The Philippine Amusement and Gaming Corporation (PAGCOR) said its revenues fell 5 percent in 2025 to PHP106.03 billion ($1.91 billion), as earnings from land-based casinos softened and offshore gaming was removed from its revenue mix.
The figure was down from PHP111.72 billion ($2.01 billion) in 2024. Gaming operations contributed PHP95.15 billion ($1.71 billion), slightly lower than the PHP97.53 billion ($1.76 billion) recorded a year earlier. Other streams, including interest earnings, income, and service fees, added PHP10.88 billion ($196 million).
More than half of PAGCOR’s gaming revenues, or PHP53.33 billion ($960 million), came from electronic and online gaming activities such as eGames, eBingo, and bingo grantees.
Chairman and CEO Alejandro H. Tengco said revenues from PAGCOR-operated casinos dropped 18 percent to PHP10.38 billion ($187 million), while licensed casinos generated PHP31.44 billion ($566 million), down nearly 5 percent year-on-year.
“The decline in revenues from land-based casinos is largely driven by the gradual change in player behavior, with more customers opting for digital and online gaming platforms,” Tengco said in a dispatch by PAGCOR.
He added that PAGCOR has strengthened its regulatory framework for online gaming to ensure player protection and responsible practices.
“As digital gaming continues to grow, PAGCOR has implemented significant regulatory upgrades to protect players, promote transparency, and ensure that online gaming operates within a secure and well-regulated environment.”
Alejandro H. Tengco
Revenues from eBingo, eGames and bingo grantees rose 9 percent to PHP53.33 billion ($960 million), helping offset part of the decline in land-based gaming. The offshore gaming ban also weighed on results, removing nearly PHP3 billion ($54 million) in contributions seen in 2024.
Despite lower revenues, PAGCOR reported net income of PHP17.47 billion ($315 million), up 4 percent from PHP16.77 billion ($302 million) in 2024.
Total contributions to nation-building reached PHP66.95 billion ($1.21 billion), slightly lower than PHP68.21 billion ($1.23 billion) the previous year.
Of this, PHP45.19 billion ($813 million) went to the National Treasury as the government’s 50 percent share, including PAGCOR’s annual PHP60 million ($1.08 million) contribution to the Dangerous Drugs Board.
PAGCOR also remitted PHP4.76 billion ($86 million) in franchise taxes and PHP907 million ($16 million) in corporate income taxes to the Bureau of Internal Revenue.
The Philippine Sports Commission received PHP2.26 billion ($41 million), while PHP95.08 million ($1.71 million) was allocated as cash incentives for athletes and coaches who won in international competitions.
