Morgan Stanley: Online gambling revenue in the Philippines now accounts for 70% of physical gambling revenue.

Morgan Stanley, based on data from PAGCOR, calculated that the annualized gross gaming revenue (GGR) of online gambling in the Philippines will reach about $2.4 billion in the third quarter of 2024, accounting for 70% of the country's land-based gambling GGR.This ratio has risen from about 40% in th

33like·0comment

Morgan Stanley: Online gambling is now the largest contributor to gambling tax revenue in the Philippines.

According to data from investment bank Morgan Stanley, the Philippines' growing domestic online gambling industry has become the country's largest contributor to gambling tax revenue, with the regulatory body PAGCOR collecting 28 billion Philippine pesos (approximately $490 million) in taxes from th

24like·0comment

/ THE END /