{"id":777017241,"date":"2024-07-15T09:41:05","date_gmt":"2024-07-15T12:41:05","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017241"},"modified":"2026-04-22T08:09:44","modified_gmt":"2026-04-22T11:09:44","slug":"pagcor-reports-net-income-of-us112-34m-for-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-reports-net-income-of-us112-34m-for-h1","title":{"rendered":"PAGCOR reports net income of US$112.34m for H1"},"content":{"rendered":"\n<p>PAGCOR\u2019s income in the first half was up 121.48 per cent year-on-year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-\u00a0<strong>The Philippines Amusement and Gaming Corp (PAGCOR)\u00a0<\/strong>has shared its financial results for the first half of the year. Income was up 121.48 per cent\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/pagcor-reports-net-income-of-us662m-for-h1\" target=\"_blank\" rel=\"noreferrer noopener\">in year-on-year terms<\/a> to PHP6.56bn (US$112.34m).<\/p>\n\n\n\n<p>Total gross income reached PHP51.76bn (US$886.17m), up by 42.92 per cent. The majority of revenue, PHP45.39bn (US$777.1m), was generated from gaming operations, with 45.53 per cent, PHP20.66bn (US$353.79m), from online gaming, which includes E-Games, E-Bingo, and bingo grantees.<\/p>\n\n\n\n<p>Integrated resorts and licenced casinos contributed PHP16.06bn (US$274.99m), comprising 35.39 per cent of gaming revenues, while PAGCOR-operated casinos under the Casino Filipino brand generated PHP6.93bn (US$118.64m), 15.27 per cent of the gaming revenue.<\/p>\n\n\n\n<p>PAGCOR chairman and CEO\u00a0<strong>Alejandro Tengco\u00a0<\/strong>said: &#8220;PAGCOR\u2019s robust net income growth translates of course to a larger Contribution to Nation-Building. We were able to remit PHP31.82bn in CNB to the Treasury in the first six months compared to PHP22.62bn in the same period last year.&#8221;<\/p>\n\n\n\n<p>He added: \u201cGiven the phenomenal revenue increase in the E-Games sector, and with more players and investors signifying their intent to enter the Philippine market, we are confident that the year 2024 will be truly a banner year for PAGCOR.&#8221;<\/p>\n\n\n\n<p><strong>See also:<\/strong> <a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/pagcor-remits-us55-9bn-to-philippine-national-treasury\" rel=\"noreferrer noopener\">PAGCOR remits US$55.9bn to Philippine National Treasury<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PAGCOR\u2019s income in the first half was up 121.48 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":777008355,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"PAGCOR reported a 121.48% year-on-year increase in net income for H1 2024, reaching PHP6.56bn, driven by a 42.92% rise in total gross income to PHP51.76bn. Gaming operations, particularly online gaming (E-Games, E-Bingo), generated the majority of revenue, contributing significantly to the PHP31.82bn remitted to the National Treasury. This strong performance, especially in the E-Games sector, signals a robust outlook for the Philippine gaming market.","focusai_entities":"Philippines Amusement and Gaming Corp, PAGCOR, Alejandro Tengco, Treasury, Philippine National Treasury","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.7), operator_casino (0.9), affiliate_publisher (0.7), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8)","focusai_suggestions":[{"label":"Online Gaming Growth Drivers","query":"What specific regulatory or market factors are driving the 'phenomenal revenue increase' in PAGCOR's E-Games sector, and how sustainable is this growth trajectory?"},{"label":"Capital Allocation Strategy","query":"How will PAGCOR's increased 'Contribution to Nation-Building' impact national infrastructure projects or social programs, and what is the long-term capital allocation strategy for reinvestment into the gaming sector?"}],"footnotes":""},"categories":[163,158,16333],"tags":[405],"class_list":["post-777017241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-slider-home","category-south-east-asia-news","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017241","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=777017241"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017241\/revisions"}],"predecessor-version":[{"id":777017266,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017241\/revisions\/777017266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777008355"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}