In an effort to combat illegal gaming operations, the Philippine Amusement and Gaming Corporation (PAGCOR) has further reduced its fee rates for e-games from 35 per cent to 30 per cent, effective January 1, 2025.
PAGCOR chairman and CEO Alejandro H. Tengco said rates for e-games operated by integrated resorts were also reduced to 25 per cent to compensate for overhead expenses incurred by brick-and-mortar operators.
“By lowering our share rates, PAGCOR is creating a more favourable regulatory environment by encouraging unregistered online gaming operators to transition to the legal market,” Tengco said.
The fee rates being collected by the gaming regulator is based on a fixed percentage of the licensees’ gross gaming revenues.
The PAGCOR chief said the rate cuts will provide operators with more resources for marketing, while helping prevent voluntary closures and ensuring the sector's continued growth and profitability.
