State-run Philippine Amusement and Gaming Corp. (PAGCOR) said it continued its strong financial performance in the first quarter of 2025, as revenues hit P28.07 billion, an 11.2-percent spike from P25.24 billion a year ago.
The bulk of PAGCOR’s revenues came from gaming operations which contributed P25.52 billion.
More than half of gaming the revenues came from the electronic games and e-bingo segment which generated P14.32 billion or 56 percent of the total, followed by licensed casinos at P8.32 billion or 32.6 percent. PAGCOR-operated casinos chipped in 2.88 billion or 11.31 percent of the pie.
Complementing the strong revenue growth was PAGCOR’s continued focus on financial discipline as operating expenses went down by 15.54 percent to P6.21 billion from P7.36 billion in the same period last year.
The agency said it recorded a net income of 4.22 billion in the three-month period, up 23 percent from P3.43 billion in the first quarter of 2024.
PAGCOR chairman and chief executive Alejandro Tengco attributed the strong performance to improved operational efficiency and strategic reforms within the agency.
“This solid performance reflects PAGCOR’s commitment to responsible governance and fiscal discipline,” he 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,” said Tengco.
Tengco said the state gaming agency would continue to innovate and strengthen regulatory oversight to ensure that the agency’s revenues directly benefit the Filipino people through its nation-building and corporate social responsibility programs.
PAGCOR’s total contributions to nation-building (CNB) during the period in review reached P18.9 billion, up 21.5 percent from P15.56 billion a year earlier.
