In 2023, the national government received PHP33.85bn from PAGCOR.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- The Bureau of the Treasury <\/strong>has reported that the Philippine government received PHP33.85bn from the Philippine Amusement and Gaming Corp (PAGCOR)<\/strong> in 2023. The figure, which constitutes the mandatory 50 per cent of the gaming regulator and operator’s net revenues, was 4.5 per cent lower than in 2019 (PHP35.46bn) before the onset of the Covid-19 pandemic.<\/p>\n\n\n\n PAGCOR reported income of PHP79.38bn (US$1.41bn)<\/a> for 2023\u00a0a year-on-year increase of 34.6 per cent, and gross income from gaming operations of PHP73.11bn (US$1.30bn), up 32.8 per cent, exceeding the Treasury’s target.\u00a0Gross gaming revenue (GGR) was up 33 per cent year-on-year<\/a>\u00a0at PHP285bn (US$5.1bn). outperforming the previous high of PHP256.49bn in 2019.<\/p>\n\n\n\n For 2024, the Treasury anticipates an income share of PHP29.87bn.<\/p>\n","protected":false},"excerpt":{"rendered":" In 2023, the national government received PHP33.85bn from PAGCOR.<\/p>\n","protected":false},"author":176,"featured_media":16426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine government received PHP33.85bn from PAGCOR in 2023, a 4.5% decline from 2019, despite PAGCOR's net revenues increasing by 34.6% year-on-year to PHP79.38bn. Notably, the national Gross Gaming Revenue (GGR) surged by 33% to PHP285bn, surpassing pre-pandemic peaks and indicating robust market recovery.","focusai_entities":"Philippine Amusement and Gaming Corp (PAGCOR), Bureau of the Treasury","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"2024 Revenue Projections?","query":"What specific operational strategies or regulatory adjustments are anticipated from PAGCOR to meet the Bureau of the Treasury's PHP29.87bn income share projection for 2024, particularly in light of the 2023 performance metrics?"},{"label":"GGR Vertical Performance?","query":"Which specific gaming verticals (e.g., land-based casino, online casino, sports betting) were the primary contributors to the 33% year-on-year GGR growth, and what market dynamics underpinned this expansion?"}],"footnotes":""},"categories":[163,16333],"tags":[405],"class_list":["post-777013875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777013875"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013875\/revisions"}],"predecessor-version":[{"id":777013885,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013875\/revisions\/777013885"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16426"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}