PAGCOR Revenue Climbs to PHP59 Billion in 1H25, UHC Contributions and Net Income Surge

The Philippine Amusement and Gaming Corporation (PAGCOR) announced a 14 percent year-on-year revenue increase in the first half of 2025, bringing in PHP59 billion ($1.03 billion), according to a press release issued by the state-run gaming authority.

This revenue growth was predominantly driven by the strength of PAGCOR’s core operations, with income from gaming activities and license fee collections amounting to PHP53.4 billion ($932 million). These two categories made up nearly 91 percent of total revenue for the period. An additional PHP5.7 billion ($99.8 million) was generated through non-gaming activities and related services.

The rise in earnings paralleled the PHP214.8 billion ($3.76 billion) in gross gaming revenues (GGR) recorded nationwide in the same timeframe. Buoyed by the industry's robust activity, PAGCOR’s contributions to national development programs rose to PHP38.1 billion ($667 million), reflecting a 20 percent increase from PHP31.8 billion ($557 million) during the first half of the previous year.

PAGCOR Chairman and CEO Alejandro H. Tengco disclosed that PHP25.36 billion ($444 million) of that contribution was remitted directly to the National Treasury, as required by law.

Of that total, PHP12.7 billion ($223 million) went to the Philippine Health Insurance Corporation (PhilHealth) under the provisions of the Universal Healthcare Law. An additional PHP30 million ($525,000) was transferred to the Dangerous Drugs Board.

“If the current pace continues, our UHC contribution could reach PHP25 billion ($438 million) by yearend—enough to provide PHP10,000 ($175) worth of healthcare assistance to over 2.5 million Filipinos,” Tengco stated.

Further disbursements included PHP2.7 billion ($47 million) in franchise taxes paid to the Bureau of Internal Revenue and PHP7.9 billion ($138 million) directed to socio-civic initiatives, including funding for the President’s Social Fund. The Philippine Sports Commission received a revenue share of PHP1.3 billion ($23 million).

Other allocations encompassed PHP341 million ($6 million) to local government units that host Casino Filipino branches, PHP269.2 million ($4.7 million) in corporate income tax obligations, PHP157.35 million ($2.75 million) to the Renewable Energy Trust Fund, and PHP109.2 million ($1.91 million) distributed to the Board of Claims.

In tandem with the revenue gains, PAGCOR reported a sharp 64.3 percent increase in net income, reaching PHP10.8 billion ($189 million), up from PHP6.6 billion ($116 million) during the same period last year.

“Our first-half performance reaffirms PAGCOR’s role as a vital government partner,” Tengco said. “We remain focused on continuously strengthening our regulatory framework to ensure that revenues from regulated gaming will continue to benefit the public good.” 

By fLEXI tEAM