PAGCOR income drops 49% after BSP directive on e-wallets

The Philippine Amusement Gaming Corp. (PAGCOR) reported a "sharp decline" in its income starting August 2025, with revenues dropping by as much as 49 percent.

This decline is attributed to e-wallet providers removing online gambling links following a Bangko Sentral ng Pilipinas (BSP) directive issued on August 14.

PAGCOR's projected income for the half of the year was P60 billion, but the agency now anticipates a lower figure by the end of 2025 due to the revenue drop.

Additionally, the implementation of an initial minimum deposit of P500 for online gaming operators may have deterred some players, contributing to a slight decline in new players.

These issues were discussed during a House Committee on Games and Amusements hearing on Wednesday, October 22, where lawmakers are considering various proposed measures on online gambling, including a total ban or stricter regulations.

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