The state-run Philippine Amusement and Gaming Corp (Pagcor) reported net income of PHP4.22 billion (US$75.6 million) for the first three months of 2025, up 23.0 percent from the prior-year period, according to a Wednesday press release.
Total revenue in the three months to March 31 rose by 11.2 percent year-on-year to PHP28.07 billion.
The agency said the bulk of its first-quarter revenues were from gaming operations, which contributed nearly PHP25.53 billion.
More than half of such gaming revenues were generated by the electronic games and e-Bingo segment, at PHP14.32 billion.
Licensed casinos produced revenue of PHP8.32 billion, accounting for 32.6 percent of aggregate first-quarter revenues. Pagcor-operated casinos – under its network of Casino Filipino venues – contributed nearly 11.3 percent, or PHP2.88 billion.
Pagcor’s operating expenses stood at PHP6.21 billion in the opening quarter of 2025, down 15.54 percent from a year earlier.
Alejandro Tengco, chairman and chief executive of Pagcor, said in Wednesday’s announcement: “This solid performance reflects Pagcor’s commitment to responsible governance and fiscal discipline.”
“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,” he added.
Pagcor’s total contributions to nation-building in the first three months of 2025 reached PHP18.9 billion, up 21.5 percent from a year earlier.
The regulator reported revenue of PHP111.71 billion for full-year 2024, up 40.7 percent year-on-year.
