games but also experience the small yet profound joys of life.”

Philippines market returns to pre-pandemic levels

The decision by Ievolution to launch Coinbursts in the Philippines comes with the market returning to pre-pandemic levels.

This was announced by Philippine Amusement and Gaming Corporation (Pagcor) chairman and CEO Alejandro Tengco earlier this month. He said the lifting of travel and movement restrictions has increased leisure, travel and entertainment activities. 

This, Tengco added, will help sustain the growth trajectory of the gaming industry in the Philippines for years to come.

Gross gaming revenue is just short of 2019, the last full year before the pandemic and a year in which Pagcor reported record gaming revenue.

Pagcor also recently reported its results for the first nine months of 2023. Revenue during the period reached PHP55.95bn (£799.1m/€921.0m/$1.01bn). Most of this was classed as gaming and operations, with this amounting to PHP51.66bn.

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