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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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ECA and AGEM applaud creation of Association Assembly at ICE Barcelona

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The news that January’s ICE Barcelona will include a major new feature dedicated to global gaming’s most influential trade associations has been welcomed by organisations in Europe and abroad.

Making full use of the additional space at the Gran Via Fira de Barcelona, the first ICE Association Assembly has been created to enable trade bodies to promote their values and create new opportunities for the gaming community across every sector and geography, including both the Brussels-based European Casino Association (ECA) and the Association of Gaming Equipment Manufacturers (AGEM), the global trade association for gaming equipment suppliers with its primary headquarters in Las Vegas.

Erwin Van Lambaart, Chair of the ECA confirmed: “Our members are already planning their week in Barcelona and they will be at this historic edition of ICE in great numbers. ICE is a pivotal event for the global gaming community and having a show floor feature which will enable us to engage directly with all sectors is a unique opportunity.

“Traditionally, our association’s involvement at ICE and its Conference program has primarily centred around networking and product development orientation—connecting with our members, regulators, suppliers, and fellow trade bodies. However, ICE 2025 marks a significant milestone. For the first time, the ECA will have the chance to fully interface with the global industry supply chain in its entirety. We are looking forward to this unique opportunity to articulate our vision for the future to a diverse and comprehensive audience, where innovation, responsibility and significant partnerships for guest and customer centricity will have centre stage.”

Daron Dorsey, CEO of AGEM added: “We represent the interests of our gaming suppliers whose well-known brands are global in reach, so to be given the opportunity to explain our agenda and engage with what is a truly international audience of association colleagues on the ICE show floor is invaluable.”

January’s editions of ICE and iGB Affiliate will occupy 120,000sqm of space compared to the 100,00sqm at ICE 2024. In a major endorsement of the opportunities offered by the relocation to Barcelona 72% of the 25 biggest exhibitors will have an increased stand presence at ICE 2025.

The post ECA and AGEM applaud creation of Association Assembly at ICE Barcelona appeared first on European Gaming Industry News.

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Blask Wins Prestigious “Startup of the Year” at 2024 Starlet Awards

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Blask, the pioneering AI-powered analytics ecosystem for iGaming, has been named “Startup of the Year” at the prestigious 2024 Starlet Awards. The company earned this recognition for developing a groundbreaking market intelligence platform that has redefined how gaming operators leverage data and market insights.

Award Recognition

The award confirms Blask’s revolutionary approach to market analytics and its significant impact on how iGaming companies access and utilise market intelligence. Powered by AI models including Computer Vision and Natural Language Processing, Blask analyses billions of data points across 2000+ active brands to provide unprecedented market insights.

The Starlet Awards recognition follows Blask’s recent SiGMA Asia Startup Pitch 2024 Award victory. “Winning these awards affirms our belief that innovation and bold ideas can reshape the iGaming landscape. The recognition underscores the impact of our cutting-edge AI technology and our relentless pursuit to transform data into actionable insights”, reflects Max Tesla, CEO and Co-founder of Blask

Blask provides operators with a strategic edge across multiple critical areas. Its real-time market analysis capabilities deliver instant access to crucial market metrics, while the high-granularity data available at one-hour intervals enables swift, informed decision-making. The sophisticated AI modelling system estimates GGR and FTD by analysing a comprehensive range of inputs, including historical data, third-party OSINT data, market performance, competitor metrics, historical brand performance, market reports, and public company disclosures.

Beyond analytics, Blask offers robust brand monitoring and competitor analysis tools, alongside strategic and tactical planning capabilities particularly valuable for market entry decisions and maximising performance during major events. The recently introduced customer profile feature harnesses AI to generate detailed, country-specific user profiles, adding another layer of strategic insight for operators.

The post Blask Wins Prestigious “Startup of the Year” at 2024 Starlet Awards appeared first on European Gaming Industry News.

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CONCEPT: VERSATILITY AND EFFICIENCY IN SPACES

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The CONCEPT cabinet line has been designed to maximize space in casinos, adapting to any configuration. Its efficient design allows for different bank arrangements, making the most of the available area. This gives operators greater flexibility in organizing their gaming floor.

Additionally, the integrated LED strips in CONCEPT eliminate the need for extra signs or wedges, creating a sleek and attractive visual at all times.

The post CONCEPT: VERSATILITY AND EFFICIENCY IN SPACES appeared first on European Gaming Industry News.

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