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The Philippine Amusement and Gaming Corp. (Pagcor) reported that its revenues surged in the first three months of the year on the back of improved operational efficiency and strategic reforms.
In a statement, Alejandro H. Tengco, Pagcor chairman and chief executive officer, said the state-run firm posted an 11 percent increase in revenues from January to March this year to ₱28.07 billion from ₱25.24 billion a year ago.
The majority of Pagcor’s earnings, amounting to ₱25.52 billion, originated from its gaming operations.
The Electronic Games and E-Bingo segment was the largest contributor, generating ₱14.32 billion, which represents 56 percent of the total gaming revenue.
Licensed casinos followed with ₱8.32 billion, or 32.6 percent, while Pagcor-operated casinos contributed ₱2.88 billion, accounting for 11.31 percent.
Pagcor also reported a significant decrease in operating expenses, which fell by 15.5 percent to ₱6.21 billion from ₱7.36 billion in the same period last year.
As a result of the revenue growth and cost reduction, the agency's net income reached ₱4.22 billion, a 23 percent increase compared to the ₱3.43 billion net income in the first quarter of 2024.
Tengco noted that this financial success will enable Pagcor to increase its contributions to nation-building.
In the first quarter of 2025, Pagcor’s total contributions to nation-building reached ₱18.9 billion, a 21.5 percent jump from the ₱15.56 billion contributed in the first quarter of 2024.
He added that Pagcor will continue to innovate and enhance its regulatory oversight to ensure its revenues benefit the Filipino people through various programs.
