Philippine e-gaming revenue rose 17.4% in the third quarter despite new regulations and e-wallet delinking in August. It reached P41.95 billion from July to September, up from P35.71 billion a year earlier.
PAGCOR said its monthly revenue slightly decreased due to changes in digital payment rules as the government reviews online gambling. Despite steps to limit the impact of online gaming, e-gaming is still the second largest revenue, accounting for 44.4% of total revenue.
Licensed casinos remained the leader with revenue of P45.56 billion or 48.2% of the total, but other segments of PAGCOR such as its own casinos and bingo declined, recording 11.6% and 16.2% declines.
PAGCOR is optimistic that the industry's momentum will return once players become accustomed to the new e-wallet protocols and the law against illegal gambling is strictly enforced.
