PAGCOR revenue down 5% in 2025

The Philippine Amusement and Gaming Corporation reported revenue of US$1.8bn for the year.

The Philippines.- The Philippine Amusement and Gaming Corporation (PAGCOR) has released its financial report for the year 2025. It posted revenue of PHP111.7bn (US$1.80bn), down 5 per cent compared to the record revenue reached in 2024. According to the agency, the decrease was due to a decline in earnings from land-based casinos and the ban on offshore gaming operators.

Revenue from gaming operations amounted to PHP95.15bn (US$1.53bn), down from PHP97.53bn recorded in 2024. More than half of that, PHP53.33bn (US$859.2m), came from electronic and online gaming activities, including eGames, eBingo, and bingo grantees. Other revenue streams, including interest earnings, income and service fees, contributed PHP10.88bn (US$175.3m).

Alejandro H. Tengco, PAGCOR chairman and CEO, said revenue from PAGCOR-operated casinos declined by 18.12 per cent to PHP10.38bn (US$167.3m), while licensed casinos generated PHP31.44bn (US$506.6m), down 4.93 per cent year-on-year.

“The decline in revenues from land-based casinos is largely driven by the gradual change in player behaviour, with more customers opting for digital and online gaming platforms,” Tengco said and added: “This shift underscores the need for regulators to keep pace with how players engage with online gaming products.”

Tengco said PAGCOR had strengthened its regulatory framework for online gaming to ensure player protection and responsible gaming practices. “As digital gaming continues to grow, PAGCOR has implemented significant regulatory upgrades to protect players, promote transparency, and ensure that online gaming operates within a secure and well-regulated environment,” he said.

Revenue from eBingo, eGames and Bingo grantees rose by 9.30 per cent to PHP53.33bn, helping offset part of the decline in land-based gaming.

The year-on-year decline in gaming revenue was also influenced by the offshore gaming ban, as the segment contributed nearly PHP3bn in 2024 before the ban at came in at the end of the year.

PAGCOR reported PHP17.47bn in net income, up 4.18 per cent from PHP16.77bn in 2024. Contributions to nation-building reached PHP66.95bn (US$1.08bn), down from PHP68.21bn in the previous year. PHP45.19bn went to the National Treasury as the 50 per cent government share, including the PHP60m annual contribution to the Dangerous Drugs Board.

PAGCOR also allocated PHP4.76bn in franchise taxes and PHP907m in corporate income taxes to the Bureau of Internal Revenue. The Philippine Sports Commission received PHP2.26bn, while PHP95.08m was allocated as cash incentives for athletes and coaches who won international competitions. PAGCOR also earmarked PHP12.77bn to fund socio-civic programs, including those that are under the Office of the President.

Other mandated beneficiaries of PAGCOR’s 2025 revenues included cities hosting Casino Filipino branches (PHP678.1m), the Board of Claims under the Department of Justice (PHP123.98m), and the Renewable Energy Trust Fund (PHP169.89m).

See also:

See also: PAGCOR net income up 49% in first nine months of 2025

The Philippine Amusement and Gaming Corporation reported revenue of US$1.8bn for the year. The Philippines.- The Philippine Amusement and Gaming Corporation (PAGCOR) has released its financial report for the year 2025. It posted revenue of PHP111.7bn (US$1.80bn), down 5 per cent compared to the record revenue reached in 2024. According to the agency, the decrease…