The Philippine gaming sector’s high-speed growth was decelerated sharply in the third quarter, with industry-wide gaming revenue (GGR) plateauing at ₱94.51 billion, a nominal decline from ₱94.61 billion a year earlier. In a statement on Tuesday, Nov. 11, Alejandro H. Tengco, Pagcor chairman...
Online gaming firm DigiPlus Interactive Corp. saw its third-quarter profit plunge after new government regulations forced e-wallet providers to cut off in-app access to licensed gaming platforms.
In a disclosure to the Philippine Stock Exchange, DigiPlus reported a 59 percent drop in net income...
State-run Philippine Amusement and Gaming Corp. (Pagcor) reported a 49 percent increase in net income for the first nine months of the year to ₱14.32 billion from ₱9.63 billion in the same period last year. In a statement on Monday, Nov. 3, Pagcor Chairman and Chief Executive Officer Alejandro...
State-run Philippine Amusement and Gaming Corp.’s (Pagcor) plan to separate its dual roles as a gaming watchdog and player has become clearer and is now taking shape following its chief’s reiteration of the move. “Pagcor’s dual role has served its purpose in the past, but as the industry...
Senator Erwin Tulfo has urged the Philippine Amusement and Gaming Corporation (PAGCOR), Ad Standards Council (ASC), and the Kapisanan ng mga Brodkaster ng Pilipinas (KBP) to immediately review advertisements related to online gambling. Tulfo, who chairs the Senate Committee on Games and Amusement,...
Senator Alan Peter Cayetano welcomed reports online gambling transactions plunged by half after the Bangko Sentral ng Pilipinas (BSP) ordered e-wallet providers to take down gambling site links. Cayetano lauded the development days after senators grilled central bank officials during a Senate blue...
“As a policy, we don’t touch online gambling. It’s a prohibited category for us!” This was the clear-cut response from my former colleague in the banking and finance beat, Jay Tirona, now the chief executive officer of NTT DATA Payment Services Philippines. He said this at the launch of...
Senate Majority Leader Joel Villanueva has called on the Bangko Sentral ng Pilipinas (BSP) to intensify its regulatory efforts against online lending applications, which have been linked to the growing incidence of cybercrimes and the rise of online gambling in the country. In a recent statement,...
Senator Erwin Tulfo on Thursday, July 31, made a call to e-wallet corporations to initiate the removal of online gambling links on their platforms as a form of social responsibility. Tulfo, Chairperson of the Senate Committee on Games and Amusement, made the call ahead of the upcoming hearings on...
State-run Philippine Amusement and Gaming Corp. (Pagcor) reported a double-digit revenue increase to ₱59 billion in the first half of 2025, driven by a record ₱214.8 billion in gross gaming revenues (GGR) during the period. More than 90 percent or the bulk of Pagcor’s revenues came from...
Senator Erwin Tulfo is set to conduct a Senate investigation into online gambling, emphasizing that its ill effects outweigh its positive impact. "But if I can have it my way, kung akong tatanungin niyo personally, I want this online gambling stopped. Kung ako po masusunod, ora mismo dapat itigil...
The Philippine Amusement and Gaming Corp. (Pagcor) reported that integrated resort (IR) casinos experienced a decline in gross gaming revenues (GGR) in the first half of this year, despite the overall gaming industry recording significant growth. Pagcor Chairman and Chief Executive Officer...
