Tag Archives: PAGCOR
PAGCOR reports record-breaking US$6.5bn gaming revenue in 2024, driven by E-Games
The Philippine Amusement and Gaming Corporation (PAGCOR) has confirmed a record-breaking gross gaming revenue (GGR) of Php372.33bn (US$6.5bn) for 2024, marking a 30.52 per cent increase over the Php285.27bn reported in 2023. This new milestone underscores the robust expansion and evolving dynamics of the Philippine gaming sector. The official GGR figure excludes revenues from offshore gaming, which…
Despite POGO ban, Philippine gaming industry posts 25 per cent growth in 2024
Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro H. Tengco has said the Philippine gaming industry remains robust despite the ban on Philippine Offshore Gaming Operations (POGOs). During his keynote address at this year’s ASEAN Gaming Summit in Manila, Mr. Tengco said despite the ban, the country’s Gross Gaming Revenue (GGR) in 2024…
PAGCOR to close two loss-making casinos
The Philippine Amusement and Gaming Corporation (PAGCOR) has closed a losing Casino Filipino site in Talisay, Cebu while another in Tagum, Davao del Norte will likewise be shuttered as part of the agency’s ongoing rationalization plan. Employees of both venues will be returned to their mother units and other PAGCOR gaming sites and will continue…
E-Games flourish in the Philippines as casinos fall
The Philippine Amusement and Gaming Corporation (PAGCOR) has announced that the local gaming industry’s Gross Gaming Revenues (GGR) grew 37.52 per cent in the third quarter to Php94.61bn from the Php68.79bn GGR year-on-year with E-Games showing huge growth again. The industry’s third-quarter growth was driven mainly by the Electronic Gaming sector which increased more than…
PAGCOR Q3 revenues up 42 per cent to PHP79.43bn
The Philippine Amusement and Gaming Corporation (PAGCOR) announced today that its revenues for the first nine months of the year have reached Php79.43bn, up 42 per cent from the Php55.95bn revenues year-on-year. The Philippine Amusement and Gaming Corporation (PAGCOR) announced today that its revenues for the first nine months of the year have reached Php79.43bn,…
Philippines – New projects to see Philippine gaming revenue surpass Singapore’s
Foreign and domestic investment of $6bn and the opening of up to nine new casino resorts should see the Philippines’ casino sector reach GGR of $8bn to $9bn by 2027, taking it ahead of revenues generated by Singapore’s casino sector. This year, licensed casinos from the Entertainment City, Metro Manila, Clark, Cebu and the Fiesta…
Philippines – PAGCOR’s gross gaming revenues hit record US$5.1bn in 2023
The Philippine Amusement and Gaming Corporation (PAGCOR) has confirmed that the country’s gross gaming revenues (GGR) in 2023 reached a record Php285.27bn (US$5.11bn) breaching pre-pandemic levels and paving the way for more robust growth in the coming years. PAGCOR Chairman and CEO Alejandro H. Tengco said the new GGR record is 11.22 per cent higher…
Philippines – PAGCOR lays out timeline for sale of its casinos
The Philippine Amusement and Gaming Corporation (PAGCOR) is planning to privatise 45 of its casinos by the third quarter of 2025. Speaking at the House of Representatives for the national budget discussions, PAGCOR’s Chief, Alejandro Tengco said: “PAGCOR should purely be a regulator and not an operator at the same time. Definitely, my trust is to privatise…
Philippines – PAGCOR to launch its own online casino in 2024 and modernise slot operations
Buoyed by the revitalisation of the local gaming industry, the Philippine Amusement and Gaming Corporation (PAGCOR) is looking to implement measures that will further boost market growth, provide a more convenient gaming experience to guests, and encourage healthy competition. In his keynote address during the opening ceremony of the SiGMA Asia Summit 2023 at the…
