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
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...