• 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
  • Philippines must up AML to exit FATF grey list says lawmaker
    Philippines must up AML to exit FATF...

    Sep 22, 2023  

  • Pagcor taps Development Academy in reorganisation push
    Pagcor taps Development Academy in...

    Sep 19, 2023  

More news
  • Strong Macau hotel bookings for autumn Golden Week
    Strong Macau hotel bookings for autumn...

    Sep 22, 2023  

  • Big players, tourists due for Golden Week say Macau experts
    Big players, tourists due for Golden...

    Sep 22, 2023  


Latest News

Strong Macau hotel bookings for autumn Golden Week

Strong Macau hotel bookings for autumn Golden Week

Sep 22, 2023  

A number of hotel properties at Macau casino resorts has already sold all or most of the rooms that are available on the open market, for most nights of the upcoming autumn Golden Week holiday...
Read More
Big players, tourists due for Golden Week say Macau experts

Big players, tourists due for Golden Week say Macau experts

Sep 22, 2023  

Philippines must up AML to exit FATF grey list says lawmaker

Philippines must up AML to exit FATF grey list says

Sep 22, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”This year, so far, we will be starting [revamp] work at Grand Hyatt; then, we are looking at Countdown, and afterwards we will look at Altira and others”

Lawrence Ho

Chairman and chief executive of Melco Resorts



Most Popular

  • Golden Week Macau GGR to be 17pct up on rest of Oct: MSGolden Week Macau GGR to be 17pct up on rest of Oct: MS September 21, 2023
  • Grand Hyatt MICE revamp before year end: Melco CEOGrand Hyatt MICE revamp before year end: Melco CEO September 21, 2023
  • Melco to help Macau govt revitalise some Inner Harbour piersMelco to help Macau govt revitalise some Inner Harbour piers September 21, 2023
  • Strong Macau hotel bookings for autumn Golden WeekStrong Macau hotel bookings for autumn Golden Week September 22, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us