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PAGCOR plans CasinoFilipino online launch in first quarter of 2024

Licences & markets

PAGCOR plans to launch its CasinoFilipino online casino in the first quarter of 2024, chairman and chief executive Alejandro H. Tengco said on 20 July 2023. Tengco also said PAGCOR had begun negotiations with manufacturers to replace old machines with 3,500 electronic gaming machines under a lease agreement.

PAGCOR’s plans affect both its online casino launch and replacement of old machines with electronic gaming machines.

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PAGCOR reports 23.41% revenue decline to PHP64.41bn in nine months

PAGCOR reported that total revenue fell 23.41% year on year to PHP64.41bn in the first nine months of 2026, from PHP84.09bn a year earlier. Electronic gaming revenue dropped 37.23% to PHP27.63bn, while gaming operations revenue declined 23.44% to PHP58.13bn. PAGCOR attributed the downturn mainly to weaker gaming-business earnings and said a Supreme Court ruling also affected net income through a 5% gross-revenue remittance requirement.

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