Others

Pagcor revenues up 32.32% to $15.5 Billion

Monday 12 de August 2024 / 12:00

www.msn.com

⏱ 2 min read

(Manila).-In a statement, Pagcor, the country’s gaming regulator, said the Philippines’ gross gaming revenue amounted to $15.5 billion in the April-to-June period, up by 32.32 percent from the P67.43 billion last year.

Pagcor revenues up 32.32% to $15.5 Billion

Revenues of the state-run Philippine Amusement and Gaming Corp. (Pagcor) went up by more than 30 percent to P89 billion in the second quarter, driven by the impact of policy reforms introduced last year.

In a statement, Pagcor, the country’s gaming regulator, said the Philippines’ gross gaming revenue amounted to P89.23 billion in the April-to-June period, up by 32.32 percent from the P67.43 billion last year.

For the second quarter, revenues of the electronic games (e-games) sector surged by 525 percent to P30.85 billion from P4.93 billion last year, making it the best growth performer among other sectors.

“This sector continues to surpass targets and should help cover up for any shortfall resulting from the President’s order banning [Philippine] offshore gaming operations or Pogos by the end of the year,” Pagcor chair and chief executive Alejandro Tengco said in a statement.

Tengco also attributed the rosy performance of the e-games sector due to policy reforms implemented by the agency last year.

President Ferdinand Marcos Jr. ordered an immediate ban on Pogos during his third State of the Nation Address last month following the industry’s links in human trafficking and illegal activities in the country.

Meanwhile, licensed casino’s logged P49.48 billion in revenues, albeit at a lower level from last year’s P51.70 billion and the P49.68 billion seen in the previous quarter.

Pagcor-operated casinos under the Casino Filipino brand also chipped in P4.20 billion during the period, down by 14.80 percent from P4.93 billion a year ago and 10.41 percent lower compared to last quarter’s P4.69 billion.

Operations from bingo contributed P4.69 billion, also lower from P5.85 billion last year and P4.81 billion in the first quarter.

Categoría:Others

Tags: Sin tags

País: Philippines

Región: Asia

Event

SiGMA North America 2026

01 de September 2026

Manuel Jiménez, CEO of SoluestBet: "Mexico is a priority market for us"

(Mexico City, SoloAzar Exclusive).- Manuel Jiménez, CEO of SoluestBet, analyzed his visit to SiGMA North America and highlighted the priority role of Mexico as a gateway between Latin America and North America. The executive also pointed out the opportunities for suppliers that manage to combine technology, commercial structure and solid relationships with operators in the region.

Monday 21 Sep 2026 / 12:00

Rocío Moitino of Ready Play Gaming looks back on her visit to SiGMA North America

(Mexico City, SoloAzar Exclusive).- After visiting SiGMA North America, Rocío Moitino Head of Sales, Latin America at Ready Play Gaming, analyzed the opportunities of the Mexican market and the new demands of operators. The executive highlighted the importance of combining product, distribution and commercial strategy, in addition to the potential of alternative formats to traditional slots.

Monday 21 Sep 2026 / 12:00

"Technology can be global, but execution in LATAM must be local": Borut Leban on Timeless Tech's Regional Expansion

(Mexico City, SoloAzar Exclusive).- Following a highly successful showing and a 'Best Aggregator 2026' award at SiGMA North America, Timeless Tech CEO Borut Leban reflects on the company's strategic growth across LatAm. In this interview, Leban discusses the necessity of deep market localization, concrete new business opportunities, and the upcoming launch of their unified retention ecosystem, Timeless Arena.

Friday 18 Sep 2026 / 12:00