written and last updated by
Sam Smith at
30 Apr 2025
Journalist, Editorial Department
The Philippine Amusement and Gaming Corporation (PAGCOR) has released its performance results for the first quarter of 2025, marking a period of robust growth. The organization's revenue increased by 11.2%, reaching ₱28.07 billion (approximately $42.1 million). PAGCOR emphasized that all funds generated will continue to be directed towards national development and social programs.
The primary source of the corporation's income is the gaming sector, which contributed ₱25.52 billion ($38.3 million). This figure slightly surpassed last year's total of ₱25.24 billion ($36.85 million). More than half of this revenue came from electronic games and bingo, which generated ₱14.32 billion ($21.5 million), accounting for 56% of the total. Licensed casinos added ₱8.32 billion ($12.5 million), while gaming establishments directly managed by PAGCOR contributed an additional ₱2.88 billion ($4.3 million).
The corporation's net profit rose by 23%, reaching ₱3.43 billion ($5.1 million). This growth was supported by strict financial discipline and a 15.5% reduction in operating expenses, which fell to ₱6.21 billion ($9.3 million).
PAGCOR's significant achievements have also been reflected in its social contributions. Donations to corporate and charitable programs increased by 21.5%, totaling ₱18.9 billion ($28.3 million) for the quarter. Recent initiatives include the opening of a new dialysis center in Pampanga and the launch of the 49th socio-cultural complex for emergency and general use.
PAGCOR Chairman Alejandro Tengco stated, "These strong results reflect our commitment to responsible management and financial discipline. The achievements of the first quarter will enable us to make an even greater contribution to the country's development in the remaining months of 2025."
It is worth noting that PAGCOR reported an increase in net profit for the first half of 2024.
