PAGCOR grew revenues in 2017

The state-owned Philippine Amusement and Gaming Corporation (PAGCOR) has reported overall FY 2017 GGR from its gambling interests up 7 percent y-o-y at PHP60 billion (US$1.19 billion) thanks mainly to good results from the land casino sector.

Although the amount did not meet expected targets, it remained an improvement on 2016’s PHP55.06 billion (US$1.09 billion).

The majority of PAGCOR’s 2017 gaming revenue came from its 46 land casino properties, which contributed PHP22.44 billion (US$444.6 million). Licensed casino fees brought in a further PHP19.27 billion (US$382.5 million).

Traditional bingo and e-bingo licensees delivered revenues of PHP9.45 billion (US$187.58 million), and “other gaming licensees” contributed PHP5.50 billion (US$109.17 million).

Internationally licensed operator revenues accounted for just PHP3.14 billion (US$62.32 million).

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