Pagcor earnings hit P25 billion in Q1

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Pagcor News

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The earnings of state-run Philippine Amusement and Gaming Corp. (PAGCOR) soared by 43 percent to P25.2 billion in the first quarter, driven by the electronic games sector.

Data showed the revenues of PAGCOR jumped by 42.5 percent to P25.2 billion in January to March from P17.71 billion in the same period in 2023.MANILA, Philippines — The earnings of state-run Philippine Amusement and Gaming Corp. soared by 43 percent to P25.2 billion in the first quarter, driven by the electronic games sector.

“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,” PAGCOR chairman and CEO Alejandro Tengco said. PAGCOR is the third biggest contributor to the Bureau of the Treasury, next to the Bureau of Internal Revenue and the Bureau of Customs.Flex your summer! 4 must-do activities to make this sunny season your best yetFor only P399: Elevate your skincare routine with your favorite serum brands at Watsons' Online Sale on April 26

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