Despite the ban on Philippine offshore gaming operators (Pogos), PAGCOR reported a 37.5% rise in gaming revenues in Q3 2024, reaching P94.61 billion, driven by electronic gaming. CEO Alejandro Tengco credited e-gaming growth and anticipates it will offset Pogo revenue losses, with a target of P100 billion this year. Traditional bingo and Casino Filipino venues saw declines, but licensed casinos still accounted for over half of revenue, contributing P50.72 billion. Pogos faced a ban due to alleged criminal risks.
PAGCOR GAMING REVENUE SURGES DESPITE POGO BAN
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