The Philippine Amusement and Gaming Corporation (PAGCOR) reported a 49 percent jump in net income to P14.32 billion in the first nine months, driven by stronger gaming operations and improved efficiency across its business units.
From January to September, total revenues rose 5.9 percent year-on-year to P84.09 billion. Gaming operations accounted for the bulk at P75.93 billion, up 8.7 percent, while other services and income contributed P8.16 billion.
“Our financial performance reflects PAGCOR’s renewed focus on governance, digital transformation, and sustainable, responsible gaming,” said Chairman and CEO Alejandro H. Tengco.
The agency’s contributions to nation-building (CNB) climbed 11 percent to P54.26 billion from P48.88 billion last year. Of this, P36.06 billion—about two-thirds—went to the National Government, as mandated by Presidential Decree 1869. This share covers allocations for the Dangerous Drugs Board and the Philippine Health Insurance Corporation (PhilHealth).
PAGCOR also remitted P3.79 billion in franchise taxes and P609.87 million in corporate income taxes to the Bureau of Internal Revenue (BIR). Another P11 billion was set aside for socio-civic projects, including the President’s Social Fund.
The Philippine Sports Commission received its mandated 5 percent share worth P1.80 billion, while athletes and coaches who excelled in international competitions were granted P26.54 million under the Sports Incentives and Benefits Act.
Other beneficiaries included the Board of Claims (P142.42 million), the Renewable Energy Trust Fund (P201.47 million), and host cities of Casino Filipino branches, which collectively earned P508.20 million in revenue shares.
