{"id":8578,"date":"2025-01-31T06:46:16","date_gmt":"2025-01-31T06:46:16","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/01\/31\/pagcor-achieves-record-php112-billion-revenue-in-2024\/"},"modified":"2025-01-31T06:46:16","modified_gmt":"2025-01-31T06:46:16","slug":"pagcor-achieves-record-php112-billion-revenue-in-2024","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/01\/31\/pagcor-achieves-record-php112-billion-revenue-in-2024\/","title":{"rendered":"PAGCOR Achieves Record Php112 Billion Revenue in 2024"},"content":{"rendered":"<div>\n<p>In 2024, the Philippine Amusement and Gaming Corporation (PAGCOR) generated Php112 billion, setting a new revenue milestone. Compared to the Php79 billion reported in 2023, this is a noteworthy 41% increase. This accomplishment was made possible in large part by the Electronic Games industry\u2019s impressive success.<\/p>\n<p>PAGCOR\u2019s net operating income climbed to Php84.97 billion, a 51% gain from the previous year\u2019s Php56.38 billion. The agency\u2019s net income was Php16.77 billion after funding nation-building projects with Php68.21 billion.<\/p>\n<p>Chairman and CEO Alejandro H. Tengco expressed pride in this historic accomplishment. <em>\u201cWe are proud to announce that our 2024 financial performance is the best so far in the history of PAGCOR, and we thank our employees and stakeholders for making such achievement possible,\u201d<\/em> he said.<\/p>\n<p>Gaming operations and license fees remained the dominant revenue sources, contributing Php97.52 billion. Other streams, including business income and service fees, added Php14.18 billion.<\/p>\n<p>Tengco credited the E-Games and E-Bingo sectors for the agency\u2019s financial success. These segments generated Php48.79 billion, accounting for 50.03% of total gaming revenues. <em>\u201cThe continuous growth of the E-Games sector is the key driver of PAGCOR\u2019s record-breaking performance,\u201d he noted. \u201cIt reflects the increasing popularity of digital gaming platforms and the transformative impact of technology on the industry.\u201d<\/em><\/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\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.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\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/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><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/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 &#038; Sports<\/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\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>While PAGCOR\u2019s own Casino Filipino venues provided Php12.67 billion (12.99%), licensed casinos contributed Php33.07 billion (33.91%). The Philippine Offshore Gaming Operations (POGOs) sector generated Php2.99 billion (3.07%) to gaming revenues even after they were shut down in December 2024.<\/p>\n<h2>Increased Contributions to Nation-Building<\/h2>\n<p>With higher earnings, PAGCOR significantly boosted its contributions to national programs. It allocated Php68.20 billion to various initiatives, a 37.61% increase from 2023. The National Treasury received Php46.32 billion, marking a 33.39% rise from Php34.72 billion in the previous year.<\/p>\n<p>The agency also paid Php4.87 billion in franchise taxes and Php1.09 billion in corporate income taxes. The Philippine Sports Commission received Php2.31 billion, while Php91.88 million was given as incentives to athletes and coaches who participated in the 2024 Paris Olympic and Paralympic Games.<\/p>\n<p>Additionally, PAGCOR allocated Php12.37 billion for socio-civic programs under the Office of the President. Other beneficiaries included Casino Filipino host cities (Php698.60 million), the Board of Claims under the Department of Justice (Php178.80 million), and the Renewable Energy Trust Fund (Php248.01 million).<\/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\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.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\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow\">7Bit 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>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 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\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>PAGCOR had previously surpassed the Php100 billion mark only in 2018, reaching Php104.12 billion, though that total included a one-time property sale worth Php32.71 billion. This time, the record-breaking revenue was achieved solely through gaming and related operations, reinforcing the agency\u2019s strong financial trajectory.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/pagcor-achieves-record-php112-billion-revenue-in-2024\/\">PAGCOR Achieves Record Php112 Billion Revenue in 2024<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In 2024, the Philippine Amusement and Gaming Corporation (PAGCOR) generated Php112 billion, setting a new revenue milestone. Compared to the Php79 billion reported in 2023, this is a noteworthy 41% increase. This accomplishment was made possible in large part by the Electronic Games industry\u2019s impressive success. PAGCOR\u2019s net operating income climbed to Php84.97 billion, 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-8578","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=8578"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8578\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}