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The Philippine Amusement and Gaming Corp. saw a 32% increase in its gross gaming revenues for the second quarter, largely driven by the electronic games sector that grew its top line by over six times to a fresh record high. PAGCOR said its GGR hit P89.23 billion, 32.32% higher than the P67.43 billion the same quarter in 2023, and 9.21% higher than the P81.70-billion industry quarter in the first quarter.The agency attributed the growth to the e-games sector which brought in P30.
42-billion decrease in foreign investments due to corruption perception, and P0.5 billion on additional costs for law enforcement and immigration.In terms of total benefits, POGOs contributed P166.49 billion. This includes P40.65 billion in direct benefits — P27.80 billion in income from housing space rentals, P5.26 billion from withholding taxes, P4.44 billion from gaming taxes, P3.15 billion in revenues to the PAGCOR.Licensed casinos, meanwhile, brought in P49.
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