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PAGCOR cites PHP60 billion in online gaming fees from January to July

Regulation

PAGCOR chairman and chief executive Alejandro H. Tengco said licensed online gaming generated about PHP60 billion in fees from January to July, including about PHP41 billion from electronic games. Tengco said the income supports government projects and warned that illegal sites deprive the government of revenue and expose Filipino players to risks; PAGCOR pledged stronger regulation and enforcement.

The figures and enforcement pledge inform operators about PAGCOR’s stated priorities for the regulated online sector.

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Regulation

PAGCOR says Philippine gaming rules must adapt as industry changes

PAGCOR Chairman and CEO Alejandro H. Tengco said the regulator should update its framework as the Philippine gaming industry changes, while maintaining predictable rules for licensed operators. Tengco cited a proposal to separate PAGCOR’s regulatory and operating functions, which remains under review by the Governance Commission for Government-Owned or Controlled Corporations. If that review is completed, the proposal will go to the Office of the President, which could issue an executive order if President Ferdinand Marcos Jr. finds merit in it.

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