Noticias de ultima
  • 12.00 Gaming Industry Rallies Behind Responsible Gambling at 27th AGEM & AGA Golf Classic Presented by JCM Global
  • 12.00 Aristocrat Expands Executive Leadership with Key Technology and EMEA Roles
  • 12.00 Dutch Gambling Regulator Urges Operators to Halt ‘Share Your Bet’ Feature
  • 12.00 In the run-up to the Men's Cricket World Cup, Sportradar launches "Custom Bet"
  • 12.00 Latvia Sees Continued Decline in Gambling Venues and Slot Machines Amid Tax Hikes
  • 12.00 Hard Rock International Announces $850m Hotel & Casino Development in Puerto Rico
  • 12.00 CT Interactive Expands Spanish iGaming Footprint with Yaasscasino.es Partnership
  • 12.00 IBJR Says Advertising Restrictions Could Weaken the Regulation of Betting in Brazil
  • 12.00 Casino.org analyzes trends among new online gaming operators in 2026
  • 12.00 Merkur Group Shines in Barcelona with Triple ICE Triumph
Others

Pagcor revenues up 32.32% to $15.5 Billion

Monday 12 de August 2024 / 12:00

2 minutos de lectura

(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.

Pagcor revenues up 32.32% to $15.5 Billion

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

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.