State-owned Philippine Amusement and Gaming Corp. (Pagcor) reported a strong double-digit revenue growth last year, but it fell short of pre-pandemic levels. In a statement, the government's gaming regulator and operator said that the company generated P79.37 billion in revenues from January to...
The Philippine Amusement and Gaming Corp. (Pagcor) boosted its contributions to state coffers in the first 11 months of last year, but they continued to lag behind pre-pandemic figures. Data from the Bureau of the Treasury showed that the national government's portion of Pagcor's earnings rose by...
Government-run casino centers are in for a major upgrade as the Philippine Amusement and Gaming Corp. (Pagcor) expects to deliver 3,000 brand new slot machines by January next year. Ajejandro H. Tengco, Pagcor chairman and chief executive officer, said the delivery of brand new slot machines is a...
The Philippine Amusement and Gaming Corp. (Pagcor) expects that the local gaming industry will see further growth in the coming years, fueled by increased demand for leisure, travel, and entertainment. In a statement, Ajejandro H. Tengco, Pagcor chairman and chief executive officer, said the gaming...
The government's portion of the income generated by the Philippine Amusement and Gaming Corp. (Pagcor) increased by almost half in the first seven months of the year but remained below pre-pandemic levels. According to the Bureau of the Treasury's report, the government's gaming regulator and...
The Philippine Amusement and Gaming Corp. (Pagcor) said the privatization of state-run casinos is set to be completed within the next two years. Alejandro H. Tengco, Pagcor chairman and chief executive officer, said the agency is currently undergoing a transition towards functioning solely as a...
Three Sandiganbayan justices denied anew the motion of former Philippine Amusement and Gaming Corporation (PAGCOR) chairman Efraim C. Genuino to inhibit them in the trial of his 39 criminal charges filed for alleged anomalous use of public funds amounting to P183.7 million. Presiding...
Philippine Amusement and Gaming Corp. (Pagcor) Chairman Alejandro H. Tengco denied any involvement in the reported disappearance of a P75 million performance bond from an e-sabong firm, stating that it occurred before his time in office. According to Pagcor, the alleged disappearance of the funds...
State-run Philippine Amusement and Gaming Corp. (Pagcor) expects stronger revenues this year as the local gaming industry continues to gain momentum following the easing of travel restrictions. Alejandro H. Tengco, Pagcor chairman and chief executive officer, said the regulator expects gross gaming...
The Philippine Amusement and Gaming Corp. (Pagcor) said it is "seriously considering" the sale of its casino operations, estimated to raise P80 billion in revenues for the government, to focus solely on regulatory function. In a statement, Alejandro Tengco, Pagcor chairman and chief executive...
State-owned Philippine Amusement and Gaming Corp. (Pagcor) is on track to hit its revenue targets, driven by country’s much improved economic environment amid the prolonged pandemic. Despite their “bad start” this year due to the surge of Covid-19 cases, Andrea D. Domingo, Pagcor chair and...
The Philippine Amusement and Gaming Corp. (Pagcor) has remitted fresh cash dividends to state coffers to support government programs aimed at mitigating the impact of the Russia-Ukraine crisis on the vulnerable sectors. In a statement, Andrea D. Domingo, Pagcor chair and chief executive officer...
