The Philippine Amusement and Gaming Corporation (PAGCOR) continued its strong
financial performance in the first quarter of 2025 as revenues hit Php28.07 billion, an
11.2% spike from Php25.24 billion a year ago.
The bulk of PAGCOR’s revenues came from gaming operations which contributed
Php25.52 billion.
More than half of gaming the revenues came from the Electronic Games and E-
Bingo segment which generated Php14.32 billion or 56% of the total, followed by
licensed casinos at Php8.32 billion or 32.6%, while PAGCOR-operated casinos
chipped in Php2.88 billion or 11.31% of the pie.
Complementing the strong revenue growth was PAGCOR’s continued focus on
financial discipline as operating expenses were slashed by 15.54% to Php6.21
billion, down from Php7.36 billion in the same period last year.
As a result, the agency recorded a net income of Php4.22 billion, up 23% from the
Php3.43 billion 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.
“This solid performance reflects PAGCOR’s commitment to responsible governance
and fiscal discipline,” he said. “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 Php18.9 billion, up 21.5% from the 2024 first quarter CNB of Php15.56
billion.
