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The Philippine Amusement and Gaming Corp. (PAGCOR) saw a mid-single digit growth in its revenues in the first quarter of 2025. In a news release on Wednesday, PAGCOR said its revenues in the January to March period reached P28.
07 billion, up 11.2% from P25.24 billion in the same period last year.
The state gaming firm and regulator said bulk of its sales came from its gaming operations, which contributed P25.52 billion. PAGCOR added that over half of its gaming revenues came from electronic games and e-bingo, which generated P14.
32 billion or 56% of the total. This was followed by fees from the licensed-casinos sector at P8.32 billion or 32.
6% share, while PAGCOR-operated casinos chipped in P2.88 billion or 11.31% of the pie.
PAGCOR said its operating expenses declined by 15.54% to P6.21 billion from P7.
36 billion in the same period last year. With this, the state gaming firm posted a net income of P4.22 billion, up 23% from the P3.
43 billion profit year-on-year. PAGCOR chairman and CEO Alejandro Tengco attributed the strong performance to improved operational efficiency and strategic reforms within the agency. “This solid performance reflects PAGCOR’s commitment to responsible governance and fiscal discipline,” said Tengco.
“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,” added the PAGCOR chief. Meanwhile, PAGCOR said its total contributions to nation-building (CNB) or its remittance to state coffers during the period stood at P18.9 billion, up 21.
5% from P15.56 billion year-on-year. — Ted Cordero/BM, GMA Integrated News.
