{"id":777033567,"date":"2025-10-23T10:07:57","date_gmt":"2025-10-23T13:07:57","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777033567"},"modified":"2026-04-21T17:53:31","modified_gmt":"2026-04-21T20:53:31","slug":"pagcor-sees-huge-drop-in-revenue-after-e-wallet-ban-on-online-gambling","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-sees-huge-drop-in-revenue-after-e-wallet-ban-on-online-gambling","title":{"rendered":"PAGCOR revenue almost halves after e-wallet unlinking for online gambling"},"content":{"rendered":"\n<p>A new minimum deposit rule is also believed to have had an impact.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- The <strong>Philippine Amusement and Gaming Corp (PAGCOR)<\/strong> has seen a significant drop in revenue since August, due to the unlinking of online gambling sites from e-wallets and the implementation of a minimum deposit rule. The revelation was made by PAGCOR\u2019s Assistant Vice President for Offshore Gaming, <strong>Jessa Fernandez<\/strong>, on<strong> Wednesday, October 22, <\/strong>during a congressional hearing by the House Committee on Games and Amusements.<\/p>\n\n\n\n<p>According to Fernandez, PAGCOR\u2019s revenue plummeted by <strong>49 per cent<\/strong> after the<strong> Bangko Sentral ng Pilipinas<\/strong>, the Philippines\u2019 central bank, directed e-wallet providers to cut links with online gambling platforms in the country. She said the agency&#8217;s new minimum deposit rule also caused some players to stop playing with licensed operators.<\/p>\n\n\n\n<p>The policies were introduced to address the growing concerns over the social impact of online gambling. However, some lawmakers believe that regulations are still insufficient. The<strong> Department of Economy, Planning and Development (NEDA)<\/strong> has expressed support for either a complete ban on online gambling or strict regulation, citing the industry&#8217;s economic <strong>contribution of just 0.37 per cent<\/strong> to the country&#8217;s GDP. However, has highlighted the revenue generated from licensed online gaming as crucial for supporting  public services and projects, such as education, healthcare, and community development.<\/p>\n\n\n\n<p>In 2024, gross gaming revenue (GGR) from electronic games reached <strong>PHP154.51bn<\/strong> (US$2.6 1bn), up from <strong>PHP58.16bn<\/strong> (US$991.8m) in 2023. Tax revenue is used to finance projects such as the construction of school buildings, socio-civic centers, and e-learning hubs.<\/p>\n\n\n<div id=\"see-also-container\">\n\t\t\t<span class=\"see-also-label\">See also:<\/span><\/p>\n<div class=\"related-article\">\n\t\t\t\t<img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2021\/03\/Imperial-Pacifi-could-go-into-receivership-today-300x200.jpg\" alt=\"\"><\/p>\n<p class=\"related-article__text\">\n\t\t\t\t\t<span class=\"see-also-label-strong\">See also:<\/span> <a href='https:\/\/focusgn.com\/asia-pacific\/mongolia-online-gambling-ban-confirmed'>Ban on online gambling in Mongolia confirmed<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>A new minimum deposit rule is also believed to have had an impact.<\/p>\n","protected":false},"author":2395,"featured_media":777033569,"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 (PAGCOR) has experienced a 49% revenue decline since August, attributed to the unlinking of online gambling sites from e-wallets and the implementation of a new minimum deposit rule. These regulatory measures, driven by social impact concerns, have significantly impacted licensed operators despite the sector's substantial GGR growth and its contribution to public services.","focusai_entities":"Philippine Amusement and Gaming Corp, PAGCOR, Jessa Fernandez, Bangko Sentral ng Pilipinas, House Committee on Games and Amusements, Department of Economy, Planning and Development, NEDA","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), affiliate_publisher (0.7), product_ux (0.7), tech_data (0.7), marketing_crm (0.8), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"PAGCOR Revenue Outlook?","query":"What is PAGCOR's revised revenue forecast for the next fiscal year, considering the sustained impact of these regulatory measures and potential further policy shifts?"},{"label":"Operator Adaptation Strategies?","query":"How are licensed iGaming operators in the Philippines adapting their payment processing, player acquisition, and retention strategies to mitigate the impact of e-wallet restrictions and minimum deposit rules?"}],"footnotes":""},"categories":[16338,24628,154,158],"tags":[4138,405,128],"class_list":["post-777033567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-highlight-of-the-week","category-legislation-news","category-slider-home","tag-online-gambling","tag-pagcor","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033567","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\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777033567"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033567\/revisions"}],"predecessor-version":[{"id":777033578,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033567\/revisions\/777033578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777033569"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777033567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777033567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777033567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}