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Daily Asia Gaming eBrief: PAGCOR flags oil price drag on gaming

Good morning.ย Challenges seldom come alone. Fuel cost pressures are starting to ripple through the Philippine gaming sector, with PAGCOR noting that rising oil prices are affecting demand, operations, and the broader industry ecosystem. The regulator also signaled that structural changes, including potential privatization, remain under review. Meanwhile, Hong Kongโ€™s Jockey Club has reportedly invested about $128 million in basketball betting preparations, including $51 million already spent on systems, before the government paused the rollout ahead of a planned September launch.

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Manila, Philippines, Asia, PAGCOR flags oil price drag on gaming

PAGCOR warns fuel cost surge pressuring Philippine gaming demand

The Philippine Amusement and Gaming Corporation (PAGCOR) said higher oil prices are beginning to drag on the Philippine gaming industry, influencing operations and player spending. Chairman Alejandro H. Tengco noted similar pressures in global markets, including Singapore and Macau. The cost surge is also affecting suppliers and partners. Despite challenges, PAGCOR stressed the need for industry cooperation and said it remains prepared to adjust, while a potential privatization is still under consideration.

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The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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