PAGCOR, GCG sign 2024 performance target
Monday 25 de March 2024 / 12:00
⏱ 1 min read
(Manila).- Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro Tengco and Governance Commission for GOCCs (GCG) Chairperson Atty. Marius Corpus recently signed PAGCOR’s 2024 Performance Scorecard which summarizes the state gaming agency’s targets and revenue projections for the year.
A highlight of the 2024 Performance Scorecard is PAGCOR’s projected gross gaming revenues (GGR) of Php336.38 billion for the Philippine gaming industry. The target is 17.91% or Php51.11 billion higher than the actual 2023 GGR of Php285.27 billion.
Meanwhile, PAGCOR-run casinos are projected to generate Php81.27 billion revenues from gaming operations by the end of the year. This is 2.39% or Php1.9 billion higher than the Php79.37 billion actual PAGCOR casino revenues in 2023.
Also in the 2024 Performance Scorecard are PAGCOR’s commitment of 100% payment of mandatory contributions to recipient agencies; attainment of Php5.266 billion net income (less income tax); and 98% collection efficiency of license and regulatory fees from the agency’s regulated gaming entities.
The state gaming firm likewise committed 90% disbursements budget utilization rate; retention of ISO 9001:2015 Certification (Pass Surveillance Audit); 100% of transactions processed within the prescribed period; 100% attainment of 2024 deliverables; and improvement on the competency baseline of the organization, among others
Categoría:Others
Tags: Sin tags
País: Philippines
Región: Asia
Event
SBC Summit Rio 2026
03 de March 2026
Pay4Fun Showcases Payment Innovation and Regulatory Leadership at SBC Summit Rio
(Rio de Janeiro, SoloAzar Exclusive).- Leonardo Baptista, CEO and co-founder of Pay4Fun, showcased the firm’s role as Brazil’s first authorized payment institution for the regulated betting and gaming market during SBC Summit Rio. Highlighting compliance, sector expertise, and efficiency, the company positioned itself as a trusted partner for operators adapting to Brazil’s new regulatory framework.
Friday 20 Mar 2026 / 12:00
Eeze LatAm's Maximiliano Ramos after SBC Summit Rio: "Brazil is the industry's spotlight today"
(Rio de Janeiro, SoloAzar Exclusive).- In this interview, Maximiliano Ramos, Eeze's Partnership Manager LATAM , analyzes the value of SBC Summit Rio as a key meeting point for the industry, the growth of the Brazilian regulated market and the opportunities opened up by artificial intelligence, strategic networking and innovation in user experience for gaming in the region.
Thursday 19 Mar 2026 / 12:00
Digital infrastructure strengthens trust in Brazil’s regulated betting market
(Rio de Janeiro).- The development of a robust technological infrastructure was highlighted as one of the key pillars for the functioning of Brazil’s regulated betting market during the panel “Building the Digital Infrastructure in Brazil’s Regulated Market,” held at the SBC Summit Rio event. The debate brought together representatives from the government, operators, and technology companies to discuss data monitoring, digital security, and consumer protection.
Friday 06 Mar 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.