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PAGCOR reports income decline of up to 49% after e-wallet restrictions

Regulation

PAGCOR said its income had fallen by up to 49% since August 2025, after e-wallet providers removed direct links to online gambling platforms. At a House Committee on Games and Amusements hearing, Jessa Fernandez said projected first-half income of Php60 billion may be lower by year-end; she also cited a Php500 minimum-deposit rule as a possible factor in reduced player activity. The central bank is preparing further restrictions on betting and account top-ups.

The reported decline and proposed payment restrictions could affect licensed online operators’ deposits, player volumes and public-sector remittances.

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Arden urges Philippine statute to secure online gaming rules

Arden Consult founder and chief executive Toney Quiogue has called for the Philippines to pass a statute governing online gaming, arguing that the current framework relies largely on PAGCOR’s charter and issuances. Quiogue said legislation should define licensable activities, fees, offences and enforcement powers, including measures against illegal payment processing.

Arden Consult founder and chief executive Toney Quiogue has called for the Philippines to pass an online gaming law to reduce the risk of a sudden industry ban, in a paper on a global legal platform. Quiogue said the absence of a statute was the country's most important regulatory gap and that recent reforms could be reversed.

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