{"id":777014120,"date":"2024-03-20T08:27:01","date_gmt":"2024-03-20T11:27:01","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014120"},"modified":"2026-04-22T11:51:53","modified_gmt":"2026-04-22T14:51:53","slug":"pagcor-to-lower-rates-for-electronic-games-operators-from-april-1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-to-lower-rates-for-electronic-games-operators-from-april-1","title":{"rendered":"PAGCOR to lower rates for electronic games operators from April 1"},"content":{"rendered":"\n

The regulator hopes to attract more operators and increase its licensing and regulatory revenues.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0Philippine Amusement and Gaming Corporation (PAGCOR)\u00a0<\/strong>chairman and CEO\u00a0Alejandro Tengco<\/strong>\u00a0has revealed plans to reduce the gross gaming revenue (GGR) remittance rates for online and on-site betting platforms, effective April 1.<\/p>\n\n\n\n

At the ASEAN Gaming Summit<\/a> at Shangri-La The Fort on Tuesday, (March 19) Tengco said the decision to lower remittance rates by an average of around five per cent aims to bring them more in line with global industry standards and foster a more conducive environment for gaming investments in the Philippines.\u00a0<\/p>\n\n\n\n

Tengco said: “The remittance rates should then average around 35 per cent (of GGR), which is quite significant because when we assumed office in August 2022, the prevailing remittance rate was over 50 per cent. We have gradually lowered them so that by April 1, our rates will be at par with global industry standards.”<\/p>\n\n\n\n

It sis hoped that the revised rates will encourage operators currently operating without licences to consider obtaining permits, thus boosting PAGCOR’s licensing and regulatory revenues.<\/p>\n\n\n\n

Tengco highlighted three factors that he said will drive the growth of the local gaming industry: the entry and expansion of integrated casinos, the performance of the electronic games sector, and\u00a0the forthcoming privatization of PAGCOR casinos<\/a>. Tengo said the Casino Filipino properties will begin to be privatised in late 2025 or early 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"

The regulator hopes to attract more operators and increase its licensing and regulatory revenues.<\/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 is set to reduce gross gaming revenue (GGR) remittance rates for online and on-site betting platforms to an average of 35% from April 1, aiming to align with global industry standards. This strategic move seeks to attract more operators, encourage formal licensing, and boost PAGCOR's regulatory revenues, alongside plans for the privatization of Casino Filipino properties by late 2025 or early 2026.","focusai_entities":"Philippine Amusement and Gaming Corporation, PAGCOR, Alejandro Tengco, ASEAN Gaming Summit, Shangri-La The Fort, Casino Filipino","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), affiliate_publisher (0.7), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GGR Rate Impact","query":"What is the projected impact of the reduced GGR remittance rates on the net gaming revenue (NGR) margins for both online and land-based operators in the Philippines, and how does this compare to regional benchmarks?"},{"label":"Unlicensed Operator Strategy","query":"Beyond GGR rate adjustments, what specific regulatory enforcement mechanisms will PAGCOR implement to ensure the formalization of currently unlicensed operators, and what are the timelines for these initiatives?"}],"footnotes":""},"categories":[163,16333],"tags":[23911,405],"class_list":["post-777014120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-gambling-regulation","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014120","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=777014120"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014120\/revisions"}],"predecessor-version":[{"id":777014147,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014120\/revisions\/777014147"}],"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=777014120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}