The Philippine Amusement and Gaming Corporation (PAGCOR) has announced its highest-ever annual revenue, reaching $1.92 billion (₱112 billion) in 2024. This figure represents a 41% increase from 2023 and surpasses the previous record of $1.4 billion (₱82 billion) set in 2019. Alongside revenue growth, PAGCOR’s net income more than doubled, climbing 146% year-on-year to $287 million (₱16.8 billion). This substantial rise highlights the continued expansion of the country’s digital gaming sector, particularly E-Games and E-Bingo. “We are proud to announce that our 2024 financial performance is the best so far in the history of PAGCOR, and we thank our employees and stakeholders for making such achievement possible,” said PAGCOR Chairman and CEO Alejandro H. Tengco. E-Games and E-Bingo Fuel Revenue Growth The rapid expansion of E-Games and E-Bingo contributed significantly to PAGCOR’s strong financial results. These segments accounted for 50% of the year’s total gaming revenue, generating approximately $837 million (₱48.79 billion). “The continuous growth of the E-Games sector is… Read More

Category: News 

Source: Casino News Daily