{"id":777013119,"date":"2024-02-13T10:00:27","date_gmt":"2024-02-13T13:00:27","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013119"},"modified":"2026-04-22T13:03:51","modified_gmt":"2026-04-22T16:03:51","slug":"e-gaming-contributed-us1-03m-to-philippine-ggr-in-2023-pagcor-chairman-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/e-gaming-contributed-us1-03m-to-philippine-ggr-in-2023-pagcor-chairman-says","title":{"rendered":"E-gaming contributed US$1.03m to Philippine GGR in 2023, PAGCOR chairman says"},"content":{"rendered":"\n

PAGCOR\u2019s chairman said there was a rise of over 90 per cent in online gaming in 2023.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Philippine Amusement and Gaming Corporation (PAGCOR) <\/strong>chairman and CEO Alejandro Tengco<\/strong> told a panel at ICE London 2024 that online gaming increased by over 90 per cent year-on-year in the Philippines in 2023.<\/p>\n\n\n\n

‘E-gaming’, a label that PAGCOR applies to e-games, e-bingo, speciality games and sports betting contributed PHP58.16bn (US$1,03m) to 2023 gross gaming revenue (GGR)<\/a>, Tengco said. This was 92.32 per cent higher than in 2022 (PHP30.24bn) and surpassed the previous high of PHP32.24bn in 2019 before the Covid-19 pandemic.<\/p>\n\n\n\n

Tengco said PAGCOR reached a milestone of more than 1,000 licensed e-gaming sites in 2023 and that more applications are expected.\u00a0E-gaming is expected to contribute PHP61.75bn this year.<\/p>\n\n\n\n

PAGCOR’s chairman said: \u201cBecause of the policy changes implemented by the current management, there was a considerable increase in gaming sites. We also approved reductions in (licensing) rates that contributed to the spike in approved sites.<\/p>\n\n\n\n

“The E-Games sector\u2019s notable performance positively impacted not only the local gaming industry but also PAGCOR\u2019s revenue generation efforts.”<\/p>\n\n\n\n

The regulator plans to launch its own online casino<\/a> for Casino Filipino,\u00a0PAGCOR\u2019s chain of 43 casinos<\/strong> this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

PAGCOR\u2019s chairman said there was a rise of over 90 per cent in online gaming in 2023.<\/p>\n","protected":false},"author":176,"featured_media":777008355,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"PAGCOR reported a significant 90%+ year-on-year increase in online gaming Gross Gaming Revenue (GGR) in the Philippines for 2023, reaching PHP58.16bn, primarily attributed to strategic policy changes and reduced licensing rates. The regulator also noted a milestone of over 1,000 licensed e-gaming sites and plans to launch its own online casino for Casino Filipino in 2024. This robust growth has positively impacted PAGCOR's revenue generation and the broader local gaming industry.","focusai_entities":"PAGCOR, Alejandro Tengco, Casino Filipino","focusai_location":"Philippines, London","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.85), operator_casino (0.9), affiliate_publisher (0.7), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.95)","focusai_suggestions":[{"label":"PAGCOR's Online Casino Strategy","query":"What specific competitive advantages or potential governance challenges does PAGCOR anticipate by launching its own online casino, Casino Filipino, given its dual role as both market regulator and commercial operator?"},{"label":"Impact of Licensing Reductions","query":"Beyond the quantitative increase in licensed sites, what has been the qualitative impact of PAGCOR's licensing rate reductions on market competition, responsible gambling frameworks, and overall Net Gaming Revenue (NGR) per operator?"}],"footnotes":""},"categories":[153,16333],"tags":[4138,405],"class_list":["post-777013119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-igaming-news","category-south-east-asia-news","tag-online-gambling","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013119","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777013119"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013119\/revisions"}],"predecessor-version":[{"id":777013137,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013119\/revisions\/777013137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777008355"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}