• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Pagcor profit flat for Jan-Sept period

Oct 26, 2016 Newsdesk Latest News, Philippines, Top of the deck  


Pagcor profit flat for Jan-Sept period

State-run Philippine Amusement and Gaming Corp (Pagcor) reported net income of PHP3.20 billion (US$66.2 million) for the first nine months of 2016, up slightly – by 0.3 percent – from the prior-year period.

Income from gaming operations – prior to gaming taxes and fees payable to the government – stood at PHP38.13 billion in the nine months to September 30, up 17.0 percent from a year earlier.

Total income for the period rose 3.1 percent year-on-year to PHP19.19 billion, negatively impacted by declines in non-gaming categories, Pagcor reported on Wednesday.

In its latest report, Pagcor said that total expenses for the January to September period increased 3.9 percent year-on-year to PHP15.98 billion. That was mostly related to increases in sports-related contributions Pagcor is mandate by law to do.

The state-run company, an operator of publicly owned casinos as well as the regulator for the country’s entire casino industry, also contributed a total of PHP20.02 billion to state funds in the first nine months of the year, via gaming taxes and other fees.

Pagcor is required by law to pass at least 50 percent of its gross earnings to the government’s treasury bureau.


  • tweet
Related articles
  • Pagcor CEO confident gaming sector will fully recover soon
    Pagcor CEO confident gaming sector will...

    Feb 03, 2023  

  • Pagcor says inter-agency work has quelled POGO-tied crime
    Pagcor says inter-agency work has...

    Feb 02, 2023  

More news
  • Macau early Feb average daily GGR higher than Jan: JPM
    Macau early Feb average daily GGR...

    Feb 06, 2023  

  • Macau tour trade returns at historic areas, resorts says govt
    Macau tour trade returns at historic...

    Feb 06, 2023  


Latest News

Macau early Feb average daily GGR higher than Jan: JPM

Macau early Feb average daily GGR higher than Jan: JPM

Feb 06, 2023  

Macau’s casino gross gaming revenue (GGR) for the first five days of February is estimated at MOP1.9 billion (US$235.1 million) – or MOP380 million per day – a level that suggests a “45...
Read More
Macau tour trade returns at historic areas, resorts says govt

Macau tour trade returns at historic areas, resorts says...

Feb 06, 2023  

Cambodia ops to Mar 31 for due tax on non-gaming: report

Cambodia ops to Mar 31 for due tax on non-gaming: report

Feb 06, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The resumption [of mainland package tours] is definitely good news: recovering foot traffic for casinos [in Macau] is really important and their comeback will help with that”

Hoffman Ma Ho Man

Deputy chairman of Success Universe Group, promoter of casino-hotel Ponte 16



Most Popular

  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
  • Galaxy Macau’s new arena to host K-pop group BlackpinkGalaxy Macau’s new arena to host K-pop group Blackpink January 9, 2023
  • Cyprus president says Melco CoD Mediterranean to aid nationCyprus president says Melco CoD Mediterranean to aid nation February 6, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us