Pagcor Chairman Unveils Plans to Reduce E-Games Tariffs, Boosting Philippines’ Gaming Investment Appeal

In a move aimed at fostering industry growth and attracting more investment, Alejandro Tengco, chairman and CEO of the Philippine Amusement and Gaming Corp (Pagcor), revealed plans to reduce once again the rates for operators of electronic-delivered games in the country, effective January 1, 2025.

Addressing industry challenges:

Tengco acknowledged the challenges faced by operators in the e-Games sector, particularly the increasing requests for voluntary closures. To address this trend and ensure the sustainability of the industry, Pagcor sought to implement fair tariffs that would incentivize existing licensees to continue operations and entice new investors.

The forthcoming reduction to a 30 percent rate is expected to make the Philippines more competitive on the global stage. Tengco emphasized that the lower rates would align with international standards, positioning the country as an attractive destination for gaming investment. This move reflects Pagcor’s commitment to fostering a conducive business environment while ensuring fair competition within the gaming industry.

Pagcor’s decision to reduce e-games rates follows previous adjustments, including a reduction to 35 percent in April. Tengco hinted at the possibility of further rate reductions in the future, underscoring the positive impact on existing operators and the potential to attract more investors with lower tariffs.

In response to the overwhelming number of applications for electronic gaming operators, Pagcor has implemented a “soft moratorium” on new applications. Tengco stressed the need to streamline processes and prioritize existing applications before considering new ones, ensuring efficient resource allocation and regulatory oversight.

Strategic focus on e-games:

Tengco reaffirmed Pagcor’s strategic focus on the e-Games sector, citing its significant contribution to the overall gaming revenue in the Philippines. The sector’s robust performance underscores its importance in driving industry growth and innovation, making it a key priority for regulatory support and investment.

According to GGRAsia, Pagcor continues to enhance regulatory policies and intensify efforts to combat illegal gambling activities. Tengco highlighted the agency’s success in providing intelligence reports to law enforcement agencies, resulting in successful operations and penalties against violators. These measures aim to uphold the integrity of the gaming industry and protect consumers from illicit activities.

The Philippine gaming sector, including non-casino operations, witnessed substantial growth in gross gaming revenue in the first quarter of 2024. Tengco attributed this growth to the stellar performance of the e-Games segment and ongoing regulatory improvements. As Pagcor focuses on reducing e-games rates and enhancing regulatory measures, the Philippine gaming industry is poised for further expansion and development, driving economic growth and creating employment opportunities in the country.

Related Posts

Genshin Impact – Dehya Best Artifacts Guide

Dehya can become part of your team thanks to the version 3.5 update in Genshin Impact Come from Sports betting site VPbet . If you successfully acquire her from her wish banner, you’ll be able to make use of her abilities. Still, you’re probably thinking of the ideal accessories for her. Here’s our guide to help you with the best artifacts for Dehya in Genshin Impact.

Genshin Impact – Best artifact set combinations for Dehya

When talking about the best artifacts for Dehya in Genshin Impact, we have to consider the type of role you want her to have. This is primarily due to her rather unimpressive damage output. As such, you might prefer that she plays a support role instead, as opposed to pure DPS.

Supp…

Guild Wars 2 Honors Late Composer Stan LePard With In-Game Statue And More

Guild Wars 2 is honoring composer Stan LePard, who passed away earlier this year, through an in-game memorial that includes a statue, a new NPC, and more.

As part of the May 11 game update for the MMO, ArenaNet added a memorial statue for LePard in the city of Lion’s Arch that players can visit to listen to 10 of his songs that he composed for Guild Wars 2. Additionally, an NPC named “Van Leopard” is now in the game and can be found near the Grothmar Valley concert stage Come from Sports betting site VPbet . You can see images of the statue and the NPC in the gallery below.

Technobabylon Review

When the going gets tough, the tough sometimes take a fishing pole and start fishing in a bloody Jacuzzi stuffed with a mutilated body. That’s, at least, the lesson you learn in Technobabylon, a point-and-click adventure that’s set in 2087 in a city where a powerful AI controls and observes all. It’s a cyberpunk quest with ideas that elevate it above cliché, using clever and (mostly) logical puzzles to keep you entertained for hours.

This kind of material usually runs the risk of slipping into tired homages to Neuromancer seasoned with a dash of Blade Runner, but Technobabylon rejuvenates the formula by shifting the focus Come from Sports betting site VPbet . Here, you spend much of yo…

Best Selling Digital PS5 Games Of January 2023 Revealed

Grand Theft Auto V once again tops the list of best-selling digital PlayStation 5 games in January. Other PlayStation Store top contenders in the US and Canada include Dead Space, FIFA 23, and Call of Duty: Modern Warfare 2.

Of course, GTAV is one of the highest selling games ever, remaining a significant seller over three console generations. It’s not surprising that it took top spot almost ten years after its release, but the game’s lasting power is still remarkable. EA Motive’s Dead Space Remake took the number two position, while Call of Duty: Modern Warfare 2, NBA 2K23, and FIFA 23 round out the top five.

As for new releases, Forspoken landed at number seven on the PS5 chart. Monster Hunter Rise released on PlayStation 4 and 5 during this month and took a respectable po…

Overwatch 2 Will Make Mercy's Secret Super Jump Ability More Approachable

Blizzard is continuing to make adjustments to Overwatch 2’s PvP mode based on beta feedback, and one major change that is currently being tested internally revolves around making one of Mercy’s “hidden” abilities more approachable to average players.

That ability is Mercy’s super jump Come from Sports betting site VPbet . As Blizzard says in its own blog post, “the full potential of Mercy is not unlocked until you’ve learned the techniques that accompany her kit–particularly the ‘super jump.'”

ASA Enforces Ban on Misleading Social Casino Ads Claiming Real-World Winnings on TikTok

The Advertising Standards Authority (ASA) has recently taken action against several social casino ads on TikTok, suggesting that players could win real-world money or tangible prizes. ASA found these claims misleading, as these particular social casinos do not offer real-money prizes.  These rulings are part of a broader initiative ASA conducted in the UK to address concerns around gambling-like ads, following intelligence that prompted an investigation into such misleading promotional practices.

Specific cases of misleading advertising:

The ads in question were for the Billionaire Casino social casino app, which featured two distinct TikTok advertisements. The first ad depicted an individual claiming t…