PAGCOR Q1 Profits Up 23% on Strong e-Games, E-Bingo

PAGCOR reports 23% profit growth in Q1 2025 as e-Games and E-Bingo drive revenue gains, supporting both industry expansion and key social development projects.

The Philippine Amusement and Gaming Corporation (PAGCOR) posted strong financial results in the first quarter of 2025. The state-run gaming body reported ₱28.07 billion in total revenues, marking an 11.2% increase compared to the ₱25.24 billion posted in Q1 2024.

A major share — ₱25.52 billion — came from gaming operations. The e-Games and E-Bingo segment drove growth, accounting for ₱14.32 billion or 56% of that figure. Licensed casinos followed with ₱8.32 billion, while PAGCOR-owned casinos earned ₱2.88 billion.

More striking than revenue growth was the rise in net income, which jumped 23% to ₱4.22 billion, up from ₱3.43 billion a year ago. This was partly due to tighter spending. PAGCOR cut operating expenses by 15.5%, bringing them down to ₱6.21 billion.

Chairman and CEO Alejandro H. Tengco credited better management and tighter controls. “This is proof of PAGCOR’s efforts to be efficient and responsible,” he said. “These gains will help us give back even more to the country.”

Indeed, PAGCOR’s contribution to national programs reached ₱18.9 billion, up 21.5% from the same period last year. This includes funding for health, education, and infrastructure.

Looking ahead, PAGCOR plans to improve regulatory systems and increase transparency. The agency says it is committed to making sure that gaming revenues continue to support public welfare.

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