State-run Philipine Amusement and Gaming Corporation (PAGCOR) said revenues rose 14 percent to P59 billion in the first half of the year from P51.8 billion last year.
PAGCOR said bulk of its revenues came from gaming operations and license fee shares amounting to P53.4 billion while P5.7 billion came from other related services and non-gaming income.
Revenues from gaming alone jumped 17.7 percent year-on-year, driven primarily by the strong performance of licensed digital platforms and land-based casinos.
PAGCOR said the strong revenue stream allowed the agency to increase its contributions to nation-building (CnB).to PHP38.1 billion.
This was up by 20 percent from the P31.8 billion CnB in the same period last year.
“Of our total CNB, P25.36 billion was remitted to the National Treasury as the mandated government share,” PAGCOR Chairman and Chief Executive Officer Alejandro Tengco said.
“From that government share, P30 million was remitted to the Dangerous Drugs Board while half of the remaining amount –around P12.7 billion– was the PhilHealth share."
Tengco said that under the Universal Healthcare Law or Republic Act No. 11223, half of PAGCOR’s remittances to the National Treasury go to the Philippine Health Insurance Corporation to help provide Filipinos with equitable healthcare access.
“If the current pace continues, our UHC contribution could reach PHP25 billion by yearend, enough to provide P10,000 worth of healthcare assistance to over 2.5 million Filipinos,” Tengco said.
“This is the kind of impact we strive for: turning revenues from regulated gaming into direct public benefit."
PAGCOR also paid P2.7 billion in franchise taxes to the Bureau of Internal Revenue while P7.9 billion went to its socio-civic initiatives including the President’s Social Fund.
The Philippine Sports Commission, another major recipient of PAGCOR’s revenues, got P1.3 billion in share for the period.
PAGCOR likewise remitted P269.2 million in corporate income tax, while local government units hosting Casino Filipino branches got P341 million.
Other beneficiaries include the Board of Claims which received PHP109.2 million and the Renewable Energy Trust Fund which got P157.35 million.
Meanwhile, PAGCOR’s net income rose to P10.8 billion in the first half of 2025, up by 64.3 percent from the P6.6 billion in the same period last year.
“Our first-half performance reaffirms PAGCOR’s role as a vital government partner. We remain focused on continuously strengthening our regulatory framework to ensure that revenues from regulated gaming will continue to benefit the public good,” Tengco said.
PNA PHOTO
