× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2017 AffiliateCon
NEWS 2 February 2018
PAGCOR income up 7.56% in 2017
By Robert Simmons
The Philippine Amusement and Gaming Corp (PAGCOR) has reported a 7.56% year-on-year increase in its income from gaming operations during the full financial year 2017.

In its annual financial report for the period, PAGCOR posted income figures of PHP57.34bn in 2017 beating the PHP 53.30bn reported in full year 2016, a rise of just over PHP4bn.

The total amount of money paid to the Philippine government in gaming taxes and contributions also rose year-on-year by 7.56%, from PHP27.98bn in 2016 to over PHP30.10bn in the full year 2017.

As a result of these contributions the total income net of gaming taxes and contributions during full year 2017 was PHP29.75bn, rising 9.91% from 2016s figures.

PAGCOR’s total expenses incurred during the full year 2017 grew year-on-year by 9.49% from a 2016 high of PHP22.58bn to PHP24.72bn.
RELATED TAGS: Land-Based | Industry | Financial | Casino
DISCUSS THIS ARTICLE
IN-DEPTH 21 May 2018
#WeAllWantToPlay: Diversity in the gaming Sector
Micky Swindale, Partner at KPMG reflects on the lack of diversity in the gaming industry and what has spurred this growing trend. Using the past as a guide, Micky considers how the industry might redress the issue
READ MORE
IN-DEPTH 10 May 2018
Roger Raatgever: 17 years in the making
IN-DEPTH 10 May 2018
VAR: The next phase in sports betting?
IN-DEPTH 1 May 2018
Japan: Land of the rising fun
IN-DEPTH 27 April 2018
Seeking the lion's share of the market
IN-DEPTH 26 April 2018
How can daily fantasy sports invade fortress Europe?
IN-DEPTH 17 April 2018
Jim Allen on the creation of the Hard Rock dynasty
PREMIUM CONNECTIONS