State-run Philippine Amusement and Gaming Corp. (PAGCOR) said Wednesday the record gross gaming revenues (GGR) of P214.8 billion in the first half of 2025 boosted its revenues to P59 billion and its net income to P10.8 billion.
PAGCOR said its net income jumped 64.3 percent to P10.8 billion in the first six months of 2025 from P6.6 billion in the same period last year.
“Our first-half performance reaffirms PAGCOR’s role as a vital government partner. We remain focused on continuously strengthening our regulatory framework to ensure that revenues from regulated gaming will continue to benefit the public good,” PAGCOR chairman and chief executive Alejandro Tengco said in a statement.
PAGCOR said its revenues in the six-month period went up 14 percent from P51.8 billion year-on-year. Tengco said the strong revenue stream allowed the agency to increase its contributions to nation-building to P38.1 billion, a 20-percent rise from P31.8 billion in the same period last year.
“Of our total contributions, P25.36 billion was remitted to the National Treasury as the mandated government share,” Tengco said.
He said that from that government share, P30 million was remitted to the Dangerous Drugs Board, while half of the remaining amount – around P12.7 billion– went to the Philippine Health Insurance Corp. (PhilHealth).
Under the Universal Healthcare Law (Republic Act No. 11223), half of PAGCOR’s remittances to the National Treasury are allocated to PhilHealth to help provide Filipinos with equitable healthcare access.
“If the current pace continues, our Universal Healthcare contribution could reach P25 billion by year-end, enough to provide P10,000 worth of healthcare assistance to over 2.5 million Filipinos,” Tengco said.
“This is the kind of impact we strive for: turning revenues from regulated gaming into direct public benefit.”
The bulk of PAGCOR’s revenues, P53.4 billion, came from gaming operations and license fee shares, while P5.7 billion was generated from other related services and non-gaming income.
Revenues from gaming jumped 17.7 percent year-on-year on the strong performance of licensed digital platforms and land-based casinos.
PAGCOR also paid P2.7 billion in franchise taxes to the Bureau of Internal Revenue, and P7.9 billion went to its socio-civic initiatives, including the President’s Social Fund.
The Philippine Sports Commission, another major recipient of PAGCOR’s revenues, received P1.3 billion for the period.
PAGCOR remitted P269.2 million in corporate income tax, while local government units hosting Casino Filipino branches received P341 million/.
Other beneficiaries included the Board of Claims, which received P109.2 million and the Renewable Energy Trust Fund, which got P157.35 million.
