Philippines regulator-operator reports on latest results

The Philippine Amusement and Gaming Corp. (Pagcor) which both regulates and operates gambling assets in the Philippines has posted its results for the period January – September 2017, highlighting:

* Net income up 36.3 percent y-o-y at of P4.4 billion;
* Income from gaming operations P42.4 billion;
* After tax total income up 15.7 percent at P22.2 billion;
* Gross expenses up at P17.7 billion.

Working with national government, Pagcor is currently evaluating its land casino assets with a view to privatising the portfolio at some future point.

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