• 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 reports US$2.1mln net income in 3Q

Oct 28, 2021 Newsdesk Latest News, Philippines, Top of the deck  


Pagcor reports US$2.1mln net income in 3Q

State-run Philippine Amusement and Gaming Corp (Pagcor) reported net income of nearly PHP104.9 million (nearly US$2.1 million) in the three months to September 30, it said in a Thursday statement.

The body had posted net income of approximately PHP152.6 million for the first three months of 2021, which declined to just under PHP79.1 million as of June 30 this year.

Pagcor is an operator of publicly-owned casinos as well as the regulator for the country’s entire casino industry, which includes privately-developed venues.

In the third quarter, the body saw its gross income from gaming operations reach PHP7.05 billion, to an aggregate of PHP22.28 billion in the first nine months of 2021. In the first half, such income was PHP14.76 billion.

In its latest information, the gaming regulator said it paid out a total of almost PHP3.94 billion in gaming taxes and contributions in the third quarter.

The third-quarter deductions included just under PHP3.55 billion directly transferred to the Bureau of the Treasury. Pagcor is required by law to pass at least 50 percent of its gross earnings to that national government body.

Pagcor’s total third-quarter expenses were PHP4.39 billion. In the first nine months of 2021, such expenses were nearly PHP12.39 billion.

Pagcor said regulatory fees collected from licensed casinos reached PHP3.33 billion in the third quarter. For the nine months to September 30, such fees were PHP9.66 billion.

Casino operations in the Metro Manila area include the large-scale private sector sites of City of Dreams Manila, Okada Manila, Resorts World Manila, and Solaire Resort and Casino. During the third quarter, Manila’s casino resorts were subject to shutdown as a Covid-19 countermeasure, starting from August 6.

As of October 18, GGRAsia saw confirmation from several large private-sector casino resorts in Manila’s Entertainment City zone that gaming had restarted at those properties, following the relaxation of lockdown rules in the capital region.


  • tweet
Related articles
  • Pagcor missing US$43mln revenue from POGOs: audit
    Pagcor missing US$43mln revenue from...

    Jun 23, 2022  

  • Duterte thanks Pagcor for remitting US$817mln amid Covid
    Duterte thanks Pagcor for remitting...

    Jun 22, 2022  

More news
  • Maybe new Macau mass Covid test, community spread still
    Maybe new Macau mass Covid test,...

    Jun 24, 2022  

  • Blackstone clinches US$6.15bln takeover of Crown Resorts
    Blackstone clinches US$6.15bln takeover...

    Jun 24, 2022  


Latest News

Maybe new Macau mass Covid test, community spread still

Maybe new Macau mass Covid test, community spread still

Jun 24, 2022  

It is likely that Macau will shortly have a third round of citywide centre-based Covid-19 testing in little more than a week, after the results so far of a second mass test – that was due to finish...
Read More
Blackstone clinches US$6.15bln takeover of Crown Resorts

Blackstone clinches US$6.15bln takeover of Crown Resorts

Jun 24, 2022  

Jeju still studying online gaming for its casinos: govt

Jeju still studying online gaming for its casinos: govt

Jun 24, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$5.8 million

Amount that each Macau casino operator paid for the circa six-month extension of their respective contract



Most Popular

  • Okada Manila control dispute back in court: UniversalOkada Manila control dispute back in court: Universal June 22, 2022
  • Macau ops sign contract extension, eye fresh public tenderMacau ops sign contract extension, eye fresh public tender June 23, 2022
  • Macau gaming ops contract rollover signed today: CEMacau gaming ops contract rollover signed today: CE June 23, 2022
  • Macau shuts leisure sites amid Covid, casinos can still runMacau shuts leisure sites amid Covid, casinos can still run June 23, 2022
  • Claimed US$3.5mln scam on Chinese, Daegu Casino: reportsClaimed US$3.5mln scam on Chinese, Daegu Casino: reports June 22, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us