Over 60% of Philippine online gaming operators fall below new revenue floor
Arden Consult says the new fee structure could increase market consolidation.
The Philippines.- More than 60 per cent of licensed online gaming system administrators (GSAs) in the Philippines were operating below the new revenue benchmarks introduced by the Philippine Amusement and Gaming Corporation (PAGCOR) based on their second-quarter performance. That’s according to a report published this week by legal and regulatory advisory firm Arden Consult.
The consultancy said the new minimum guaranteed fee (MGF), which took effect on July 1, could lead weaker operators to recapitalise, merge, seek approved transactions or leave the market. For GSAs offering electronic casino games, the minimum fee is PHP9m (US147,000) per month, based on a minimum monthly gross gaming revenue benchmark of PHP30m (US489,000). Operators without electronic casino games face a PHP3m (US49,000) monthly minimum, based on a PHP15m (US245,000) revenue benchmark.
The requirements will increase from January 2027, when the monthly minimum fees will rise to PHP10.5m (US171,000) for electronic casino GSAs and PHP4m (US65,000) for other GSAs. Arden Consult estimated that Philippine online gaming GGR reached around US$1.19bn in the first half of 2026, down 31 per cent year-on-year.
