The Philippine Amusement and Gaming Corporation (PAGCOR) kicked off 2025 with impressive financial results, posting P28.07 billion in total revenues for the first quarter—an 11.2% increase from P25.24 billion during the same period last year.
Gaming operations remained the primary revenue driver, contributing P25.52 billion. Within this segment, Electronic Games and E-Bingo led the pack with P14.32 billion in earnings, accounting for 56% of total gaming revenues. Licensed casinos followed with P8.32 billion or 32.6%, while PAGCOR-operated casinos added P2.88 billion or 11.31%.
This revenue growth was further bolstered by tighter financial management. PAGCOR successfully cut operating expenses by 15.54%, reducing them to P6.21 billion from P7.36 billion in the first quarter of 2024.
As a result, net income climbed to P4.22 billion—a 23% jump from P3.43 billion year-on-year.
Chairman and CEO Alejandro H. Tengco credited the robust performance to operational improvements and internal reforms aimed at boosting efficiency.
“This solid performance reflects PAGCOR’s commitment to responsible governance and fiscal discipline,” Tengco said. “The gains we have made in the first quarter will allow us to contribute even more to nation-building for the rest of the year.”
He added that PAGCOR will continue to strengthen its regulatory framework and pursue innovations to ensure that revenue gains translate into tangible benefits for Filipinos through its nation-building and corporate social responsibility (CSR) initiatives.
PAGCOR’s total contributions to nation-building reached P18.9 billion for the quarter, a 21.5% rise from P15.56 billion in the same period last year.