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#PAGCOR revenue drop

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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. Read more in our articles including "PAGCOR revenue drops nearly half after e-wallets cut gambling links" and "Dropbox for iOS updated, brings TouchID support".

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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.

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"; "Dropbox for iOS updated, brings TouchID support"; "ASUS Chromebook CM14 announced". Each article provides unique insights and information.