The Philippine Amusement and Gaming Corporation (PAGCOR) on Tuesday announced it will be reducing the gross gaming revenue (GGR) remittance rate for online and on-site betting platforms beginning April 1, 2024.
The Philippine Amusement and Gaming Corporation on Tuesday announced it will be reducing the gross gaming revenue remittance rate for online and on-site betting platforms beginning April 1, 2024.In a news release, PAGCOR chairman and CEO Alejandro Tengco said the move is aimed to attract more gaming investments in the Philippines.
38 billion in GGR in 2024.The e-games sector alone—which comprises e-casinos, e-bingo, sports betting and specialty games— is projected to contribute P61.75 billion to the 2024 GGR.Meanwhile, licensed casinos from the Entertainment City, Metro Manila, Clark, Cebu and the Fiesta Casinos in Rizal and Poro Point are expected to contribute as much as P256.63 billion to the projected 2024 GGR.
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