PAGCOR remitted PHP5.67 billion in dividends to the Philippine government for fiscal year 2025, the agency said. The payment represented 50% of its 2025 income and ranked fifth among contributions from 50 government-owned and controlled corporations.
The remittance transfers half of PAGCOR’s reported 2025 income to the Philippine government.
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The Philippine Amusement and Gaming Corp (Pagcor) said it released an initial PHP65.60m (US$1.1mln) in assistance to people affected by typhoons and flooding in Luzon. The aid covers food and non-food supplies for victims in Metro Manila and other parts of the region.
Sri Lankan authorities have blocked 122 online gaming platforms targeting local users and established a gambling regulator, according to reports. Further rules are expected to cover operators in Colombo Port City and elsewhere in the country. The report also said about 50,000 gambling sites had been blocked in the Philippines, with 95% to 97% operating overseas.
PAGCOR’s fit-and-proper assessments can cover directors, officers, significant shareholders and beneficial owners, according to an analysis by Arden Consult. The firm said investors holding at least 20% of an entity generally fall within scope, while licensed companies must report relevant management or ownership changes within 15 calendar days. The Philippines is due for a further international evaluation in 2027.
PAGCOR reported total revenue of Php64.41 billion for the first nine months of 2026, down 23.4% year on year. It attributed the fall mainly to a 37.2% decline in electronic gaming revenue to Php27.63 billion; net income fell 85% to Php2.17 billion. Chairman and chief executive Alejandro Tengco said the organisation would continue its regulatory and operational mandate.
PAGCOR reported total revenue of Php64.41bn for the first nine months of 2026, a 23.4% decline year on year, according to the Philippine Amusement and Gaming Corporation. The regulator and operator attributed the fall mainly to weaker electronic gaming revenue, which dropped 37.2% to Php27.63bn.
PAGCOR expects to raise PHP20bn to PHP30bn ($318m to $477m) from selling its Casino Filipino business, chairman Alejandro Tengco said, with a final valuation not yet set. The regulator aims to exit casino operations in Q3 or Q4 2027, pending presidential approval of its decoupling plan. Losses at the state-run chain are expected to reach at least PHP7bn ($111m) this year, reported by The Philippine Star.
The Philippine Amusement and Gaming Corporation is looking to raise between PHP20 billion and PHP30 billion, or $318 million to $477 million, by selling its Casino Filipino business as part of a separation of its casino operations from its regulatory role. According to the company's chairman and chief executive, Tengco, the final valuation has not been set. The Philippine Star reported that the regulator aims to exit casino operations by the third or fourth quarter of 2027.