{"id":777022504,"date":"2025-01-31T10:17:49","date_gmt":"2025-01-31T13:17:49","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777022504"},"modified":"2026-04-22T02:15:19","modified_gmt":"2026-04-22T05:15:19","slug":"posc-acquires-37-5-stake-in-hhrpi","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/posc-acquires-37-5-stake-in-hhrpi","title":{"rendered":"POSC acquires 37.5% stake in HHRPI"},"content":{"rendered":"\n

It will buy 81,000 common shares.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Pacific Online Systems Corp. (POSC) <\/strong>has announced that it has entered into an investment agreement with HHR Philippines<\/strong> to acquire 81,000 common shares (37.5 per cent of the company) worth PHP150m (US$2.5m).<\/p>\n\n\n\n

HHRPI is licensed by the Philippine Amusement and Gaming Corporation (PAGCOR) as both a provider of electronic gaming platforms for land-based and online gaming operators licensed and an online gaming provider under the brand Buenas.<\/p>\n\n\n\n

POSC said: \u201cThrough this investment in HHRPI, the corporation will be expanding its presence in the online gaming business through a company licensed by PAGCOR. The new capital to be infused by the corporation into HHRPI, on the other hand, will be utilised by the latter to fund its expansion activities.”<\/p>\n\n\n\n

PAGCOR reports record revenue for 2024<\/h2>\n\n\n\n

Yesterday (January 30), PAGCOR released its financial report for the year 2024.\u00a0It posted an all-time revenue record of PHP112bn (US$1.92bn), up 41 per cent\u00a0in year-on-year terms<\/a>. The regulator posted\u00a0net operating income<\/strong>\u00a0of PHP84.97bn (US$1.46bn), up 51 per cent year-on-year. Net income after contributions to nation-building reached PHP16.77bn (US$287m), up 146 per cent year-on-year.<\/p>\n\n\n\n

The e-games and e-bingo sectors<\/strong> became the biggest contributors with PHP48.79bn (US$836m) or 50.3 per cent of all gaming revenues. Casinos <\/strong>contributed PHP33.07bn (US$567m) while commercial casinos licensed by PAGCOR<\/strong> brought in PHP12.67bn (US$217m). Offshore gaming operators which were banned in December<\/a>, contributed PHP2.99bn (US$51m) .<\/p>\n\n\n\n

Contributions to nation-building <\/strong>increased by 37.61 per cent, reaching PHP68.20bn (US$1.17bn). This includes PHP46.32bn (US$793m) remitted to the National Treasury, PHP4.87bn (US$83m) in franchise taxes and PHP1.09bn (US$19m) in corporate income taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"

It will buy 81,000 common shares.<\/p>\n","protected":false},"author":176,"featured_media":9219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Pacific Online Systems Corp. (POSC) has acquired a 37.5% stake in HHR Philippines (HHRPI) for US$2.5 million, strategically expanding its presence in the online gaming sector through HHRPI's PAGCOR licenses for B2B platforms and B2C operations. Concurrently, the Philippine Amusement and Gaming Corporation (PAGCOR) reported record 2024 revenues of US$1.92 billion, a 41% year-on-year increase, primarily driven by the e-games and e-bingo verticals.","focusai_entities":"Pacific Online Systems Corp. (POSC), HHR Philippines (HHRPI), Philippine Amusement and Gaming Corporation (PAGCOR), Buenas","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), affiliate_publisher (0.7), product_ux (0.7), tech_data (0.7), marketing_crm (0.8), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"POSC Investment Strategy","query":"What are the projected strategic and financial returns for Pacific Online Systems Corp. from its 37.5% investment in HHR Philippines, considering HHRPI's B2B\/B2C licensing and expansion plans?"},{"label":"PAGCOR Growth Drivers","query":"What specific factors underpinned the 41% year-on-year revenue growth for PAGCOR in 2024, particularly the dominant contribution from e-games and e-bingo verticals?"}],"footnotes":""},"categories":[157,16333],"tags":[24607],"class_list":["post-777022504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-pacific-online-systems-corporation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022504","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=777022504"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022504\/revisions"}],"predecessor-version":[{"id":777022508,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022504\/revisions\/777022508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9219"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777022504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}