The Philippine Amusement and Gaming Corp. (Pagcor) announced a new record high revenue of P112 billion in 2024, a nearly 41 percent increase from the previous year. This remarkable performance was driven by the sustained growth of the electronic games sector, contributing P48.79 billion to the total revenue. Net operating income also reached P84.97 billion, and net income after contributions to nation-building stood at P16.77 billion.
THE Philippine Amusement and Gaming Corp. said its revenues hit a new record high of P112 billion in 2024, nearly 41 percent more than the P79 billion in the previous year, on the back of the sustained robust performance of the electronic games sector.Net operating income was at P84.97 billion or 51 percent higher than the year-ago level of P56.38 billion, while net income after deducting its P68.21 billion contributions to nation-building was at P16.77 billion.
Gaming operations and license fees remained the primary revenue sources, contributing P97.52 billion, while other revenue streams, including business income and service fees, added P14.18 billion.Net income more than doubled from P6.81 billion in 2023 to P16.76 billion in 2024.Tengco attributed the agency's remarkable financial performance to the e-games and e-bingo sectors, which contributed P48.79 billion or 50.03 percent of the 2024 gaming revenues.
Pagcor Revenue Gaming Electronic Games E-Bingo
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