In a strategic move to stimulate the Philippine gaming market, PAGCOR (Philippine Amusement and Gaming Corporation) has announced a significant reduction in license fees charged to the country’s integrated resort operators for online gaming activities. Starting January 1, 2025, the fees will be lowered from 35% to 25%, marking a notable decrease from the 50% rate initially set when Alejandro Tengco was appointed Chairman and CEO in August 2022.

During a keynote address at the IAG Academy Summit on Tuesday, Chairman Tengco, cited by Inside Asian Gaming, highlighted the new fee structure aimed at aligning with global industry standards to attract and retain investments. This adjustment is expected not only to bolster the legal gaming m…