The Philippine Amusement and Gaming Corporation has reported total income of PHP51.66bn (US$906m) from its gaming operations during the nine months ending September 30.
This represents a robust year-on-year increase of 31.9 per cent and slightly exceeds the government’s budgeted target for this period.
Including income from other services and businesses, the Philippines’ gaming regulatory authority’s income has reached PHP55.95bn ($980m) in the first three quarters of this year.
According to the most updated data, PAGCOR records a profit of PHP37.1bn ($650m) after tax in the nine-month period this year. The figure represents an increase of 42.8 per cent compared to the same period in 2022.
PAGCOR holds the responsibility of licensing and overseeing all gaming activities throughout the Philippines, in addition to managing 42 casinos under the Casino Filipino brand and associated satellite establishments.
Source: Asia Gaming Brief