The Philippine Amusement and Gaming Corp. (Pagcor) is closing two Casino Filipino branches in Talisay, Cebu, and Tagum, Davao del Norte, due to financial losses, as part of its ongoing rationalization plan. Pagcor Chairman and Chief Executive Officer Alejandro Tengco said in a statement that both...
Sustained robust performance of the electronic games sector drove the Philippine Amusement and Gaming Corporation’s (Pagcor) net income by more than double its earnings in 2023. Pagcor announced on Thursday, Jan. 30, that its net income more than doubled (146 percent) from P6.81 billion in...
Senator Mark Villar assured that the Business Process Outsourcing (BPO) industry will not be affected by the total ban on Philippine Offshore Gaming Operators (POGOs) as he led the inspection of Special Class BPOs (SCBPOs) in Aseana, Parañaque City. Senator Mark Villar leads the inspection of...
The Philippines' online casino industry is booming, with revenues of electronic games (E-Games) operators more than tripling in the first half of the year due to increased interest from Filipino players. The Philippine Amusement and Gaming Corp. (Pagcor) reported that the E-Games sector recorded a...
The Philippine Amusement and Gaming Corp. (Pagcor) said it would name a former high-ranking government official who lobbied for illicit offshore gaming operations. However, Alejandro H. Tengco, Pagcor chairman and chief executive, stated that he would unveil the name of this former Cabinet...
The Philippine Amusement and Gaming Corp. (Pagcor) said the real risk to national security emanates from foreign hacking and scam syndicates, not from legitimate and licensed offshore gaming operations (POGOs). In a statement, Alejandro H. Tengco, Pagcor chairman and chief executive officer...
The Philippine Amusement and Gaming Corp. (Pagcor) issued a reminder to the public that hosting unregistered online raffles on social media platforms is against the law. In a statement, Alejandro H. Tengco, Pagcor chairman and chief executive officer, said these activities constitute illegal online...
The Philippine Amusement and Gaming Corp. (Pagcor) has reported a surge in its net income for the first quarter of year. Alejandro H. Tengco, Pagcor chairman and chief executive officer, said the state-run firm's total earnings reached P25.24 billion from January to March, up 42 percent...
State-owned Philippine Amusement and Gaming Corp. (Pagcor) advanced its mandated cash dividend remittance to bolster the government's efforts in driving economic growth and development in the country. Alejandro H. Tengco, Pagcor chairman and chief executive officer, said that the gaming regulator...
The Philippine Amusement and Gaming Corp. (Pagcor) expects an increase in revenue from government-run casinos this year despite ongoing privatization initiatives. In a statement on Thursday, March 21, the gaming regulator and operator stated that Pagcor-operated casinos are expected to yield P81.27...
The Philippine Amusement and Gaming Corp. (Pagcor) expects full separation from its casino operations within the next five years, and aims to open at least one integrated resort (IR) each year to drive growth. In a statement, Alejandro H. Tengco, Pagcor chairman and chief executive officer, said...
The popularity of online gaming and casinos has surged significantly, with the Philippine Amusement and Gaming Corp. (Pagcor) reporting a near doubling of revenue from electronic games of chance over the past year. Alejandro H. Tengco, Pagcor chairman and chief executive officer, said on Monday,...
