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
StatsDrone Revolutionizes Data Analytics in iGaming at AffPapa Madrid 2026
(Madrid, SoloAzar Exclusive).- John Wright, CEO and co-founder of StatsDrone, shared with SoloAzar his insights after participating in the AffPapa Conference Madrid 2026. He discussed how the company presented its new analytics platform NousViz, the feedback received from attendees, and the strategic goals driving StatsDrone’s expansion in the iGaming and affiliate marketing industries.
Friday 29 May 2026 / 12:00
The Future of Operator-Affiliate Partnerships at AffPapa Madrid 2026
(Madrid, SoloAzar Exclusive).- At AffPapa Conference Madrid 2026, industry leaders gathered to discuss the evolving relationship between operators and affiliates during the panel “The Future of Operator-Affiliate Partnerships.” Moderated by Nugzar Ramishvili, the discussion featured Nikoleta Hristova, Havard Lehn, Nemanja Lazarevic, Gjorgje Ristikj and Armin Aganovic. The session explored key industry challenges including transparency, listing fees, AI adoption, streamer marketing, and the future sustainability of affiliate partnerships.
Friday 29 May 2026 / 12:00
Nordic.Partners Eyes the Future at AffPapa Madrid 2026
(Madrid, SoloAzar Exclusive).- During last week's AffPapa Conference Madrid 2026, SoloAzar spoke with Sara Hägge, CEO at Nordic.Partners, about the company’s participation in the event, the evolution of affiliate marketing within the global iGaming industry, and the strategic role of technology, branding, and community-building in today’s increasingly competitive market. In this interview, Hägge shares her views on affiliate needs, operational efficiency, AI integration, and the future opportunities shaping the affiliate ecosystem.
Thursday 28 May 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.
