• 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 Jan-Apr gross revenue up 11pct year-on-year

Jun 03, 2019 Newsdesk Latest News, Philippines, Top of the deck  


Pagcor’s Jan-Apr gross revenue up 11pct year-on-year

State-run Philippine Amusement and Gaming Corp (Pagcor) reported gross revenue of PHP25.09 billion (US$482.5 million) for the first four months of 2019. The figure was 11.4 percent higher than in the prior-year period, according to reports from Philippine media quoting a statement from Pagcor.

Total revenue from gaming operations stood at PHP23.84 billion during the period. The media reports did not provide a year-on-year comparison for the figure.

“We will do our best to sustain this momentum,” Pagcor chairman and chief executive Andrea Domingo reportedly said, quoted in the statement.

Ms Domingo added: “Right now, we are recording a monthly average of PHP6.27 billion in revenue.”

Pagcor, an operator of publicly owned casinos as well as the regulator for the country’s entire casino industry, announced in late April it had reported net income of PHP1.55 billion for the first three months of 2019. The figure was 9.5 percent higher than in the prior-year period. The Philippine casino sector produced PHP52.52 billion in gross gaming revenue in the first quarter, according to Pagcor data.

Pagcor reported net income of approximately PHP31.49 billion for full calendar year 2018, up by 536.6 percent from 2017. Such jump in net income was due to a land sale to Philippine casino operator Bloomberry Resorts Corp, completed in June last year. 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.


  • tweet
Related articles
  • Pagcor taps Development Academy in reorganisation push
    Pagcor taps Development Academy in...

    Sep 19, 2023  

  • Pagcor to be just a gaming regulator by 2025: Tengco
    Pagcor to be just a gaming regulator by...

    Sep 18, 2023  

More news
  • GEN Malaysia stable outlook, rebound taking its time: Fitch
    GEN Malaysia stable outlook, rebound...

    Sep 21, 2023  

  • Golden Week Macau GGR to be 17pct up on rest of Oct: MS
    Golden Week Macau GGR to be 17pct up on...

    Sep 21, 2023  


Latest News

GEN Malaysia stable outlook, rebound taking its time: Fitch

GEN Malaysia stable outlook, rebound taking its time: Fitch

Sep 21, 2023  

Fitch Ratings Inc has affirmed the long-term issuer default rating of casino operator Genting Malaysia Bhd at ‘BBB’, an investment grade, according to a memo published on Wednesday. The ratings...
Read More
Golden Week Macau GGR to be 17pct up on rest of Oct: MS

Golden Week Macau GGR to be 17pct up on rest of Oct: MS

Sep 21, 2023  

Philippine Senate committee supports ban on POGOs

Philippine Senate committee supports ban on POGOs

Sep 21, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Genting Malaysia’s revenue rebound has been slower than our expectations, and the impact on leverage has been compounded by Empire’s weak metrics”

Akash Gupta, Shiv Kapoor and Hasira De Silva

Analysts at Fitch Ratings



Most Popular

  • No swift resumption of dividends for most Macau ops: GSNo swift resumption of dividends for most Macau ops: GS September 19, 2023
  • Macau logs 3.2mln visitors in Aug, only 4pct from overseasMacau logs 3.2mln visitors in Aug, only 4pct from… September 20, 2023
  • Sept daily Macau GGR rebounds after storms: brokerageSept daily Macau GGR rebounds after storms: brokerage September 18, 2023
  • Hengqin-Macau tour reboot for mainland consumers: MGTOHengqin-Macau tour reboot for mainland consumers: MGTO September 19, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us