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Philippine central bank proposes gambling ban on bank marketplaces

Regulation

The Bangko Sentral ng Pilipinas proposed rules barring banks and electronic money issuers from offering gambling-related products through digital marketplaces, including online casinos and betting. The draft remains under review and would require marketplace providers to obtain BSP approval and meet a PHP1 billion minimum capital requirement. PAGCOR chairman Alejandro H. Tengco said he would ask the agency’s legal department to assess the proposal.

If adopted, the rules would restrict how banks and e-money issuers can distribute gambling products in the Philippines.

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PAGCOR reports 23.41% revenue decline to PHP64.41bn in nine months

PAGCOR reported that total revenue fell 23.41% year on year to PHP64.41bn in the first nine months of 2026, from PHP84.09bn a year earlier. Electronic gaming revenue dropped 37.23% to PHP27.63bn, while gaming operations revenue declined 23.44% to PHP58.13bn. PAGCOR attributed the downturn mainly to weaker gaming-business earnings and said a Supreme Court ruling also affected net income through a 5% gross-revenue remittance requirement.

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