State-owned Philippine Amusement and Gaming Corp. posted a double-digit rise in gambling revenues in the first threeBased on Pagcor’s statement of comprehensive income, the gaming regulator raised P11.29 billion from gaming operations in January to March, up 35 percent compared with P8.36 billion in the same period last year.
However, Domingo said Pagcor was on track to hit its revenue targets, driven by much improved economic environment in the country amid the prolonged pandemic. “It would be possible that by the end of the year, Pagcor would have about P60 to P65 billion a year GGR which is almost twice as much as last year’s,” the official added.
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