PH Gaming Revenue Soars 25% in 2024 Despite POGO Ban

MANILA – The Philippine gaming industry posted a 25% growth in gross gaming revenue (GGR) in 2024, reaching ₱410 billion, despite the government’s ban on Philippine Offshore Gaming Operators (POGOs), the Philippine Amusement and Gaming Corporation (PAGCOR) reported Tuesday.

Key Growth Drivers

✅ Brick-and-mortar casinos contributed ₱201 billion to the total GGR.
✅ The e-bingo sector surged by 165%, generating ₱154.41 billion in revenue.
✅ Electronic games saw strong growth, thanks to a reduction in licensing fees from 50%-55% to 30% as of January 2025.

PAGCOR’s Strategic Shift

PAGCOR Chairman and CEO Alejandro Tengco attributed the sector’s performance to policy reforms, including fee reductions that encouraged industry expansion.

“As offshore gaming exits, PAGCOR recognizes that the future of Philippine gaming will continue to become more technology-driven,” Tengco said, emphasizing the agency’s commitment to regulating e-gaming while combating illegal operators.

Financial Performance & Future Plans

• PAGCOR reported a record ₱112 billion in total revenues for 2024.
• Net operating income jumped 51% to ₱84.97 billion, with net income reaching ₱16.76 billion.
• The agency is pushing ahead with its casino privatization plan, aiming to raise ₱60 billion to ₱80 billion over the next five years.
• PAGCOR expects one integrated resort to open annually in the coming years.

Despite the POGO ban ordered by President Bongbong Marcos Jr., the industry remains resilient, signaling a shift towards technology-driven gaming operations.