In file photo: Pagcor Chairman and CEO Alejandro Tengco inspects a modern slot machine which was exhibited at the SiGMA Asia Summit 2023 in Pasay City.THE Philippine Amusement and Gaming Corp.’s revenues would return to prepandemic level of P80 billion by next year on the back of the country’s economic growth and rising gaming demand, its chairman said.
About P71.307 billion of Pagcor’s projected total revenues this year would come from its gaming operations, according to the presentation. Tengco explained that historically the second half accounts for the bulk of Pagcor’s income, with the fourth quarter having the highest gaming demand. Pagcor’s 2024 projected total income is at P80.283 billion, about 6.34 percent higher than this year’s estimated full-year gross revenues.
Nonetheless, Tengco estimated that Pagcor would be contributing between P3.6 billion and P4 billion to the MIF next year.
Source: Gaming Daily Report (gamingdailyreport.net)
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