The Philippine Amusement Gaming Corp. (PAGCOR) reported a 49% drop in revenue after e-wallet providers removed online gambling links from their platforms in August, following a directive from the Bangko Sentral ng Pilipinas (BSP).
PAGCOR’s monthly income fell from P5.7 billion in May to P2.9 billion in September, with online gambling accounting for 60% of its revenue.
Lawmakers are proposing bills to regulate or ban online gambling, while the BSP plans new rules to restrict betting amounts and sever online loan links used for gambling.
E-wallet companies like GCash and Maya earn a small percentage from transactions with licensed gaming operators, but have complied with the removal of gambling links.
Despite efforts, illegal gambling sites persist, though 93% of reported illegal platforms have been blocked by the National Telecommunications Commission.
Source: PhilNews24 | October 23, 2025
PAGCOR REVENUE PLUMMETS 49% FOLLOWING E-WALLET GAMBLING RESTRICTIONS
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