PAGCOR reports Philippine gambling revenue fell 20% in Q2
Philippine gambling revenue fell 20% to P88bn in the second quarter, according to figures presented at the Inside Asian Gaming Academy Summit. PAGCOR chairman Alejandro Tengco said technology creates opportunities as well as regulatory challenges; the regulator is considering separating its regulatory and commercial functions and has introduced online licence verification measures.
The revenue decline and proposed restructuring are relevant to operators assessing Philippine market oversight and performance.