State-run Philippine Amusement and Gaming Corp. (PAGCOR) said it further reduced its fees for electronic games from 35 percent to 30 percent effective Jan. 1, 2025 as part of efforts to combat illegal gaming operations.
PAGCOR chairman and chief executive Alejandro Tengco said rates for e-games operated by integrated resorts were also reduced to a lower 25 percent to compensate for overhead expenses incurred by brick-and-mortar 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,” Tengco said.
The fee rates being collected by the gaming regulator is based on a fixed percentage of the licensees’ gross gaming revenues or GGR.
The PAGCOR chief said the rate cuts would provide operators with more resources for marketing, while helping prevent voluntary closures and ensuring the sector’s continued growth and profitability.
