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PAGCOR Q3 REVENUES UP 42% TO PHP79.43 BILLION

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The Philippine Amusement and Gaming Corporation (PAGCOR) announced today that its revenues for the first nine months of the year have reached Php79.43 billion, up 42% from the Php55.95 billion revenues year-on-year.

The state gaming agency’s notable performance, according to PAGCOR Chairman and CEO Alejandro H. Tengco, was again driven by the robust Electronic Games sector followed by the country’s licensed casinos and integrated resorts.

“The Electronic Games sector alone contributed Php28.22 billion or 35.52% to the gaming revenue pie, followed by the licensed casino sector which chipped in 30.84% or Php24.50 billion from licensee fees,” he said.

Net income for the first nine months, meanwhile, was at Php9.63 billion, nearly double last year’s Php4.85 billion.

“Our third quarter performance is a strong indication that in spite of the President’s decision to ban offshore gaming operations in the country, we are still on track to meet our Php100 billion revenue target by yearend,” Chairman Tengco said.

Of PAGCOR’s Php79.43 billion revenues, Php69.88 billion came from gaming operations and license fees; Php6.43 billion from other related services; and other income at Php3.11 billion.

Mr. Tengco said bigger revenues means PAGCOR’s contributions to nation-building also increased by 40.39% to Php48.88 billion compared to last year’s Php34.82 billion.

“From our total contributions to nation-building, Php33.19 billion went to the National Treasury as 50% government share,” he said.

“Half of the remittances to the national coffers — or Php16.59 billion – has been earmarked for PhilHealth to fund the Universal Healthcare Law,” Mr. Tengco said.

Aside from remittances to the National Treasury, PAGCOR also paid a total of Php3.49 billion in franchise taxes and Php421.35 million in Corporate Income Taxes to the Bureau of Internal Revenue.

The Philippine Sports Commission (PSC), meanwhile, received Php1.65 billion as 5% PSC share while Php90.68 million was released as incentives for athletes and coaches who won in international sports competitions.

PAGCOR also continued to fund significant programs under the Office of the President totaling Php9.26 billion for the OP’s socio-civic projects in the first nine months.

Other recipients of PAGCOR’s mandated contributions are the cities that host Casino Filipino branches (Php525.95 million); the Board of Claims under the Department of Justice (Php99.08 million) to compensate victims of unjust imprisonment; and the Renewable Energy Trust Fund which was earmarked Php140.20 million.

The post PAGCOR Q3 REVENUES UP 42% TO PHP79.43 BILLION appeared first on European Gaming Industry News.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Adventure Awaits in Boat Bonanza CrocoNile!

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Play’n GO takes players on an unforgettable expedition to Egypt’s legendary Nile in Boat Bonanza CrocoNile!, filled with thrills, spills, and crocodile chills!

Captain Jim and Jane Bonanza are here, sailing into the exotic and mysterious waters of the Nile. Legend speaks of untold treasures hidden beneath its waters, guarded fiercely by crocodiles and the ominous Curse of Sobek. Fans of the Bonanza series and Egyptian adventures will find plenty to love in this latest journey packed with intriguing gameplay and captivating storytelling.

Boat Bonanza CrocoNile! introduces players to heart-pounding gameplay across a vibrant 5-reel, 12-payline slot. Experience thrilling features like Croc Carnage, where crocodiles swim onto the reels upgrading Catch Symbols, and Sobek’s Rage, an intense Lock’n Spin feature with escalating multipliers up to x10. Instant Prize rewards and engaging random features such as Spear Shot and Depth Charge add layers of excitement and align with Play’n GO’s dedication to innovative gameplay.

Fans who enjoyed previous Boat Bonanza adventures or Egyptian-themed slots such as Legacy of Egypt and Rich Wilde and the Book of Dead will find Boat Bonanza CrocoNile! irresistible. The game masterfully blends adventurous exploration with exotic Egyptian mystique, reminiscent of previous successful Bonanza titles, ensuring it will resonate deeply with players.

George Olekszy, Head of Game Retention at Play’n GO, said:

“Boat Bonanza CrocoNile! encapsulates everything players loved about our Bonanza series, but elevates the excitement with thrilling new mechanics. We’re confident that the game’s adventurous theme and innovative features will keep players coming back for more.”

With its engaging narrative, action-packed gameplay, and visually stunning setting, Boat Bonanza CrocoNile! is poised to be an adventurous addition to any slot enthusiast’s favourites.

The post Adventure Awaits in Boat Bonanza CrocoNile! appeared first on European Gaming Industry News.

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WinSpirit Casino Earns AskGamblers Certificate of Trust

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WinSpirit is proud to announce that it has officially received the Certificate of Trust from AskGamblers—one of the most respected accolades an online casino can achieve. This certificate is awarded only to platforms that demonstrate exceptional standards in key areas such as fast payouts, high player ratings, and a strong commitment to responsible gambling. It reflects WinSpirit’s dedication to player satisfaction and further strengthens the brand’s reputation as a trustworthy, high-performing casino.

With this recognition, WinSpirit reaffirms its promise to players: that their funds and personal data are protected, their rights are upheld, and their experience is both fair and rewarding.

“Receiving the Certificate of Trust is not just a badge of honour – it reflects the daily effort we put into building a casino that players and partners can rely on” — says Kate Van Engelen, PR Manager at WinSpirit.

“It motivates us to continue setting the bar high in fairness, support, and transparency,” she added.

AskGamblers is an acclaimed casino affiliate website, renowned for offering players unbiased, accurate, and up-to-date information about online casinos. The AskGamblers Certificate of Trust now takes pride of place on the WinSpirit website, serving as a clear symbol of quality, reliability, and transparency.

With over 17,000 games, a wide range of payment methods, 24/7 customer support, and generous bonuses, WinSpirit continues to set the standard for excellence in online gaming.

The post WinSpirit Casino Earns AskGamblers Certificate of Trust appeared first on European Gaming Industry News.

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Mindway AI partners with BetComply to scale safer gambling support

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Mindway AI, the award-winning safer gambling software company, has enlisted the skill set of BetComply, iGaming’s most trusted technical and regulatory compliance firm, as it looks to further develop its product offering and support more operators.

The partnership will see BetComply’s Safer Gambling & Sustainability Specialist Jez White and his team advising Mindway AI on how its solutions can be best incorporated into operators’ safer gambling functions.

BetComply will also provide support on Mindway AI’s product roadmap and new business opportunities, with a focus on GameScanner, an advanced software solution that helps gambling operators boost player protection and intervene early to prevent at-risk gambling behaviour.

BetComply’s Safer Gambling & Sustainability Specialist Jez White said: “Mindway AI is at the cutting edge of safer gambling technology, and we’re excited to support their mission to raise the industry standard. Our goal is to help bridge the gap between innovation and implementation, ensuring operators can fully harness tools like GameScanner to deliver more effective, proactive player protection.”

Mindway AI’s CEO Rasmus Kjaergaard added: “We’re thrilled to be working with BetComply, where Jez and his team’s vast operational experience will be a huge asset as we continue delivering our award-winning software to more clients. We’re excited about what we can achieve together.”

In March, White joined BetComply as the firm’s first Safer Gambling & Sustainability Specialist, following more than eight years at Entain, where he served as Director of Player Protection Systems and Analytics.

The post Mindway AI partners with BetComply to scale safer gambling support appeared first on European Gaming Industry News.

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