Pagcor revenues up 32.32% to $15.5 Billion
Monday 12 de August 2024 / 12:00
⏱ 2 min read
(Manila).-In a statement, Pagcor, the country’s gaming regulator, said the Philippines’ gross gaming revenue amounted to $15.5 billion in the April-to-June period, up by 32.32 percent from the P67.43 billion last year.
Revenues of the state-run Philippine Amusement and Gaming Corp. (Pagcor) went up by more than 30 percent to P89 billion in the second quarter, driven by the impact of policy reforms introduced last year.
In a statement, Pagcor, the country’s gaming regulator, said the Philippines’ gross gaming revenue amounted to P89.23 billion in the April-to-June period, up by 32.32 percent from the P67.43 billion last year.
For the second quarter, revenues of the electronic games (e-games) sector surged by 525 percent to P30.85 billion from P4.93 billion last year, making it the best growth performer among other sectors.
“This sector continues to surpass targets and should help cover up for any shortfall resulting from the President’s order banning [Philippine] offshore gaming operations or Pogos by the end of the year,” Pagcor chair and chief executive Alejandro Tengco said in a statement.
Tengco also attributed the rosy performance of the e-games sector due to policy reforms implemented by the agency last year.
President Ferdinand Marcos Jr. ordered an immediate ban on Pogos during his third State of the Nation Address last month following the industry’s links in human trafficking and illegal activities in the country.
Meanwhile, licensed casino’s logged P49.48 billion in revenues, albeit at a lower level from last year’s P51.70 billion and the P49.68 billion seen in the previous quarter.
Pagcor-operated casinos under the Casino Filipino brand also chipped in P4.20 billion during the period, down by 14.80 percent from P4.93 billion a year ago and 10.41 percent lower compared to last quarter’s P4.69 billion.
Operations from bingo contributed P4.69 billion, also lower from P5.85 billion last year and P4.81 billion in the first quarter.
Categoría:Others
Tags: Sin tags
País: Philippines
Región: Asia
Event
AffPapa Conference Madrid 2026
18 de May 2026
"Industry Referees for a Day" Boosts Networking at AffPapa Madrid 2026
(Madrid, SoloAzar Exclusive).- At the AffPapa Conference Madrid 2026, held May 18–20 in Spain, SoloAzar once again embraced interactive formats that brought together executives, operators, affiliates, and suppliers from the online gaming industry. This year, the media outlet introduced “Industry Referees for a Day”—a social media video series inspired by soccer and refereeing. Sector leaders were invited to use red, yellow, and green cards to highlight practices that either benefit or harm the iGaming ecosystem, while also sparking fresh networking opportunities among attendees.
Wednesday 03 Jun 2026 / 12:00
Highlights of the AffPapa Conference Madrid 2026
(Madrid)-. From May 18–20, the AffPapa Conference at Novotel Madrid Center transformed the city into an industry hub, featuring side events, two days of discussions, and extensive networking.
Wednesday 03 Jun 2026 / 12:00
BeSoccer explains its participation in AffPapa Conference Madrid 2026
(Madrid, SoloAzar Exclusive).- In an interview with Cristina Cano Meneses, AdOps and Link Building Manager, and Lamin Sane García, Account Manager of BeSoccer, the company's representatives reviewed their participation in AffPapa Conference Madrid 2026, where the firm presented its advertising solutions and strengthened ties with operators, affiliates and strategic partners in the global iGaming and sports betting industry.
Monday 01 Jun 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.
