Content Writer: Janice Chew • Monday, 25/11/2025 - 22:09:02 - PM
The Philippine Amusement and Gaming Corporation (PAGCOR) announced that its net income for the first nine months of 2025 reached ₱14.32 billion (approximately US $244 million), marking a year-on-year increase of 49 %.
Despite the sizeable gain, PAGCOR noted a deceleration in growth in recent months. This slowdown is linked to new regulatory restrictions on its e-games segment, which are expected to reduce earnings and weigh on performance for the remainder of the year.
Earlier in the year, PAGCOR had recorded robust growth: in the first half of 2025 it reported net income of ₱10.8 billion (US $188 million), an increase of 64.3 % year-on-year.
The current dynamic reflects a dual force: the underlying gaming operations and license-fee income continuing to expand, but being counter-balanced by emerging regulatory headwinds (particularly affecting the electronic gaming category) that may limit full-year upside.
Going forward, industry watchers will focus on how PAGCOR navigates the evolving regulatory environment, manages e-games exposure, and whether the sector can sustain momentum into the final quarter.