PAGCOR reported net income of PHP6.56bn for the first half of 2024, up 121.48% year on year. The Philippine gaming industry’s gross gaming revenue rose 19.21% to PHP194.74bn, while PAGCOR remitted PHP31.82bn to the Treasury, compared with PHP22.62bn a year earlier.
PAGCOR’s income, industry revenue and Treasury remittances provide investors and operators a measure of Philippine gaming growth.
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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 aims to release a mobile app in December that lets the public confirm whether an online gaming operator holds a Philippine licence, chairman and CEO Alejandro Tengco said. The board approved the app's development and implementation on 8 October, including a proposed partnership with Development Bank of the Philippines Data Center, Inc. to build, host and maintain the platform at no cost to the regulator. A six-month evaluation of a proof of concept will precede full-scale implementation.
PAGCOR is aiming to launch a mobile app in December that would let the public check whether an online gaming operator holds a Philippine licence, the regulator said. The December target was disclosed on Monday, after PAGCOR had previously announced a fourth-quarter launch at September's IAG EXPO in Manila. Chairman and CEO Alejandro Tengco said the platform would give a reliable way to confirm an operator's licence status, with the aim of helping the public make informed choices and reducing the risk of dealing with illegal operators.
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.
PAGCOR chairman and chief executive Alejandro Tengco said the Governance Commission for Government-Owned and Controlled Corporations is expected to endorse PAGCOR’s proposal to separate its regulatory role from its Casino Filipino operations. The proposal would then go to the Office of the President for consideration; an executive order would be needed to proceed. Tengco also said PAGCOR plans to launch an app in the fourth quarter to direct users to regulated sites.
PAGCOR expects nearly PHP87bn in income for 2026. The forecast represents an 18% decline from 2025. Chairman and CEO Alejandro Tengco told a congressional budget hearing that e-wallet delinking had reduced gaming activity by 40%.