{"id":10321,"date":"2020-09-24T21:12:47","date_gmt":"2020-09-24T21:12:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=10321"},"modified":"2026-04-24T01:33:04","modified_gmt":"2026-04-24T04:33:04","slug":"pagcor-fee-revenue-down-almost-50","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-fee-revenue-down-almost-50","title":{"rendered":"PAGCOR fee revenue down almost 50%"},"content":{"rendered":"\n

State revenue from regulatory fees paid by POGOs is only half what it was before Covid-19.<\/p>\n\n\n\n\n\n\n\n

Philippines.- The Philippine Amusement and Gaming Corp.’s (PAGCOR) income from the monthly regulatory fees paid by Philippine offshore gaming operators (POGO) and their service providers has been halved due to the Covid-19 pandemic.<\/p>\n\n\n\n

Jose Tria, PAGCOR assistant vice president for offshore gaming licensing, said: \u201cmonthly regulatory fees of around Php600 million (US$12.3 million) pre-Covid-19 is now down by almost half.\u201d<\/p>\n\n\n\n

He said the reduction would be even higher if the collection formula did not allow PAGCOR to impose regulatory fees higher than 2 per cent of POGOs\u2019 gross gaming revenues (GGR)<\/p>\n\n\n\n

Local media reported that PAGCOR’s revenues had dropped due to reduced operations<\/a><\/em><\/strong>, since some POGOs have not been allowed to resume business due to unpaid tax debts, and because also online gaming revenues were lower.<\/p>\n\n\n\n

Tria confirmed that 32 out of the 62 POGOs registered with PAGCOR<\/em><\/strong> have resumed operations, as well as 111 out of 218 accredited POGO services providers.<\/p>\n\n\n\n

Even though the Malaca\u00f1ang government led by Rodrigo Duterte has denied there is an exodus of POGOs from the Philippines, Finance Secretary Carlos Dominguez III said a building owner in Makati City had told him offshore gaming operators had been cancelling their lease contracts in light of new restrictions on operations.<\/p>\n\n\n\n

Tria said the licences of five POGOs had been cancelled, while another five were suspended, and 42 service providers had requested the cancellation of their accreditation.<\/p>\n","protected":false},"excerpt":{"rendered":"

State revenue from regulatory fees paid by POGOs is only half what it was before Covid-19.<\/p>\n","protected":false},"author":2,"featured_media":10323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine Amusement and Gaming Corp.'s (PAGCOR) monthly regulatory fee income from Philippine offshore gaming operators (POGOs) has halved post-Covid-19, dropping from approximately Php600 million. This decline is attributed to reduced POGO operations, unpaid tax debts, and an exodus of operators from the Philippines, despite government denials, with numerous licenses cancelled or suspended.","focusai_entities":"Philippine Amusement and Gaming Corp. (PAGCOR), Jose Tria, Rodrigo Duterte, Carlos Dominguez III, Malaca\u00f1ang government, POGOs (Philippine offshore gaming operators)","focusai_location":"Philippines, Makati City","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), affiliate_publisher (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"PAGCOR Revenue Outlook","query":"What specific measures is PAGCOR implementing to mitigate the ongoing decline in regulatory fee collection from POGOs and diversify its revenue streams amidst the sector's contraction?"},{"label":"POGO Regulatory Future","query":"How will the Malaca\u00f1ang government's stance on POGO operations evolve given the reported exodus and reduced economic contributions, and what new regulatory frameworks are being considered to stabilize or reshape the sector?"}],"footnotes":""},"categories":[157,161,158,16333],"tags":[725,405,2895],"class_list":["post-10321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-daily-news","category-slider-home","category-south-east-asia-news","tag-ggr","tag-pagcor","tag-taxes"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10321"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10321\/revisions"}],"predecessor-version":[{"id":777010488,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10321\/revisions\/777010488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10323"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}