PAGCOR revenues hit P59-B for H1 2025

State-run Philippine Amusement and Gaming Corporation (PAGCOR) reported a solid 14% revenue growth in the first half of 2025, hitting ₱59 billion, up from ₱51.8 billion in the same period last year.

In a statement last week, PAGCOR said the bulk of its revenues—₱53.4 billion—came from gaming operations and license fee shares, while ₱5.7 billion was generated from other services and non-gaming income.

Revenues from gaming alone jumped 17.7% year-on-year, driven by the continued surge in activity from licensed digital platforms and land-based casinos.

Thanks to its strong revenue stream, PAGCOR significantly increased its contributions to nation-building (CnB) to ₱38.1 billion, a 20% rise from ₱31.8 billion last year.

“Of our total CnB, ₱25.36 billion was remitted to the National Treasury as the mandated government share,” said PAGCOR Chairman and CEO Alejandro Tengco. “From that amount, ₱30 million went to the Dangerous Drugs Board and around ₱12.7 billion—half of the remaining funds—was allocated to PhilHealth under the Universal Healthcare Law.”

Tengco noted that if the current pace continues, PAGCOR’s UHC contributions could hit ₱25 billion by yearend, potentially providing ₱10,000 worth of healthcare assistance to over 2.5 million Filipinos.

“This is the kind of impact we strive for—turning revenues from regulated gaming into direct public benefit,” he emphasized.

PAGCOR also paid ₱2.7 billion in franchise taxes to the Bureau of Internal Revenue and allocated ₱7.9 billion for various socio-civic initiatives, including the President’s Social Fund.

Other major beneficiaries included the Philippine Sports Commission (₱1.3 billion), local government units hosting Casino Filipino branches (₱341 million), the Board of Claims (₱109.2 million), and the Renewable Energy Trust Fund (₱157.35 million).

Meanwhile, PAGCOR’s net income soared by 64.3%, reaching ₱10.8 billion, up from ₱6.6 billion in the first half of 2024.

“Our first-half performance reaffirms PAGCOR’s role as a vital government partner,” Tengco said. “We remain focused on strengthening our regulatory framework to ensure that revenues from regulated gaming will continue to benefit the public good.”