The Philippine Amusement and Gaming Corporation (PAGCOR) recorded strong earnings growth in the first quarter of 2025, driven mainly by the expanding electronic gaming segment. The state-run body continues to meet government targets while also cutting costs and boosting its contributions to national programs.
Good to know
- PAGCOR’s Q1 2025 revenue beat the government target by 4.45%.
- E-games and e-bingo were responsible for over half of gaming income.
- Total national contributions grew by more than 21% year on year.
Electronic games and e-bingo have become PAGCOR’s biggest money-makers. These segments pulled in PHP14.32 billion during Q1 2025, accounting for 56% of total gaming-related income. Casinos, both licensed and directly run by PAGCOR, brought in a combined PHP11.2 billion.
Total revenue reached PHP28.07 billion ($502.9 million), which marks an 11.2% increase compared to the same quarter last year. Most of that amount — PHP25.53 billion — came from gaming operations and license fees.
Spending goes down, income goes up
Expenses dropped from PHP7.36 billion last year to PHP6.22 billion this quarter, reflecting a 15.5% reduction. At the same time, net income climbed to PHP4.22 billion, up 23% year on year.
PAGCOR Chairman and CEO Alejandro H. Tengco credited the results to a focus on fiscal control. “This solid performance reflects PAGCOR’s commitment to responsible governance and fiscal discipline,” Tengco said.
Contributions to national programs
Beyond revenue and profit, PAGCOR also raised its contributions to public funds. Total national contributions for Q1 came in at PHP18.9 billion, showing a 21.5% rise from 2024.
The agency is required by law to share a portion of its earnings with the government for social programs, infrastructure, and various public sector initiatives. Tengco highlighted that this growing contribution underlines PAGCOR’s ongoing role in “nation-building.”
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