E-gaming responsible for over half of PAGCOR first quarter revenue
Online gaming generated 56% of the Philippines gaming revenues in the first quarter of 2025, with e-games and e-bingo contributing Php14.32 billion (US$256 million)1 PHP = 0.0179 USD
2025-05-01Powered by CMG CurrenShift, according to gaming regulator PAGCOR.
The latest figures, published yesterday (Wednesday), showed total revenue for the quarter clocked in at Php28.07 billion (US$502 million)1 PHP = 0.0179 USD
2025-05-01Powered by CMG CurrenShift, up 11.2% on the Php25.24 billion (US$452 million)1 PHP = 0.0179 USD
2025-05-01Powered by CMG CurrenShift reported a year ago. The bulk of that income was from gaming operations, which contributed Php25.52 billion (US$457 million)1 PHP = 0.0179 USD
2025-05-01Powered by CMG CurrenShift.
Licensed casinos contributed Php8.32 billion (US$149 million)1 PHP = 0.0179 USD
2025-05-01Powered by CMG CurrenShift (32.6%) of the total gaming revenue, while PAGCOR-operated casinos were responsible for Php2.88 billion (US$51.5 million)1 PHP = 0.0179 USD
2025-05-01Powered by CMG CurrenShift (11.31%).
PAGCOR credited its continued focus on financial discipline as supporting to the strong revenue growth, reporting that operating expenses had been cut from Php7.36 billion (US$132 million)1 PHP = 0.0179 USD
2025-05-01Powered by CMG CurrenShift to Php6.21 billion (US$111 million)1 PHP = 0.0179 USD
2025-05-01Powered by CMG CurrenShift, down by 15.54% year on year.
As a result, the agency recorded a net income of Php4.22 billion (US$75.5 million)1 PHP = 0.0179 USD
2025-05-01Powered by CMG CurrenShift, up 23% from the Php3.43 billion (US$61.4 million)1 PHP = 0.0179 USD
2025-05-01Powered by CMG CurrenShift net income in the first quarter of 2024.
“This solid performance reflects PAGCOR’s commitment to responsible governance and fiscal discipline,” PAGCOR Chairman and Chief Executive Alejandro H. Tengco 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.”
He added that the state gaming agency will continue to innovate and strengthen regulatory oversight to ensure that its revenues directly benefit the Filipino people.
The regulator reported that its total contributions back into the state during the period reached Php18.9 billion (US$338 million)1 PHP = 0.0179 USD
2025-05-01Powered by CMG CurrenShift, up 21.5% from the 2024 first quarter of Php15.56 billion (US$278 million)1 PHP = 0.0179 USD
2025-05-01Powered by CMG CurrenShift.
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