The Philippine Amusement and Gaming Corporation (PAGCOR) expects gross gaming revenue (GGR) to increase by 18% year-on-year to P336.38 billion in 2024.

This target represents a significant increase of 17.9%, equivalent to P51.11 billion, compared to the P285.27 billion actually recorded last year.

Forecasts for PAGCOR-operated casinos point to strong performance, with gaming revenue expected to reach Php81.27 billion by the end of the year.

The forecast marks a 2.39% increase and is P1.9 billion higher than last year’s actual revenue of P79.37 billion.

At the 6th ASEAN Gaming Summit on March 19, PAGCOR Chairman and CEO Alejandro H. Tengco said that privatization and regulatory reforms will make the Philippines the second largest gaming jurisdiction in the Asia-Pacific region, after Macau .

The 2024 performance scorecard outlines several key goals for PAGCOR, including a commitment to ensure mandatory contributions are paid in full to recipient institutions.

Additionally, the agency aims to achieve a net profit of P5.2 billion (after income taxes) and maintain licensing and regulatory fee collection efficiency of its regulated gaming entities at 98%.

Starting from April 1, the operator will implement a lower percentage license fee for online and live betting platforms, and gambling operators will remit money to PAGCOR at an average rate of 35%, which is approximately 5% lower than the current rate.

PAGCOR's Philippine casino properties will begin operations in late 2025 to early 2026.