Pagcor projects P87 billion revenue as gaming activity slows

MANILA — The Philippine Amusement and Gaming Corp. (Pagcor) is projecting full-year revenues of approximately P87 billion as the gaming regulator contends with a softening operating environment both domestically and internationally.

Pagecor Chairman and Chief Executive Officer Alejandro Tengco attributed the dampened earnings outlook to multiple factors constraining the industry's growth trajectory. The Middle East geopolitical crisis has dampened gaming activity among regional players, while increased government efforts to curb illegal and unlicensed gambling operations have further pressured revenue streams.

The revised forecast reflects a more cautious stance compared to prior expectations, as the corporation navigates operational challenges stemming from macroeconomic uncertainties and regulatory developments. The slowdown underscores the sensitivity of the gaming sector to both external shocks and domestic policy changes.

Pagecor remains the primary regulator and operator of legal gaming activities in the Philippines, overseeing casinos and gaming operations that generate substantial tax revenues for government coffers. The corporation's financial performance serves as a barometer for broader economic trends and consumer spending patterns in the country.