The Philippine Amusement and Gaming Corp. over the weekend reported a 42.57% increase in its total income in the first three months of 2024, bringing the agency closer to hit its P100-billion annual income target for the year.In an emailed statement, PAGCOR said its total income grew to P25.24 billion while its net operating income after expenses for the quarter climbed by 54.22% to P12.32 billion.
“As we said earlier, the e-games sector will be our major source of gaming revenues this year and in the next few years as innovation and technological integration allows the sector to offer more excitement and convenience to gamers,” Tengco said.The agency noted, however, that revenues from PAGCOR-run casinos under the Casino Filipino brand slipped to P3.7 billion to reflect a 20.68% decline to its revenue contribution for the first quarter.