PAGCOR’s First Quarter Revenue Rises 11.2% Amid Operational Reforms
The Philippine Amusement and Gaming Corporation (PAGCOR) reported an 11.2% increase in revenue for the first quarter of 2025, marking a solid start to the year driven by cost reductions, strong performance in the electronic gaming sector, and continued strategic reforms.
Gaming Operations Drive Strong Performance
PAGCOR generated Php28.07 billion in total revenue between January and March 2025, up from Php25.24 billion in the same period last year. The majority – Php25.52 billion – came directly from gaming operations. Notably, more than half of that total originated from the Electronic Games and E-Bingo segment, which contributed Php14.32 billion or 56% of total gaming revenue.
Licensed casinos brought in Php8.32 billion, accounting for nearly one-third of gaming income, while PAGCOR-operated casinos added Php2.88 billion, making up 11.3%.
Cost Reductions Boost Bottom Line
The agency’s operating expenses fell significantly in Q1, down 15.5% to Php6.21 billion from Php7.36 billion a year earlier. As a result, PAGCOR reported a net income of Php4.22 billion – up 23% compared to Php3.43 billion in the first quarter of 2024.
PAGCOR Chairman and CEO Alejandro H. Tengco said:
“This solid performance reflects PAGCOR’s commitment to responsible governance and fiscal discipline. 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.”
Contributions to Public Funding Grow
Beyond profitability, PAGCOR emphasized its growing financial role in public service. Contributions to nation-building programs reached Php18.9 billion during the quarter, an increase of 21.5% from the previous year’s Php15.56 billion.
Looking ahead, Tengco confirmed that PAGCOR will continue to enhance its regulatory oversight and develop innovative approaches to ensure that gaming revenues are directed toward public welfare initiatives, including corporate social responsibility programs.