• 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’s annual revenue to top US$1.8bln: Domingo 

Dec 26, 2018 Newsdesk Latest News, Philippines, Top of the deck  


Pagcor’s annual revenue to top US$1.8bln: Domingo 

The head of the Philippine Amusement and Gaming Corp (Pagcor), Andrea Domingo, says the body will end 2018 “with a really good performance”, making more than PHP100 billion (US$1.89 billion) in gross revenue for the full year.

During the first nine months of 2018, Pagcor – which operates publicly-owned casinos under the Casino Filipino brand, and also licenses and oversees private-sector properties – booked gross revenue of just over PHP85.37 billion, according to official data.

“I think we’re going to end the year with a really good performance,” said Ms Domingo (pictured), quoted in a Pagcor press release last week. “We will be breaching the PHP100 billion revenue mark this year,” she added.

Pagcor’s total income as of September 30 – net of gaming taxes and contributions to other government departments – stood at PHP58.96 billion. That included net income of PHP26.41 billion from gaming operations.

Of the gross income from gaming operations, Pagcor is required by law to pass at least 50 percent to the government’s treasury bureau, in addition to paying a franchise tax, and contributing to other social causes.

Pagcor had noted a jump in revenue and net income due to a land sale to Philippine casino operator Bloomberry Resorts Corp, completed in June.

Bloomberry’s unit Sureste Properties Inc paid PHP37.33-billion to Pagcor for two parcels of land in Metro Manila that are home to the group’s Solaire Resort and Casino. Pagcor reported a gain of PHP32.72 billion on the sale.

Gross gaming revenue (GGR) in the Philippines stood slightly above PHP158.36 billion in the calendar year to September 30, according to Pagcor. GGR for the first nine months of this year already surpassed the figure recorded for full-year 2017.

In November, an opposition politician in the Philippines filed a Senate resolution calling for hearings into the expanding number of gambling businesses.


  • tweet
Related articles
  • Public poll shows fears on POGOs, says Philippine lawmaker
    Public poll shows fears on POGOs, says...

    Jan 27, 2023  

  • Summit yet to demand payment on overdue interest: Suntrust
    Summit yet to demand payment on overdue...

    Jan 25, 2023  

More news
  • Available Macau casino tables busy at tail of CNY hols
    Available Macau casino tables busy at...

    Jan 27, 2023  

  • Macau economy to see double-digit growth in 2023: AMCM
    Macau economy to see double-digit...

    Jan 27, 2023  


Latest News

Available Macau casino tables busy at tail of CNY hols

Available Macau casino tables busy at tail of CNY hols

Jan 27, 2023  

Some Macau casinos visited by GGRAsia on Thursday, actually had tables that were closed, notwithstanding strong consumer demand during Chinese New Year (CNY). The reasons for some tables being...
Read More
Macau economy to see double-digit growth in 2023: AMCM

Macau economy to see double-digit growth in 2023: AMCM

Jan 27, 2023  

Macau, APAC early gainers in China tourist return says Fitch

Macau, APAC early gainers in China tourist return says

Jan 27, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


384,600

Aggregate number of visitors to Macau during the first six days of the Chinese New Year holiday break



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • G2E Asia in-person for Macau in 2023, first time since 2019G2E Asia in-person for Macau in 2023, first time since 2019 January 27, 2023
  • Nearly 70k visitors to Macau on 6th day of CNY breakNearly 70k visitors to Macau on 6th day of CNY break January 27, 2023
  • 71pct of Sands China licence spend for venues says parent71pct of Sands China licence spend for venues says parent January 26, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us