Chairman and Chief Executive of the Philippine regulator PAGCOR, Alejandro Tengco, has roundly rejected calls for e-gaming to be banned in the Philippines, warning that it “would cost the government billions in revenues and eliminate 1000s of jobs”.
Speaking at a Light & Wonder event ahead of tomorrow’s IAG Expo in Manila, Tengco reflected on the rapid growth of e-gaming over the past three years, attributing it to both changing consumer habits since the pandemic and “decisive reforms” by the regulator.
“PAGCOR is for stricter regulation and not for a total ban,” he said. “A ban would cost government billions in revenues, eliminate 1000s of jobs and leave consumers defenseless against illegal operations.
