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PAGCOR reports rise in online gaming licence inquiries after grey-list exit

Licences & markets

PAGCOR said inquiries from prospective online gaming licence applicants rose after the Philippines left the FATF grey list. Chairman and CEO Alejandro Tengco attributed the country’s removal in part to the prohibition of offshore online gaming providers. PAGCOR also reported that 2024 gross gaming revenue reached approximately $7.16 billion, nearly 25% above the previous year.

More applicant inquiries could increase PAGCOR’s workload as it oversees the post-POGO gaming market.

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Regulation

PAGCOR expects governance commission to endorse regulator-operator split

PAGCOR chairman and chief executive Alejandro Tengco said the Governance Commission for Government-Owned and Controlled Corporations is expected to endorse PAGCOR’s proposal to separate its regulatory role from its Casino Filipino operations. The proposal would then go to the Office of the President for consideration; an executive order would be needed to proceed. Tengco also said PAGCOR plans to launch an app in the fourth quarter to direct users to regulated sites.

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