{"id":7054,"date":"2024-04-30T08:30:35","date_gmt":"2024-04-30T08:30:35","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/04\/30\/pagcors-q1-records-42-6-year-on-year-income-surge\/"},"modified":"2024-04-30T08:30:35","modified_gmt":"2024-04-30T08:30:35","slug":"pagcors-q1-records-42-6-year-on-year-income-surge","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/04\/30\/pagcors-q1-records-42-6-year-on-year-income-surge\/","title":{"rendered":"Pagcor\u2019s Q1 Records 42.6% Year-On-Year Income Surge"},"content":{"rendered":"<div>\n<p>The Philippine Amusement and Gaming Corporation, or Pagcor, has achieved a noteworthy milestone by significantly increasing its revenue during the first quarter of 2024.<\/p>\n<p>Pagcor\u2019s Q1 income shot up to \u20b125.24 billion, a whopping 42.6% increase over \u20b117.70 billion in the same period last year. In addition to this noteworthy rise, Pagcor\u2019s income for a single quarter has never been higher than it was in 2019, breaking the previous record.<\/p>\n<h2><strong>Path to Historic Achievement<\/strong><\/h2>\n<p>Should Pagcor maintain its current trajectory, it is poised to surpass \u20b1100.0 billion in income for the first time in its 40-year history, a significant milestone. This projection would easily surpass the \u20b179.37 billion generated in 2023.<\/p>\n<p>Chairman and CEO Alejandro Tengco expressed optimism about Pagcor\u2019s performance, stating, <em>\u201cWe are happy to announce that Pagcor is able to sustain our growth trajectory in the first quarter of 2024 and this should help position us into achieving another record-breaking year.\u201d<\/em><\/p>\n<p>Pagcor\u2019s net operating income after expenses surged to \u20b118.99 billion in Q1, marking a remarkable 54.2% increase compared to the same period last year.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow noopener\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Gaming operations played a pivotal role in Pagcor\u2019s revenue stream, contributing \u20b122.29 billion in <a href=\"https:\/\/igaming.org\/casino-news\/q1-2023-booming-gaming-industry-in-the-philippines\/\">Q1.<\/a> Integrated resorts accounted for the majority of this revenue, generating \u20b18.04 billion. However, revenue from Pagcor-operated casinos experienced a slight decline compared to the previous year.<\/p>\n<p>Pagcor\u2019s robust earnings have significant implications for the government\u2019s socio-civic programs, including funding for the Universal Healthcare Programme. Tengco highlighted Pagcor\u2019s contribution, stating, <em>\u201cOur robust earnings also bode well for the government\u2019s various socio-civic programmes.\u201d<\/em><\/p>\n<p>Pagcor anticipates that the igaming (E-games) sector will continue to play a pivotal role in its revenue generation efforts. Tengco emphasized the sector\u2019s potential, stating, <em>\u201cAs we said earlier, the e-games sector will be our major source of gaming revenues this year.\u201d<\/em><\/p>\n<p>Pagcor\u2019s impressive performance in Q1 underscores its resilience and strategic initiatives, positioning it for continued success in the dynamic gaming industry landscape.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/pagcors-q1-records-42-6-year-on-year-income-surge\/\">Pagcor\u2019s Q1 Records 42.6% Year-On-Year Income Surge<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Philippine Amusement and Gaming Corporation, or Pagcor, has achieved a noteworthy milestone by significantly increasing its revenue during the first quarter of 2024. Pagcor\u2019s Q1 income shot up to \u20b125.24 billion, a whopping 42.6% increase over \u20b117.70 billion in the same period last year. In addition to this noteworthy rise, Pagcor\u2019s income for a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7054","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"The Philippine Amusement and Gaming Corporation, or Pagcor, has achieved a noteworthy milestone by significantly increasing its revenue during the first quarter of 2024. Pagcor\u2019s Q1 income shot up to \u20b125.24 billion, a whopping 42.6% increase over \u20b117.70 billion in the same period last year. In addition to this noteworthy rise, Pagcor\u2019s income for a\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Casino Online Best\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/casino-online-best.com\/index.php\/2024\/04\/30\/pagcors-q1-records-42-6-year-on-year-income-surge\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.1.1\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Best Online Casinos - News about Online Casinos\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Pagcor\u2019s Q1 Records 42.6% Year-On-Year Income Surge - Best Online Casinos\" \/>\n\t\t<meta property=\"og:description\" content=\"The Philippine Amusement and Gaming Corporation, or Pagcor, has achieved a noteworthy milestone by significantly increasing its revenue during the first quarter of 2024. 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