Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO
Alejandro Tengco and Governance Commission for GOCCs (GCG) Chairperson Atty.
Marius Corpus recently signed PAGCOR’s 2024 Performance Scorecard which
summarizes the state gaming agency’s targets and revenue projections for the year.
A highlight of the 2024 Performance Scorecard is PAGCOR’s projected gross gaming
revenues (GGR) of Php336.38 billion for the Philippine gaming industry. The target is
17.91% or Php51.11 billion higher than the actual 2023 GGR of Php285.27 billion.
Meanwhile, PAGCOR-run casinos are projected to generate Php81.27 billion revenues
from gaming operations by the end of the year. This is 2.39% or Php1.9 billion higher
than the Php79.37 billion actual PAGCOR casino revenues in 2023.
Also in the 2024 Performance Scorecard are PAGCOR’s commitment of 100% payment
of mandatory contributions to recipient agencies; attainment of Php5.266 billion net
income (less income tax); and 98% collection efficiency of license and regulatory fees
from the agency’s regulated gaming entities.
The state gaming firm likewise committed 90% disbursements budget utilization rate;
retention of ISO 9001:2015 Certification (Pass Surveillance Audit); 100% of transactions
processed within the prescribed period; 100% attainment of 2024 deliverables; and
improvement on the competency baseline of the organization, among others.
