PAGCOR Gaming Revenue Shifts as Digital Offsets Land-Based Decline

Written by

Share on social media

The Philippine Amusement and Gaming Corporation (PAGCOR) posted total revenues of Php106.03 billion for 2025, a 5.09% decline from the previous year as receipts from land-based casinos softened and offshore gaming ceased to contribute.

PAGCOR gaming revenue statistics

Key Takeaways:

  • PAGCOR’s total revenues declined by 5.09%, driven by a drop in land-based casino earnings
  • More than half of gaming revenue now comes from electronic and online segments, cushioning the decline
  • Despite revenue shifts, PAGCOR’s net income increased by 4.18%, aided by digital margins and cost controls

According to the announcement by PAGCOR, gaming operations produced Php95.15 billion while other income such as interest earnings and service fees added Php10.88 billion. 

PAGCOR-operated casinos generated Php10.38 billion, down 18.12% year-on-year with licensed casinos generating Php31.44 billion, a decline by 4.93% year-on-year. 

Speaking to this shift, PAGCOR Chair Alejandro H. Tengco said, “The decline in revenues from land-based casinos is largely driven by the gradual change in player behavior, with more customers opting for digital and online gaming platforms.” He highlighted regulatory upgrades aimed at protecting players and boosting transparency.

Gaming Revenue Mix Tilts Decisively Toward Digital

This is in contrast to the Php53.33 billion generated by the electronic and online segments such as eGames, eBingo and bingo grantees, more than half of gaming takings, cushioning the fall in brick-and-mortar earnings. 

The digital shift also follows a broader regulatory recalibration by PAGCOR. The regulator moved to cut tax rates on certain live sports wagering activities as part of wider reforms aimed at sustaining licensed activity.

PAGCOR recorded a record Php112 billion in 2024, driven by electronic games. 

Digital Margins and Cost Discipline Lift Earnings

PAGCOR nevertheless posted higher net income, reporting Php17.47 billion, up 4.18% year-on-year, reflecting cost controls and stronger digital margins through the year; PAGCOR previously reported a robust first nine months with net income up 49% to Php14.32 billion. 

Contributions to nation-building totaled Php66.95 billion, including Php45.19 billion remitted to the National Treasury and allocations for taxes, sports funding and socio-civic programs.