Philippines gambling revenues to rise 17% by 2025
Friday 28 de February 2025 / 12:00
2 minutos de lectura
(Manila) - The Philippines expects gambling industry revenues to rise another 17 per cent by 2025, a record high in 2024, driven by growth in electronic gaming and integrated resorts, according to statements by the country's gaming regulator chief.
Philippine Amusement and Gaming Corp (Pagcor) Chairman Alejandro Tengco told reporters that gross gaming revenues could range between 450 billion Philippine pesos and 480 billion Philippine pesos ($7.8 billion to $8.3 billion) this year.
That compares with 410.5 billion pesos in 2024, an increase of 25% from the previous year. Gross gaming revenues reflect the total amount wagered by players minus their winnings.
A boost in gaming revenues could bolster the Philippine government's public finances as Pagcor is obliged to transfer the majority of its earnings to the national treasury.
Electronic gaming could also offset losses from offshore gambling operators after President Ferdinand Marcos Jr. ordered them to wind down operations at the end of 2024, Tengco said.
The online gambling industry emerged in the Philippines in 2016, and expanded rapidly as operators leveraged the country's liberal gambling laws to target Chinese customers. Gambling is illegal in China.
($1 = 57.8860 Philippine pesos)
by Mikhail Flores
Categoría:Online Games
Tags: Sin tags
País: Philippines
Región: Asia
Event
ICE Barcelona 2026
19 de January 2026
Merkur Group Shines in Barcelona with Triple ICE Triumph
(Espelkamp/Barcelona).- Merkur Group secures three prestigious international accolades for operational excellence, social commitment, and standout exhibition experience.
Friday 06 Feb 2026 / 12:00
Eduardo Aching: "ICE 2026 was an exceptional event for Konami and its casino partners"
(Barcelona, SoloAzar Exclusive).- Eduardo Aching, Vice President of iGaming & International Gaming Operations at Konami Gaming, reflects on the company’s standout participation at ICE 2026, the strong reception to Solstice 49C and Konami Online Interactive, and the strategic push toward emerging regulated markets and expanded global partnerships.
Friday 06 Feb 2026 / 12:00
Belatra Games Strengthens LatAm Expansion and Innovation Strategy After ICE Barcelona 2026
(Barcelona, SoloAzar Exclusive).- Kateryna Goi, Chief Marketing Officer at Belatra Games, shares her assessment of the company’s participation in ICE Barcelona 2026, the quality of industry engagement at the event, and the strategic priorities shaping Belatra’s growth in 2026, with a strong focus on Latin America and narrative-driven innovation.
Friday 06 Feb 2026 / 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.