PAGCOR Q1 shows strong financial performance, net income increases 23%
Wednesday 30 de April 2025 / 12:00
2 minutos de lectura
(Philippines).- The Philippine Amusement and Gaming Corporation (PAGCOR) continued its strong financial performance in the first quarter of 2025 as revenues hit Php28.07 billion, an 11.2% spike from Php25.24 billion a year ago.
The bulk of PAGCOR’s revenues came from gaming operations which contributed Php25.52 billion.
More than half of gaming the revenues came from the Electronic Games and E-Bingo segment which generated Php14.32 billion or 56% of the total, followed by licensed casinos at Php8.32 billion or 32.6%, while PAGCOR-operated casinos chipped in Php2.88 billion or 11.31% of the pie.
Complementing the strong revenue growth was PAGCOR’s continued focus on financial discipline as operating expenses were slashed by 15.54% to Php6.21 billion, down from Php7.36 billion in the same period last year.
As a result, the agency recorded a net income of Php4.22 billion, up 23% from the Php3.43 billion net income in the first quarter of 2024.
PAGCOR Chairman and CEO Alejandro H. Tengco attributed the strong performance to improved operational efficiency and strategic reforms within the agency.
“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.”
Mr. Tengco said the state gaming agency will continue to innovate and strengthen regulatory oversight to ensure that the agency’s revenues directly benefit the Filipino people through its nation-building and corporate social responsibility programs.
PAGCOR’s total contributions to nation-building (CNB) during the period in review reached Php18.9 billion, up 21.5% from the 2024 first quarter CNB of Php15.56 billion.
Categoría:Gaming
Tags: PAGCOR,
País: Philippines
Región: Asia
Event
Peru Gaming Show 2025
18 de June 2025
Facephi presented its digital identity verification solutions for the online gaming sector in Peru at PGS 2025
(Lima, SoloAzar Exclusive).- Facephi is consolidating its position as a strategic partner for responsible online gaming in Peru, presenting advanced identity verification, fraud prevention, and regulatory compliance solutions at PGS 2025, adapted to an increasingly digital and demanding ecosystem. In this interview, Bruno Rafael Rivadeneyra Sánchez, the firm's Identity Solutions Senior Manager, explores how its technology is redefining gaming security standards, with a preventative, seamless, and 100% regional approach.
Friday 18 Jul 2025 / 12:00
From PGS 2025, Win Systems Redoubles its Commitment to Peru: Innovation, Proximity, and Regional Expansion
(Lima, SoloAzar Exclusive).- In a revealing interview, Galy Olazo, Country Manager of Win Systems in Peru, analyzes the company's strategic role in one of the most thriving markets in the region. Its participation in the PGS 2025 trade show not only left its mark with its technological advances, such as the new Gold Club Colors electronic roulette wheels and the WIGOS management system, but also reaffirmed its commitment to the transformation of the sector and its consolidation in Latin America.
Tuesday 15 Jul 2025 / 12:00
Key debate during PGS 2025: Enforcement: Process to ensure compliance (laws, norms, rules)
(Lima, SoloAzar Exclusive).- During the 2025 edition of the Peru Gaming Show, the conference ‘Enforcement: Process to ensure compliance (laws, norms, rules)’ took place, with an international panel of professionals who debated about the current challenges to combat illegal gaming and guarantee the application of the laws in the sector, both in Peru and in the Latam region.
Monday 14 Jul 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.