{"id":777017725,"date":"2024-07-31T09:32:14","date_gmt":"2024-07-31T12:32:14","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017725"},"modified":"2026-04-22T07:38:34","modified_gmt":"2026-04-22T10:38:34","slug":"pagcor-expenses-reach-us266-6m-in-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-expenses-reach-us266-6m-in-h1","title":{"rendered":"PAGCOR expenses reach US$266.6m in H1"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Expenses were up 26 per cent in year-on-year terms.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">The Philippines.- The Philippines Amusement and Gaming Corp (PAGCOR)\u00a0has reported that its expenses amounted to PHP15.64bn (US$266.6m) in the first half of the year. The figure was up 26 per cent compared to last year (PHP12.3bn). The regulator said actual spending had surpassed its target expenses by 20 per cent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Personnel services expenses rose by 28 per cent to PHP7bn (US$119.3m). Maintenance and other operating expenses increased by 52.5 per cent to PHP5.3bn (US$90.4m).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PAGCOR has reported 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>\u00a0to PHP6.56bn (US$112.34m) in the first six months of the year. 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 from online gaming, which includes E-Games, E-Bingo, and bingo grantees.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Integrated resorts and licenced casinos contributed PHP16.06bn, 35.39 per cent of all gaming revenues, while PAGCOR-operated casinos under the Casino Filipino brand generated PHP6.93bn.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>See also: <\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/pagcor-denies-ordering-immediate-shutdown-of-offshore-gaming-operators\" rel=\"noreferrer noopener\">PAGCOR denies ordering immediate shutdown of offshore gaming operators<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Expenses were up 26 per cent in year-on-year terms.<\/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":"The Philippine Amusement and Gaming Corp (PAGCOR) reported a 26% year-on-year increase in H1 expenses, reaching PHP15.64bn and surpassing targets by 20%. Concurrently, gross income surged 42.92% to PHP51.76bn, primarily driven by gaming operations, with online gaming contributing 45.53% of total gaming revenues, underscoring a significant shift in revenue generation.","focusai_entities":"Philippines Amusement and Gaming Corp, PAGCOR, Casino Filipino","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Expense Overrun Analysis","query":"What specific operational or strategic investments contributed to PAGCOR's 20% expense overrun against target, and what governance frameworks are being implemented to enhance cost efficiency in subsequent periods?"},{"label":"Online Gaming Strategy","query":"Considering online gaming now constitutes 45.53% of PAGCOR's gaming revenues, what are the strategic implications for B2B\/B2C licensing frameworks and regulatory compliance in this rapidly expanding vertical?"}],"footnotes":""},"categories":[163,16333],"tags":[405],"class_list":["post-777017725","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\/777017725","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=777017725"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017725\/revisions"}],"predecessor-version":[{"id":777017762,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017725\/revisions\/777017762"}],"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=777017725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}