PAGCOR said its revenue fell 5% in 2025 to PHP106.03bn, from PHP111.72bn in 2024, as land-based casino income declined and offshore gaming was removed from the revenue mix. Electronic and online gaming revenue rose 9% to PHP53.33bn, while net income increased 4% to PHP17.47bn.
The results show how online and land-based gaming contributed differently to PAGCOR’s 2025 revenue.
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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.
PAGCOR chairman and chief executive Alejandro H. Tengco outlined the Philippines’ online gambling reforms at ICE Barcelona 2026. Measures include tighter identity checks, responsible-gambling tools, advertising controls and payment restrictions; PAGCOR also said it had completed the ban on Philippine Offshore Gaming Operations by the end of 2024 and was separating its regulatory and commercial functions.
The Philippine government said it would assess allegations of a conflict of interest involving PAGCOR chairman and chief executive Alejandro H. Tengco based on evidence about procurement procedures and any direct links to contract awards. Palace press officer Claire Castro said no formal anomalies had been documented; Tengco denies involvement and says he divested his interests in Nationstar Development Corp. in 2022.
PAGCOR approved a PHP50m grant to the Bureau of Immigration to cover deportation costs for foreign workers employed by illegal offshore gaming operators in the Philippines. The funding will be released in two PHP25m instalments, with the first paid at the agreement signing on 30 June.
International Entertainment Corp reported revenue of HK$852.5 million for the year to 30 June 2026, up 50.6% year on year, mainly reflecting growth at its LaVie casino in Manila. IEC said subsidiary New Coast Leisure expects to launch an online gaming business after receiving the necessary PAGCOR licences, working with DigiPlus subsidiary Total Gamezone Xtreme.