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GMA Network
29-07-2025
- Business
- GMA Network
PH gaming industry grows 26% to P214.75B in H1 2025 — PAGCOR
The country's gaming industry saw a double-digit growth in terms of total revenues, reaching over P200 billion in the first half of 2025, thanks to continued popularity of online or digital betting among Filipinos. Data released by the Philippine Amusement and Gaming Corporation (PAGCOR) showed the sector's gross gaming revenues (GGR) stood at P214.75 billion from January to June 2025, up 26% from P171 billion year-on-year. This as the electronic gaming sector — composed of e-games, e-bingo, and bingo grantees – continued to outpace traditional or brick-and-mortar gaming with P114.83 billion in gross revenues or 53.47% of total GGR. Meanwhile, licensed casinos — comprised of integrated resorts and brick-and-mortar casinos in Metro Manila, Clark, Cebu, La Union and Rizal — accounted for 43.47% or P93.36 billion of the industry's GGR. PAGCOR-operated casinos, moreover, contributed the remaining 3.06% or P6.56 billion to the overall industry performance. 'PAGCOR recognizes the earning potential of the e-games sector, but as the country's gaming regulator, our foremost responsibility is to ensure that growth comes with accountability,' said PAGCOR chairman Alejandro Tengco. 'Our role goes beyond revenue generation; and as partners of the government in nation-building, we are committed to always strike a balance between enabling industry expansion and ensuring it aligns with responsible gaming standards,' added Tengco. The PAGCOR chief noted that the gaming industry regulator recently signed a memorandum of understanding with the Ad Standards Council (ASC) to strengthen the monitoring of gambling-related advertisements across all platforms. It also recently ordered the takedown of all gambling ads in public spaces and primetime TV by August 15 this year. 'These efforts are part of our broader mission to ensure that online gambling is not only well-regulated but also aligned with public interest,' said Tengco. — BAP, GMA Integrated News
GMA Network
24-07-2025
- Business
- GMA Network
PAGCOR: Casinos' gross gaming revenue hits P93.36 billion in H1 2025
'Of the P93.36 billion generated by the integrated resort casinos, P16 billion was paid to PAGCOR as license fees, ensuring funding for government social services and driving the country's economic growth,' PAGCOR chairman and CEO Alejandro Tengo said in his remarks at the Philippine Hotel Connect 2025 on Thursday. Integrated resort-casinos in the country have generated nearly a hundred billion pesos in gross gaming revenues (GGR) in the first half of 2025, according to the Philippine Amusement and Gaming Corporation (PAGCOR). 'Of the P93.36 billion generated by the integrated resort casinos, P16 billion was paid to PAGCOR as license fees, ensuring funding for government social services and driving the country's economic growth,' PAGCOR chairman and CEO Alejandro Tengo said in his remarks at the Philippine Hotel Connect 2025 on Thursday. Tengco said the resort-casinos accounted for nearly half of the local gaming industry's total GGR of P215 billion from January to June 2025. The PAGCOR chief said that aside from contributing to government revenues, integrated resort casinos also helped position the Philippines as a competitive tourism destination. 'We have seen time and again how a thriving hospitality sector can drive employment, fuel trade, revive local enterprises, and bridge communities. 'And nowhere is this more evident than in the huge tourism contributions from our licensed integrated resort casinos within and outside Metro Manila,' Tengco said. The PAGCOR chief, however, emphasized the need to impose safeguards in the gaming sector through effective regulation and responsible gaming practices. Tengco cited a recent move to remove gambling advertisements from areas frequented by minors and its memorandum of understanding with the Ad Standards Council to implement stricter gaming advertising guidelines. 'As the gaming industry expands, so must our safeguards,' he said. 'Hence, we have taken a firm stance against the proliferation of illegal and unregulated gaming operations that offer no safety nets or protection to players and, more importantly, no remittance or any form of revenue to the government,' he added. The PAGCOR chief called for continued collaboration between the government and the private sector to maintain the momentum of tourism recovery and long-term economic gains. –NB, GMA Integrated News
