{"id":9687,"date":"2025-08-22T03:48:49","date_gmt":"2025-08-22T03:48:49","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2025\/08\/22\/pagcor-reports-50-drop-in-legal-gaming-after-bsp-bans-e-wallets\/"},"modified":"2025-08-22T03:48:49","modified_gmt":"2025-08-22T03:48:49","slug":"pagcor-reports-50-drop-in-legal-gaming-after-bsp-bans-e-wallets","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/08\/22\/pagcor-reports-50-drop-in-legal-gaming-after-bsp-bans-e-wallets\/","title":{"rendered":"Pagcor Reports 50% Drop in Legal Gaming After BSP Bans E-Wallets"},"content":{"rendered":"<div>\n<p>Online gambling transactions in the Philippines have dropped sharply after the Bangko Sentral ng Pilipinas (BSP) <a href=\"https:\/\/igaming.org\/casino-news\/philippine-central-bank-suspends-gambling-access-via-e-wallets\/\">ordered<\/a> e-wallets to cut ties with gambling platforms.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Transactions at licensed online operators fell by as much as 50 percent in just three days.<\/strong><\/em><\/li>\n<li><em><strong>Pagcor identified about 12,000 illegal sites targeting Filipinos, compared with only 77 licensed operators.<\/strong><\/em><\/li>\n<li><em><strong>Enforcement agencies have already shut down 8,000 unlicensed sites, according to Pagcor.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<h2>Central Bank Order Hits Licensed Operators<\/h2>\n<p>Alejandro Tengco, chairman and CEO of the Philippine Amusement and Gaming Corp (Pagcor), told lawmakers on Wednesday that the impact was immediate. Speaking during a House budget committee hearing, he said: <em>\u201cPagcor is observing, from Sunday to yesterday, online gaming transactions fell by perhaps 50 percent at legally authorised providers.\u201d<\/em><\/p>\n<p>Tengco confirmed that all licensed platforms under Pagcor\u2019s oversight had complied with BSP Memorandum No. 2025-29. The directive, issued last week, required e-wallet companies to remove links and features that allowed access to gambling sites.<\/p>\n<h2>Rise of Unlicensed Platforms<\/h2>\n<p>While legal platforms took the hit, Pagcor observed a surge in unlicensed online gambling sites. Tengco noted that <strong><em>\u201ccurrently, 60 percent of what we see in the online gaming industry are illegal operators,\u201d<\/em> <\/strong>most of which are based outside the Philippines in places such as Russia, Dubai, Abu Dhabi, and Cambodia.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Pagcor estimates there are nearly 12,000 unlicensed platforms in operation, compared with just 77 licensed providers. Authorities have managed to block about 8,000 of those sites, but many remain active.<\/p>\n<p>Tengco warned of the dangers posed by offshore sites:<\/p>\n<p><em>\u201cThey give so much room to consumers so that they would get more addicted. For example, if you deposit PHP100,000 on their platform, they give four times, five times bonuses.\u201d<\/em><\/p>\n<h2>Massive Revenues Lost to Offshore Sites<\/h2>\n<p>During the same hearing, Representative Brian Poe highlighted eight unlicensed operators that reportedly generate between $50 million and $70 million every month from Filipino users. Unlike licensed companies, these <strong><a href=\"https:\/\/igaming.org\/casino\/offshore-casinos\/\">offshore providers<\/a> <\/strong>avoid paying the 30 percent revenue fee and operate without regulatory oversight.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Tengco confirmed the eight firms identified by Poe are part of the broader group of 12,000 illegal sites Pagcor has reported to enforcement agencies.<\/p>\n<p>Although authorities have shut down thousands of sites, Tengco admitted the battle is far from over: <strong><em>\u201cIt\u2019s really hard to go after them [unlicensed sites],\u201d<\/em><\/strong> he said, stressing the need for coordinated efforts among the Department of Information and Communications Technology, the Cybercrime Investigation and Coordinating Center, and the National Bureau of Investigation.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/pagcor-reports-50-drop-in-legal-gaming-after-bsp-bans-e-wallets\/\">Pagcor Reports 50% Drop in Legal Gaming After BSP Bans E-Wallets<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Online gambling transactions in the Philippines have dropped sharply after the Bangko Sentral ng Pilipinas (BSP) ordered e-wallets to cut ties with gambling platforms. Good to know Transactions at licensed online operators fell by as much as 50 percent in just three days. Pagcor identified about 12,000 illegal sites targeting Filipinos, compared with only 77 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9687","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9687"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9687\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}