The Philippine Amusement and Gaming Corp. (Pagcor) is a government-controlled corporation, and is a top income earner of the government and whose principal beneficiaries include the President's Social Fund, the Philippine Sports Commission, and government health, education, and scientific programs, among others.
Its charter was created by Presidential Decree No. 1869, which authorizes the corporation to put up games of chance, recreation centers and facilities, entertainment outlets, casinos, and sports and tourism-related undertakings.
In 2002 and 2003, it generated a total of R40 billion in gross income.
The corporation has 11,000 employees

PhilWeb Posts Profit Growth, Eyes Deals With Asian Gambling Outfits
MANILA, Philippines (February 23, 2010) – Reports online gaming company PhilWeb Corp. posted an 89-percent increase in net income last year and expects this year to be a busy one as it expands internationally by serving legal gambling outfits throughout the Asian region................Subscribers

Listed Online Technology Firm PhilWeb to Enter Mobile Lotto Gaming; Forms P1-Billion Mobile Lottery Unit
MANILA, Philippines (February 7, 2010) -  PhilWeb Corp., the country’s first listed online technology firm, has set up a P1 billion company that will operate mobile lottery games as part of a strategy to expand horizons......................Subscribers

Gaming Corporation Chief Seeks Fixed Term Prior to Commencement of Election Appointment Ban
MANILA, Philippines (January 26, 2010) – According to an ABS-CBN News report bills that would grant the Philippine Amusement and Gaming Corp. (PAGCOR) chief a fixed term of 3 to 7 years may still get passed even if there are only a few session days left before Congress adjourns for the May 10, elections......................Subscribers

Macau Gaming Firm Offers to Buy Into Listed DFNN
MANILA, Philippines (January 11, 2010) -- A Macau-based gaming company has offered to buy $3 million (about P138 million) worth of primary shares of listed DFNN, Inc., which will use the money to buy into a local gaming firm...................Subscribers

Online Gaming Business Boosts PhilWeb's Profit; Expects to Post P1Billion in Profit This Year
MANILA, Philippines (January 8, 2010) -- Local online gambling firm PhilWeb Corp. expects to post P1 billion in earnings this year as its various investments in 2009 are seen to start bearing fruit in the now-recovering domestic economy.....................Subscribers

Bid to Extend Terms of PAGCOR Chief, Board Past 2010 Blocked
MANILA, Philippines (December 14, 2009) – According to local media reports senators are opposing two identical bills seeking to extend the terms of the Arroyo-appointed current chairman and the members of the Philippine Amusement and Gaming Corp. (Pagcor) beyond 2010.....................Subscribers

State Owned Gaming Corporation Pagcor Doubles Income in Eight Years
MANILA, Philippines (December 14, 2009) -- It was reported today that the Philippine Amusement and Gaming Corp. (PAGCOR) reported that from a total annual income of P14.62 billion in 2000, the corporation posted a whopping P29.61 billion income in 2008 and P14.6 billion in the first semester of 2009 alone.....................Subscribers

Listed Internet Gaming Company Philweb Forms P1-Billion Subsidiary for Overseas Gaming Initiatives
MANILA, Philippines (November 23, 2009) – A leading Philippines newspaper reported today that listed online technology and gaming firm Philweb Corp. has put up a P1 billion company that will take charge of its proposed gaming initiatives abroad......................Subscribers

House Agrees to Grant PAGCOR Tax Exemption
MANILA, Philippines (November 17, 2009) – The Philippines reported today that a House panel on Tuesday agreed to exempt the hugely profitable Philippine Amusement and Gaming Corp. (PAGCOR) from paying income taxes, despite the objections of finance officials who said the government needed the revenues from the gaming firm.............Subscribers

Philippine Online Tech Company Philweb Posts US$3Million Q3 Net Income
Growth driven by expansion of PAGCOR e-Games cafaace network
MANILA, Philippines (October 21, 2009) -- Philweb Corporation, the Philippines' first and largest listed, online technology firm, reported that its net income for the third quarter period amounted to P144.8 million (US$3.1 million), or 133 per cent higher compared to the growth rate last year.....................Subscribers

State Owned Gaming Firm Told to Pay P6.8 Billion in Taxes
MANILA, PHILIPPINES (September 9, 2009) -- State-Owned Philippine Amusement and Gaming Corp. (Pagcor) owes the Philippine government a total of P6.8 billion in unpaid taxes............Subscribers

House to Pursue Probe of Spanish Gaming Firm
MANILA, Philippines (June 15, 2009) -- The House of Representatives will pursue its inquiry into the propriety of a Spanish gaming firm registered in a Northern Luzon economic zone engaging in betting operations outside its jurisdiction........................Subscribers

PhilWeb Allocates P80 Million for e-Cafés
MANILA, Philippines (May 29, 2009) -- Philweb Corp. is earmarking up to P80 million for capital expenditures (capex) this year, mainly to finance the establishment of more Pagcor e-Games cafés (Pegs)........................Subscribers

Listed Internet Company Philweb Corp Posts US$6.1 Million Net Income For 2008
MANILA, Philippines (Apr 14, 2009) -- PhilWeb Corporation (PSE:WEB), the Philippines' first ever listed internet company, has announced that it has posted a net income of......................Subscribers

Bill Seeks Full Audit of Government Gaming Corporation
MANILA, Philippines (April 1, 2009) -- The house of Representatives has passed to the Senate a bill requiring that all the funds and transactions of the Philippine Amusement and Gaming Corp. (Pagcor) including revenues, income and expenditures, be examined by the Commission on Audit (CoA)..............Subscribers

Listed Gaming Firm Doubles Profits Last Year, Reports Huge Earnings From Pagcor Games
MANILA, Philippines (January 23, 2009) -- Listed gaming firm PhilWeb Corp. expects to continue posting hefty profits this year as the online gambling industry shrugs off the effects of the slowing economy.................Subscribers

Internet-Gaming Business Responsible for Firms Net Income Increase of 74% in 9-Month Period
MANILA, Philippines (October 24, 2008) -- Philweb Corp. posted a net income of P211.8 million from January to September this year, up 74 percent from last year’s income in the same period.................Subscribers

Senate Urged to Compel State Owned Gaming Corporation to Settle Tax Issue
MANILA, Philippines (July 13, 2008) -- The Senate committee on ways and means has begun an inquiry into Philippine Amusement and Gaming Corporation’s (PAGCOR) tax status following complaints that the government has been losing huge potential revenue that could otherwise have been obtained from the corporation....................Subscribers

State Lottery and Gaming Corp Asked to Justify Advertising Spend
PHILIPPINES (April 23, 2008) -- Officials of the Philippine Charity Sweepstakes Office (PCSO) and the Philippine Gaming Corp. (Pagcor) have been summoned by the games and amusement panel in connection with a resolution for a congressional inquiry into the advertising funds of the two state-run firms.................Subscribers

SAGE Fails Bid To Recover P185 Million From State-Owned Gaming Corporation
MANILA, Philippines (April 22, 2008) - A gaming firm's bid to recover P185 million from the state-owned Philippine Amusement and Gaming Corporation failed when the Court of Appeals ruled that the firm's petition was falsified.................Subscribers

POC Gets P4.5 Million Pagcor Assistance for POF (Sports)
MANILA, Philippines (March 25, 2008) - The Philippine Olympic Committee (POC) has received P4.5 million assistance from the Philippine Amusement and Gaming Corporation (Pagcor) for the staging of the Philippine Olympic Festival this year................Subscribers

State Owned Gaming Firm owes P1Billion in Taxes
Senator Questions Interpretation of 5% Franchise Tax
MANILA, Philippines (March 4, 2008) –Local sources reported Senator Francis Escudero on Monday said it appears that the Philippine Amusement and Gaming Corp. (Pagcor) has not paid about P1 billion in franchise tax to the government..................Subscribers

Two Foreign Casino Firms Seek License From State Owned Gaming Enterprise
MANILA, Philippines (January 24, 2008) -- State-owned gaming firm Philippine Amusement and Gaming Corp. (PAGCOR) is finalizing the issuance of gaming licenses to two foreign operators that have expressed plans to put up casinos within the 800-hectare Pagcor City in Pasay City...................Subscribers

DFNN Gaming Unit Eyes Listing on London Exchange
MANILA, Philippines (December 17, 2007) -- The gaming unit of publicly listed information technology solutions provider Diversified Financial Network Inc. (DFNN) is considering listing on the London Stock Exchange or another foreign bourse to raise funds for increasing its stake in a recently acquired gaming company...............Subscribers

Pagcor Sets $1 Billion Ante for Gaming Complex
PHILLIPINES (October 9, 2007) -- Investors interested in a priority government project aimed at positioning the country as an Asian gaming haven need to be able to raise at least $1 billion to participate...............Subscribers

State Owned Gaming Corp. Reports Growth in First-Half Revenues
MANILA, Philippines (August 21, 2007) -- The state owned Philippine Gaming Corp. (Pagcor) reported its revenues hit ............Subscribers

Lawmaker Seeks Probe on Ad Spending By Government Gaming Monopolies
PHILIPPINES (July 5, 2007) -- A BICOL legislator on Sunday asked for a congressional inquiry into what he described as lavish spending habit of the Philippine Amusement and Gaming Corporation (Pagcor) and the Philippine Charity Sweepstakes Office (PCSO) on advertisements despite their virtual monopolies in the industry...........Subscribers

State-Run Gaming Corp. Sets Bidding For Gaming Complex
PHILIPPINES (June 25, 2007) -- The state-run Philippine Amusement and Gaming Corp. (PAGCOR) will hold the first pre-bid conference for the proposed $10-billion Entertainment City project in Manila in two weeks..........Subscribers

Hong Kong Firm to Supply New Games to Government Gaming Corporation
PHILIPPINES (June 17, 2007) -- LT Game Ltd., the subsidiary of casino games innovator Paradise Entertainment Ltd., has agreed to supply LIVE Baccarat and the Paradise Jackpot Systems to casinos operated by the Philippine Amusement and Gaming Corp. (Pagcor) after it inked an agreement with Orient Pearl Entertainment & Management Ltd............Subscribers

Opponents of Controversial Pagcor Bill Concede Defeat
MANILA, Philippines (February 20, 2007) – The House on Monday night voted 40-16 in favor of the controversial Pagcor bill, a measure extending for another 25 years the franchise of the Philippine Amusement and Gaming Corporation (Pagcor)..............Subscribers

Game-Tec Labs to Provide GT-ONE Gaming Platform to Kirschner Games International for Operation of PAGCOR’s Spin2Win Suite of Games in Philippines
CALIFORNIA, USA (January 24, 2007) -- Game-Tec Labs today announced that it has been selected by Kirschner Games International (KGI) to provide its comprehensive GT-ONE gaming platform for operation of a suite of casino themed games licensed and authorized by the Philippine Amusement and Gaming Corporation (PAGCOR)..........Subscribers

Questions Raised Over Legality of Government Gaming Corporation’s Online Betting Licensees
MANILA, Philippines (January 23, 2007) – A Marikina councilor claims that online betting, sanctioned by the Philippine Amusement and Gaming Corp. (Pagcor), is illegal in the eastern city due to an ordinance that bans pornographic Web sites and Internet gambling in public centers.........Subscribers

Online Sports Betting Facility Gets Nod
MANILA, Philippines (January 22, 2007) -- Publicly listed Philweb Corp. has received approval from Philippine Amusement and Gaming Corp. (Pagcor) to set up an online sports betting facility that will allow clients to bet on the results of foreign games..........Subscribers

Government Owned Gaming Corporation Posts Record Revenues in 2006
MANILA, Philippines (January 7, 2007) -- The Philippine Amusement and Gaming Corp. (PAGCOR), in its latest unaudited financial report, announced a record P25.4 billion in revenues last year............Subscribers

Government Owned Gaming Corporation on Track for Another Record Year
MANILA, Philippines (January 4, 2007) -- Remittance of the Philippine Amusement and Gaming Corp. (PAGCOR), a government-controlled corporation, to the national revenue reached P8.76 billion during the first 11 months of last year, data from the Bureau of Treasury show..........Subscribers