Philippine government considers mandatory stock exchange listing for igaming firms
The Philippine government is considering a proposal that would require all igaming operators to list on the Philippine Stock Exchange as part of broader efforts to increase transparency in the sector.
“It might even be good if all the licenses issued by [Philippine Amusement and Gaming Corp.] to online gaming, maybe, should also be required to list in the stock exchange,” Finance Secretary Ralph Recto told Inquirer.net. “That’s another thing that we’re looking at.”
Recto said regulators are considering mandatory public listing to help identify beneficial owners and improve oversight. Public companies in the Philippines are required to disclose material information about their finances, ownership, and operations to protect investors.
The Department of Finance also is considering higher taxes and remittance rates for igaming firms, which will result PHP10 billion (US$175 million)1 PHP = 0.0175 USD
2025-07-21Powered by CMG CurrenShift in additional revenue annually. Recto said stricter compliance requirements may include increases in fees and public listing mandates.
DigiPlus Interactive, operator of platforms such as BingoPlus, ArenaPlus, and GameZone, said it supports balanced regulation to protect players and reduce illegal gambling. Its stock fell 30% on Thursday, the sharpest drop in its history, amid growing regulatory pressure. Bloomberry Resorts, which recently launched competing platform MegaFUNalo, dropped 5.62%.
Senator Sherwin Gatchalian has filed a bill proposing tighter controls on e-games, while the central bank is considering restrictions on e-wallet use for betting.
PAGCOR currently collects a 30% remittance fee and 5% franchise tax from licensed e-game operators.
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Charlotte Capewell brings her passion for storytelling and expertise in writing, researching, and the gambling industry to every article she writes. Her specialties include the US gambling industry, regulator legislation, igaming, and more.
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