The country’s record Php214.8bn in gross gaming revenues (GGR) in the first half of the year also pushed the earnings of the Philippine Amusement and Gaming Corporation (PAGCOR) to Php59bn, up 14 per cent from Php51.8bn year-on-year.
Consequently, the strong revenue stream enabled the agency to increase its contributions to nation-building to Php38.1bn, up 20 per cent from the Php31.8bn CNB in the same period last year, according to PAGCOR Chairman and CEO Alejandro H. Tengco.
“Of our total CNB, Php25.36bn was remitted to the National Treasury as the mandated government share,” the PAGCOR chief said. “From that government share, Php30m was remitted to the Dangerous Drugs Board while half of the remaining amount – around Php12.7bn – was the PhilHealth share.”
Mr. 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 Php10,000 worth of healthcare assistance to over 2.5 million Filipinos,” Mr. Tengco said. “This is the kind of impact we strive for: turning revenues from regulated gaming into direct public benefit.”
Bulk of PAGCOR’s revenues came from gaming operations and license fee shares amounting to Php53.4 billion while Php5.7 billion came from other related services and non-gaming income.
Revenues from gaming alone jumped 17.7 per cent year-on-year driven primarily by the strong performance of licensed digital platforms and land-based casinos.
PAGCOR also paid Php2.7 billion in franchise taxes to the Bureau of Internal Revenue while Php7.9bn went to its socio-civic initiatives including the President’s Social Fund.
The Philippine Sports Commission, another major recipient of PAGCOR’s revenues, got Php1.3bn in share for the period.
PAGCOR likewise remitted Php269.2m in corporate income tax, while local government units hosting Casino Filipino branches got Php341m.
Other beneficiaries include the Board of Claims which received Php109.2m and the Renewable Energy Trust Fund got Php157.35m.
Meanwhile, PAGCOR’s net income rose to Php10.8bn in the first half of 2025, marking a 64.3 per cent increase from Php6.6bn in the same period last year, according to Mr. Tengco.
“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,” he said.
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The country’s record Php214.8bn in gross gaming revenues (GGR) in the first half of the year also pushed the earnings of the Philippine Amusement and Gaming Corporation (PAGCOR) to Php59bn, up 14 per cent from Php51.8bn year-on-year. Consequently, the strong revenue stream enabled the agency to increase its contributions to nation-building to Php38.1bn, up 20…
The post Philippine casino revenues up 14 per cent in first half of 2025 appeared first on G3 Newswire.