The Philippine Amusement and Gaming Corporation (PAGCOR) has disclosed a sharp decline in online gambling revenue, with transactions falling by as much as 50% after major e-wallets payments severed ties with gaming platforms. This development, highlighted during PAGCOR's August congressional hearing, underscores the immediate financial repercussions of recent regulatory crackdowns on unlicensed operations. E-wallets, previously a primary conduit for deposits and withdrawals, were mandated to disconnect from offshore and unauthorized sites to align with anti-money laundering protocols and bolster player protections.

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