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PAGCOR reports Philippine gaming revenue rose 25% to PHP410bn in 2024

Regulation

PAGCOR chairman Alejandro H. Tengco said the Philippine gaming industry generated PHP410 billion in gross gaming revenue in 2024, up 25% from 2023, despite the offshore gaming ban. Electronic games and e-tables generated PHP154.5 billion, up 28%, while land-based gaming contributed PHP201 billion; PAGCOR set eGames fees at 30% of gross revenue from 1 January 2025.

The figures show how the Philippine market’s revenue mix and fee structure changed after the offshore gaming ban.

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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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