The Daily Tribune
PAGCOR to push decoupling plans amid robust gaming growth
The Philippine Amusement and Gaming Corporation (PAGCOR) is on track to meet its $7 billion gross gaming revenue target for 2025, with first-half revenues reaching $3.8 billion.
Industry gross gaming revenues have nearly doubled over the last two years, rising from $3.75 billion in 2022 to $6.5 billion in 2024.
PAGCOR Chairman and CEO Alejandro H. Tengco reaffirmed plans to separate the agency's regulatory and commercial roles.
Electronic gaming is a significant growth driver, but PAGCOR emphasizes the need for strong oversight to ensure accountability, integrity, and player protection.
The government is considering policy options for online gambling, including higher taxation or an outright ban, as mentioned by Finance Secretary Ralph G. Recto.
To address regulatory concerns, PAGCOR has already prohibited the use of credit cards or cryptocurrency for betting.
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The Philippine Amusement and Gaming Corporation (PAGCOR) is nearing the completion of its plan to privatize its casino operations, ending its dual role as both regulator and operator.
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The Philippine Amusement and Gaming Corp. (PAGCOR) generated P69 billion in licensing fees from legal online gambling platforms from January to July this year.
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