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The Philippine Amusement and Gaming Corporation (PAGCOR) reported a 49% decline in revenues following the removal of online gambling links from major e-wallet platforms such as GCash and Maya in August. Fernandez said PAGCOR may no longer meet its earlier ₱60-billion revenue forecast for 2025, noting that 60% of the agency’s income comes from online gaming. Under current rules, 30% of gross gaming revenue is remitted to the national government, 25% goes to PAGCOR, and 5% is paid to the Bureau of Internal Revenue as a franchise tax. Elon Musk has revealed that Twitter's cash flow still remains negative ever since he bought it last 2022, this is due to the fact that it has roughly seen a 50% drop in ad revenue along with a "heavy debt load". Read more in our articles including "PAGCOR revenue drops nearly half after e-wallets cut gambling links" and "Elon Musk reveals that Twitter remains cash flow negative as ad revenue drops 50%".

More About PAGCOR revenue drop

Frequently Asked Questions

What is PAGCOR revenue drop?

The Philippine Amusement and Gaming Corporation (PAGCOR) reported a 49% decline in revenues following the removal of online gambling links from major e-wallet platforms such as GCash and Maya in August. Fernandez said PAGCOR may no longer meet its earlier ₱60-billion revenue forecast for 2025, noting that 60% of the agency’s income comes from online gaming.

What have you covered about PAGCOR revenue drop?

Under current rules, 30% of gross gaming revenue is remitted to the national government, 25% goes to PAGCOR, and 5% is paid to the Bureau of Internal Revenue as a franchise tax. Elon Musk has revealed that Twitter's cash flow still remains negative ever since he bought it last 2022, this is due to the fact that it has roughly seen a 50% drop in ad revenue along with a "heavy debt load".

Where can I find articles about PAGCOR revenue drop?

Our coverage of PAGCOR revenue drop includes: "PAGCOR revenue drops nearly half after e-wallets cut gambling links"; "Elon Musk reveals that Twitter remains cash flow negative as ad revenue drops 50%"; "OnePlus Watch Lite now official". Each article provides unique insights and information.