9.21 per cent sequentially<\/a>.<\/p>\n\n\n\nAccording to the regulator, the largest growth was seen in the eGames sector, where revenue rose by 525 per cent year-over-year to PHP30.85bn (US$538.66m). PAGCOR chairman and CEO Alejandro H. Tengco said the sector \u201ccontinues to surpass targets and should help cover up for any shortfall\u201d resulting from the ban on offshore gaming operations by the end of the year.<\/p>\n\n\n\n
Private casino resorts, including those located in Manila\u2019s Entertainment City, continue to be the biggest contributors generating PHP49.48bn (US$863.95m). Revenue from PAGCOR-operated casinos reached PHP4.20bn (US$73.33m), down 14.8 per cent from a year earlier and 10.41 sequentially. Bingo revenue was also down at PHP4.69bn (US$81.89m).<\/p>\n","protected":false},"excerpt":{"rendered":"
Chairman and CEO Alejandro Tengco says the agency has not yet amended its charter.<\/p>\n","protected":false},"author":176,"featured_media":8212,"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's privatization of its 45 casinos is delayed until early 2026, primarily due to the necessity for legislative charter amendments and complex negotiations, with projected sale proceeds now lower at PHP50bn. The agency's dual role as operator and regulator continues amidst a modernization program and strong Q2 GGR performance of US$1.56bn, driven significantly by the eGames sector.","focusai_entities":"Alejandro Tengco, Philippine Amusement and Gaming Corporation, PAGCOR, IAG Academy Summit, Hilton Manila","focusai_location":"The Philippines, Manila","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.9), operator_casino (0.92), investor_analyst (0.96), supplier_vendor (0.85), journalist_researcher (0.93)","focusai_suggestions":[{"label":"Impact of privatization delay?","query":"What are the specific implications of the delayed PAGCOR privatization on the competitive landscape and foreign direct investment appetite within the Philippine gaming sector?"},{"label":"Legislative amendment details?","query":"What are the key legislative amendments required for PAGCOR's charter revision, and how might these impact future B2B\/B2C licensing frameworks and regulatory compliance obligations?"}],"footnotes":""},"categories":[157,16333],"tags":[23907,405],"class_list":["post-777018992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-land-based-casino","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018992","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=777018992"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018992\/revisions"}],"predecessor-version":[{"id":777019014,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018992\/revisions\/777019014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8212"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}