PAGCOR reports 49% revenue decline after e-wallet delinking in the Philippines
PAGCOR reported a 49% revenue decline between May and September at a House Committee on Games and Amusements hearing on 22 October. Assistant vice-president Jessa Fernandez attributed the fall to online gambling platforms being delinked from e-wallets in August and fewer new players, and cited a PHP500 minimum deposit as another factor. The hearing also considered stricter rules or a ban on online gambling.
The reported fall could affect PAGCOR income that contributes to public programmes, including universal healthcare.