Gambling Operator PAGCOR Hits Record $433 Million Revenue in Q1 2024
Kate Marshal
24 May 2024
Comment 0
The Philippine Amusement and Gaming Corporation (PAGCOR) has reported a record-breaking revenue of $433.4 million for the first quarter of 2024, according to the company’s financial report.
This figure represents a 42.6% increase, setting a new record for PAGCOR’s highest quarterly revenue.
The previous record was set in 2019, prior to the Covid-19 pandemic ($337.6 million).
After expenses, the net operating income stood at $329 million (a 54.2% increase). With this strong start to 2024, PAGCOR projects a record annual income exceeding $1.7 billion.
Chairman and Chief Executive Alejandro Tengco commented on the results, stating, “PAGCOR is able to sustain our growth trajectory in the first quarter of 2024 and this should help position us into achieving another record-breaking year. Our robust earnings also bode well for the government’s various socio-civic programmes including funding for the Universal Healthcare Programme which provides health insurance to millions of poor Filipinos through Philhealth.”
PAGCOR, a state-owned enterprise owned by the Philippine government, manages 46 gaming establishments in the country and also serves as the local gaming regulator.
Best Bonuses
Win Win Promo Code – Valid Bonus Code Today
Активен до: 22.12.2028
Get 100% first-deposit bonus for sports betting, followed by extra bonuses on the 2nd, 3rd and 4th deposits after the welcome bonus has been wagered.
BitStarz Bonus Code – Welcome Bonus
Активен до: 22.12.2026
BitStarz offers a welcome bonus: up to $500 or 5 BTC, plus extra rewards after your first deposit.
Best Linebet Promo Code for New Users: 2 Welcome Bonuses
Активен до: 22.12.2026
Up to 1766 USD + 150 free spins for casino or a 100% sports bonus up to 117.89 USD on the first deposit.
Working 888starz.bet Promo Code – Sports & Casino Bonus
Активен до: 22.12.2027
Promo code unlocks the full welcome package, including up to €1500 + 150 Free Spins in the casino and up to €400 in sport.
Working Pinco Promo Code 2026 – Elite Welcome Rewards
Активен до: 22.12.2026
New players at Pinco can claim a 160% casino bonus on their first deposit by registering with the promo code GPARK.
Official Fonbet Promo Code 2026 for €3,000
Активен до: 22.12.2026
Choose a multi-stage casino bonus and get up to €3,000 and 225 free spins across your first five deposits.
