PAGCOR will find new ways to generate revenue: Malacañang

Philippines’ presidential office says it is confident that the Philippines Amusement and Gaming Corporation (PAGCOR) will be able to find new sources of revenue following the ban on E-Sabong, or online cockfighting in the Philippines.

It comes after Philippines President Rodrigo Duterte on Tuesday ordered the immediate ban on e-sabong, following revelations from a survey on the “social impact” of e-sabong on the Filipino people, and the disappearance of 31 people involved in the industry.

The ban is expected to do away with PHP600 million ($11.4 million) in monthly tax revenue, however, Communications Secretary Martin Andanar told reporters that Malacañang was confident that the gaming regulator will be able to find alternate sources of revenue.

Source: https://agbrief.com/news/philippines/06/05/2022/pagcor-will-find-new-ways-to-generate-revenue-malacanang/