{"id":777023456,"date":"2025-02-27T09:52:26","date_gmt":"2025-02-27T12:52:26","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777023456"},"modified":"2026-04-22T01:22:16","modified_gmt":"2026-04-22T04:22:16","slug":"philippine-ggr-to-reach-up-to-us8-3bn-in-2025-pagcor-chairman-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippine-ggr-to-reach-up-to-us8-3bn-in-2025-pagcor-chairman-says","title":{"rendered":"Philippine GGR to reach up to US$8.3bn in 2025, PAGCOR chairman says"},"content":{"rendered":"\n

Alejandro Tengco expects the Philippines’ gross gaming revenue to hit a new record this year.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0Alejandro Tengco, the Philippine Amusement and Gaming Corporation (PAGCOR)\u2019s chairman and CEO, expects the country\u2019s gross gaming revenue (GGR)\u00a0to reach between PHP450bn (US$7.77bn) and PHP480bn (US$8.3bn) this year, setting a new record. The projection is supported by the PHP40bn (US$690.7m) in GGR reported in January, an increase from PHP28.5bn (US$492.1m) in the same month last year.<\/p>\n\n\n\n

Tengo said the growth will be mainly due to improved performance in the electronic games sector. He said: “I believe it [growth in GGR] will come from e-gaming and I believe the trend in January will continue. <\/p>\n\n\n\n

“E-games we continue to attract that unregistered to register because of the rates that are now comparable to the license fees of online gaming jurisdictions around the world. We will continue to accept unregistered to register so that is where growth will come from, and as I said, the IRs are gaining momentum.”<\/p>\n\n\n

\n
\"\"
Alejandro Tengco, PAGCOR’s chairman and CEO.<\/figcaption><\/figure>\n<\/div>\n\n\n

According to the e-gaming licensing department, GGR from e-games could reach PHP160bn (US$2.76bn) this year. GGR for 2024 was up 24.8 per cent year-on-year to PHP410.48bn (US$7.09bn). The land-based segment contributed the largest share to GGR, accounting for 49 per cent, followed closely by e-games, which represented 38 per cent. GGR from e-games surged by 309.2 per cent year-on-year to PHP135.7bn (US$2.34bn), while GGR from commercial casinos licensed by PAGCOR was down 2.7 per cent to PHP201.8bn (US$3.49bn).<\/p>\n\n\n\n

PAGCOR posted an all-time revenue record of PHP112bn (US$1.92bn) in 2024, up 41 per cent\u00a0in year-on-year terms<\/a>. The regulator posted\u00a0net operating income\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

In January, PAGCOR announced a reduction in fees for e-games<\/a> from 35 per cent to 30 per cent. The rates for e-games run by integrated resorts were cut to 25 per cent in recognition of physical operators\u2019 overheads. The fees were calculated as a fixed percentage of the GGR. According to the regulator, the reductions will provide gaming operators with additional resources for marketing and help promote growth and profitability within the sector.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Alejandro Tengco expects the Philippines’ gross gaming revenue to hit a new record this 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 projects the Philippines' gross gaming revenue (GGR) to reach a record PHP450bn-PHP480bn (US$7.77bn-US$8.3bn) in 2024, primarily driven by the robust growth in the e-games sector, which is expected to hit PHP160bn. This optimistic outlook follows PAGCOR's strong 2023 financial performance, including a 146% increase in net income, and recent fee reductions for e-gaming operators aimed at stimulating further market expansion and profitability. While e-games surged by 309.2% in 2023, GGR from commercial casinos licensed by PAGCOR saw a slight decline.","focusai_entities":"Alejandro Tengco, Philippine Amusement and Gaming Corporation (PAGCOR)","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.9), operator_casino (0.95), affiliate_publisher (0.75), marketing_crm (0.85), investor_analyst (0.98), supplier_vendor (0.88), journalist_researcher (0.95)","focusai_suggestions":[{"label":"E-games growth sustainability?","query":"What specific regulatory or market factors beyond fee reductions are PAGCOR implementing to ensure the sustained, long-term growth and formalization of the e-games sector, particularly concerning the registration of previously unregistered operators?"},{"label":"Impact on land-based GGR?","query":"Given the significant surge in e-games GGR and the slight decline in commercial casino GGR, what is PAGCOR's strategy to balance growth across gaming verticals and mitigate potential cannibalization effects on the land-based segment?"}],"footnotes":""},"categories":[163,24628,158,16333],"tags":[405],"class_list":["post-777023456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-highlight-of-the-week","category-slider-home","category-south-east-asia-news","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023456","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=777023456"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023456\/revisions"}],"predecessor-version":[{"id":777023478,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023456\/revisions\/777023478"}],"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=777023456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777023456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777023456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}