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PAGCOR Q1 Revenues Hit PHP28-B; Net Income Up 23% To PHP4.2-B
- By The Financial District
- 8 hours ago
- 2 min read
The Philippine Amusement and Gaming Corporation (PAGCOR) sustained its strong financial performance in the first quarter of 2025, posting revenues of PHP28.07 billion—an 11.2% increase from PHP25.24 billion in the same period last year.
PAGCOR Chairman and CEO Alejandro H. Tengco attributed the strong performance to improved operational efficiency and strategic reforms within the agency. I Photo: Casino Filipino
The bulk of PAGCOR’s revenues came from gaming operations, which contributed PHP25.52 billion.
More than half of the gaming revenues were generated by the Electronic Games and E-Bingo segment, which brought in PHP14.32 billion or 56% of the total. This was followed by licensed casinos, contributing PHP8.32 billion or 32.6%, while PAGCOR-operated casinos chipped in PHP2.88 billion or 11.31%.
Supporting this strong revenue growth was PAGCOR’s continued focus on financial discipline. Operating expenses were reduced by 15.54% to PHP6.21 billion, down from PHP7.36 billion in the same period last year.
As a result, the agency posted a net income of PHP4.22 billion, up 23% from the PHP3.43 billion recorded 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 added that the state gaming agency will continue to innovate and strengthen its regulatory oversight to ensure that 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 review period reached PHP18.9 billion, a 21.5% increase from the PHP15.56 billion reported in the first quarter of 2024.
