Manila, Sept. 16 -- The Philippine Amusement and Gaming Corporation's (PAGCOR) income dropped 40 to 50 percent following the removal of gambling payment links from major e-wallet providers.

During the Senate Committee on Games and Amusement hearing on Tuesday, PAGCOR Assistant Vice President Jessa Mariz Fernandez said the drop was recorded in the first two weeks after e-wallet platforms such as GCash and PayMaya cut their connections to online gambling transactions.

"This is based on the data from our accounting and Electronic Gaming Licensing Department," Fernandez said, noting that the delinking measure had an immediate impact on revenues.

PAGCOR also announced the upcoming launch of an artificial intelligence-powered tool designed t...