PAGCOR Profit to Plummet Below P5 Billion Amid Increased Government Levies
The Philippine Amusement and Gaming Corp. (PAGCOR) anticipates its net income to fall below P5 billion this year, down from P17.47 billion in 2025, due to increased mandatory remittances to the Philippine Sports Commission and weakened gaming revenues amid consumer spending slowdown.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Angara Launches Search for Literacy Champions Through 2026 National Literacy Awards
The Department of Education (DepEd) has released the guidelines for the 2026 National Literacy Awards (NLA), aiming to recognize partners contributing to literacy advancement nationwide. This initiative underscores the department's ongoing commitment to improving literacy rates.
- Marcos Launches New Employment Programs to Boost Filipino Livelihoods
President Ferdinand Marcos Jr. has launched new employment programs aimed at developing Filipino skills, improving job access, and fostering sustainable livelihoods. The initiatives, including Trabahong-Dagat, SkillPass, and Sagip-Trabaho, were announced during the 26th National Public Employment Service Office Congress in Cebu.
- DA revokes permit for suspected smuggled rice shipment before arrival
The Department of Agriculture announced it ordered the revocation of the sanitary and phytosanitary import clearance for a vessel carrying suspected smuggled rice before its arrival in the Philippines. Secretary Francisco Tiu Laurel Jr. made the decision after receiving "derogatory" information about the shipment.
- VP Duterte: Where's the evidence after House prosecutors drop 3 impeachment charges?
Philippine Vice President Sara Duterte criticized House prosecutors for dropping three of four impeachment charges, citing a lack of evidence. She stated the public deserves genuine accountability, not political theater.