THE Philippine Amusement and Gaming Corp. (Pagcor) saw its net income grow to P14.32 billion in the first nine months of the year, driven by its ‘renewed focus’ on governance and modernization initiatives.
A statement that Pagcor issued last Monday read that the net income of the state-run gaming regulator and operator jumped by 49 percent to P14.32 billion from January to September this year from the P9.63 billion in the same period last year.
This comes after Pagcor’s total revenues grew by 5.87 percent to P84.09 billion as of end-September from P79.43 billion a year ago.
Pagcor Chairman and CEO Alejandro H. Tengco was quoted in the statement as saying that the corporation’s strong revenue performance shows the positive impact of its governance and modernization initiatives.
‘Our financial performance is a clear reflection of Pagcor’s renewed focus on governance, digital transformation, as well as sustainable and responsible gaming,’ Tengco said.
About P75.93 billion of Pagcor’s total revenues came from gaming operations, while other related services and other income contributed P8.16 billion.
With these financials, Pagcor was able to remit P54.26 billion, an 11-percent increase from the P48.88 billion the government-owned and -controlled corporation contributed to nation-building in the same period last year.
As mandated by Presidential Decree 1869, the national government received about P36.06 billion of the January-to-September 2025 remittance, which consists of half of Pagcor’s gaming revenues minus the 5-percent franchise tax. These funds also cover allocations for the Dangerous Drugs Board and the Philippine Health Insurance Corp.
In addition, Pagcor paid P3.79 billion in franchise taxes and P609.87 million in corporate income taxes to the Bureau of Internal Revenue.
The Pagcor also earmarked P11 billion for its socio-civic projects, including contributions to the President’s Social Fund.
Likewise, the Philippine Sports Commission received its mandated 5-percent share worth P1.80 billion, up by 8.66 percent from last year. Athletes and coaches who won in international sports competitions were also granted P26.54 million under the Sports Incentives and Benefits Act.
Other mandated Pagcor beneficiaries include the Board of Claims, which received P142.42 million, and the Renewable Energy Trust Fund, which got P201.47 million.
Cities hosting Casino Filipino branches were also allotted a total of P508.20 million in revenue shares.
‘Every peso that Pagcor earns goes back to the people through classrooms, health facilities, disaster response programs, and other community projects,’ Tengco said. ‘Our focus is to sustain this momentum while ensuring that the gaming industry continues to operate responsibly and contribute to national development.’