PAGCOR surges by 11 per cent with over half of gaming revenues coming from electronic games
The Philippine Amusement and Gaming Corporation (PAGCOR) continued its strong financial performance in the first quarter of 2025 as revenues hit Php28.07bn (US$503m), an 11.2 per cent spike from Php25.24bn a year ago. The bulk of PAGCOR’s revenues came from gaming operations which contributed Php25.52bn.
More than half of the gaming revenues came from the Electronic Games and E-Bingo segment which generated Php14.32bn or 56 per cent of the total, followed by licensed casinos at Php8.32bn or 32.6 per cent, while PAGCOR-operated casinos chipped in Php2.88bn or 11.31 per cent of the pie.
Complementing the strong revenue growth was PAGCOR’s continued focus on financial discipline as operating expenses were slashed by 15.54 per cent to Php6.21bn, down from Php7.36bn in the same period last year. As a result, the agency recorded a net income of Php4.22bn, up 23 per cent from the Php3.43bn net income in the first quarter of 2024.
PAGCOR Chairman and CEO Alejandro H. Tengco attributed the strong performance to improved operational efficiency and strategic reforms within the agency, adding. “This solid performance reflects PAGCOR’s commitment to responsible governance and fiscal discipline. “The gains we have made in the first quarter will allow us to contribute even more to nation-building for the rest of the year.”
Mr. Tengco said the state gaming agency will continue to innovate and strengthen regulatory oversight to ensure that the agency’s revenues directly benefit the Filipino people through its nation-building and corporate social responsibility programs.
PAGCOR’s total contributions to nation-building (CNB) during the period in review reached Php18.9bn, up 21.5 per cent from the 2024 first quarter CNB of Php15.56bn.
