The Philippine Amusement and Gaming Corporation (PAGCOR) has further reduced its fee rates for online gambling operations, cutting them from 35% to 30%, effective January 1, 2025. This latest reduction is part of PAGCOR’s continued efforts to curb illegal online gambling activities and attract unregistered operators into the regulated market. Efforts to encourage legal operations PAGCOR Chairman and CEO Alejandro Tengco stated that the reduction aims to create a more appealing regulatory landscape for operators. “By lowering our share rates, PAGCOR is creating a more favorable regulatory environment by encouraging unregistered online gaming operators to transition to the legal market,” he said. The regulatory agency also announced a corresponding reduction in the fee rates for e-games operated by integrated resorts, lowering the rate to 25% to help cover operational costs for land-based operators. Before the recent adjustments, PAGCOR had significantly higher fee rates, exceeding 50% of gross gaming revenues (GGR). In April 2024, the regulator implemented an initial reduction to… Read More

Category: News 

Source: Casino News Daily