PAGCOR earns P28-B in Q1

The Philippine Amusement and Gaming Corporation (PAGCOR) posted strong gains in the first quarter of 2025, with total revenues reaching P28.07 billion—an 11.2% increase from P25.24 billion in the same period last year.

Driving this surge was PAGCOR’s core gaming operations, which contributed P25.52 billion. The Electronic Games and E-Bingo segment emerged as the top earner, generating P14.32 billion or 56% of the total gaming take. Licensed casinos followed with P8.32 billion or 32.6%, while PAGCOR-operated casinos contributed P2.88 billion or 11.31%.

In line with its cost-efficiency drive, the agency slashed operating expenses to P6.21 billion, down 15.54% from last year’s P7.36 billion. This allowed PAGCOR to post a net income of P4.22 billion, up 23% from the P3.43 billion it earned in the first quarter of 2024.

PAGCOR Chairman and CEO Alejandro H. Tengco credited the agency’s improved fiscal performance to enhanced efficiency and ongoing institutional reforms.

“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.”

Tengco also underscored the agency’s focus on innovation and tighter regulatory oversight to ensure its revenues continue to uplift communities through nation-building and corporate social responsibility programs.

PAGCOR’s contributions to nation-building during the first quarter soared to P18.9 billion—up 21.5% from the P15.56 billion recorded in the same period last year.