The Philippine Amusement and Gaming Corporation (PAGCOR) reported robust financial results for the first quarter of 2025, with revenues reaching PHP28.07 billion ($502 million), an 11.2 percent increase from PHP25.24 billion ($452 million) in the same period last year.
Gaming operations remained the primary revenue source, generating PHP25.52 billion ($457 million). Electronic Games and E-Bingo led the segment, contributing PHP14.32 billion ($256 million), or 56 percent of total gaming revenue.
Licensed casinos followed with PHP8.32 billion ($149 million), accounting for 32.6 percent, while PAGCOR-operated casinos contributed PHP2.88 billion ($52 million), or 11.31 percent.
The agency also reported improved cost efficiency, with operating expenses reduced by 15.54 percent to PHP6.21 billion ($111 million), down from PHP7.36 billion ($132 million) in the first quarter of 2024. As a result, PAGCOR recorded a net income of PHP4.22 billion ($76 million), marking a 23 percent increase from PHP3.43 billion ($62 million) in the same period last year.
PAGCOR Chairman and CEO Alejandro H. Tengco attributed the strong performance to operational efficiency and strategic reforms. “This solid performance reflects PAGCOR’s commitment to responsible governance and fiscal discipline,” he stated. “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 affirmed that the state gaming agency will continue to innovate and enhance regulatory oversight, ensuring that revenues directly benefit Filipino citizens through nation-building and corporate social responsibility initiatives.
PAGCOR’s contributions to nation-building during the period reached PHP18.9 billion ($338 million), representing a 21.5 percent increase from the PHP15.56 billion ($279 million) recorded in the first quarter of 2024.
