Published
OnlineLand-BasedCasinoFinancialIndustry

PAGCOR reports 60% income decline for January-September

Gaming regulator the Philippine Amusement and Gaming Corp (PAGCOR) has reported gaming operation income of PHP22.3bn ($461.7m) from January-September 2020. It’s a 60% drop from PHP55.8bn reported for the same period last year. Net income was PHP132.7m, a massive drop from PHP4.9bn in 2019. 

pagcor

The income from licensed casinos for the period was PHP8.4bn, also a 60% drop compared to the same period in 2019. Income from offshore gaming operators declined by 6% to PHP3.8bn. Junket gaming operations recorded an income of PHP326.1m. Gaming taxes for the nine months reached PHP11.7bn. Total expenses for PAGCOR was PHP15.9bn, with total equity at PHP26.3bn. 

Many casinos in the Philippines are operating at limited capacity due to COVID-19, such as Manila city operators who have been permitted to open at 30% capacity. Previously, the regulator reported a PHP1.60bn loss for H1, mainly because most of the casinos in the country were closed.   


Asia News Sponsor
Premium+ Connections
Premium

Revsharks

 
Premium

Imagine Live

 
Premium

Sport Generate

 
Premium

PIN-UP Partners

 
Premium

GammaStack

 
Premium

Galaxsys

 
Premium

Lynon

 
Premium

Digitain

 
Premium

RISK

 
Premium

1xBet Partners

 
 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...