{"id":777024241,"date":"2025-03-19T09:44:57","date_gmt":"2025-03-19T12:44:57","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777024241"},"modified":"2026-04-22T00:40:18","modified_gmt":"2026-04-22T03:40:18","slug":"philippine-gross-gaming-revenue-rises-25-in-2024","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippine-gross-gaming-revenue-rises-25-in-2024","title":{"rendered":"Philippine gross gaming revenue rises 25% in 2024"},"content":{"rendered":"\n

PAGCOR’s CEO and chairman says the regulator will continue to closely regulate electronic gaming.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Alejandro Tengco, chairman and chief executive officer of the Philippine Amusement and Gaming Corporation (PAGCOR), has said that Philippine gross gaming revenue (GGR) reached PHP410bn (US$7.1bn) in 2024. That’s a rise of 25 per cent in year-on-year terms. <\/p>\n\n\n\n

Speaking at the ASEAN Gaming Summit in Manila, Tengco said that while brick-and-mortar casinos contributed PHP201bn (US$3.46bn), nearly half of all GGR, the E-Games and E-Bingo sector generated PHP154.5bn (US$2.67bn), a 165 per cent year-on-year increase. The e-games sector hit its 2024 GGR goal of PHP100bn by September.<\/p>\n\n\n\n

Tengco attributed this to new policies, like the reduction in fees for e-games<\/a> from 35 per cent to 30 per cent. he said this helped bring unregistered operators into the regulated market and supported licensed operators, preventing closures and maintaining profits.<\/p>\n\n\n

\n
\"PAGCOR\u2019s
PAGCOR\u2019s top executives attend sessions at the ongoing ASEAN Gaming Summit at Shangri-La The Fort, Bonifacio Global City in Taguig.<\/figcaption><\/figure>\n<\/div>\n\n\n

The strong figures close a year that saw the Philippines announce a ban on offshore gambling operators, which came into force at the end of the year. This ban does not affect the operations of domestic electronic gaming.<\/p>\n\n\n\n

Tengco said: “As offshore gaming exits, PAGCOR recognizes that the future of Philippine gaming will continue to become more technology-driven. This is why PAGCOR will continue to closely regulate electronic gaming while ensuring strict oversight to combat illegal operators.\u201d<\/p>\n\n\n\n

He added: “We wish to assure our industry stakeholders that even as we strive for greater success, responsible gaming and market integrity will continue to be at the heart of our efforts.”<\/p>\n","protected":false},"excerpt":{"rendered":"

PAGCOR’s CEO and chairman says the regulator will continue to closely regulate electronic gaming.<\/p>\n","protected":false},"author":176,"featured_media":777013859,"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 25% year-on-year increase in Philippine GGR to PHP410bn (US$7.1bn) for 2024, significantly driven by a 165% surge in the E-Games and E-Bingo sector to PHP154.5bn (US$2.67bn). CEO Alejandro Tengco attributed this growth to policy adjustments, such as reduced e-games fees, and affirmed PAGCOR's commitment to stringent regulation of the technology-driven gaming future, particularly following the offshore gambling ban.","focusai_entities":"PAGCOR, Alejandro Tengco","focusai_location":"Philippines, Manila, Taguig","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.9), operator_casino (0.92), affiliate_publisher (0.75), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (0.95), supplier_vendor (0.88), journalist_researcher (0.95)","focusai_suggestions":[{"label":"E-Games Growth Sustainability","query":"What specific policy adjustments, beyond the fee reduction, does PAGCOR anticipate implementing to sustain the exponential growth observed in the E-Games and E-Bingo verticals, particularly in light of the offshore gaming ban?"},{"label":"Regulatory Framework Evolution","query":"How will PAGCOR's 'strict oversight' of electronic gaming evolve to combat illegal operators and ensure market integrity, and what new governance frameworks or enforcement mechanisms are being considered?"}],"footnotes":""},"categories":[157,24628,158,16333],"tags":[405],"class_list":["post-777024241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-highlight-of-the-week","category-slider-home","category-south-east-asia-news","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024241","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=777024241"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024241\/revisions"}],"predecessor-version":[{"id":777024281,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024241\/revisions\/777024281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777013859"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777024241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777024241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777024241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}