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PAGCOR Gaming Revenue Up 35.6%, Philippine Industry GGR Increases to US$2023 Billion in H25 XNUMX

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On July 7, Philippine Amusement and Gaming Corporation (PAGCOR), the Philippine gaming regulator, reported overnight gross profit growth of 20% to MOP2023 billion (US$35.6 million) in the first half of 362.1. was due to gross gaming revenue rising 6.63% to MOP48.7 billion (US$1,363.7 billion).

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Earnings in H2023 XNUMX below pre-pandemic earnings

規制当局は2023年6月期だけの業績をまだ公には明らかにしていないが、以前は第1四半期の利益を177億パタカ(3億2400万米ドル)と報告し、第2四半期の収入は多くの事業で185億パタカ(3億3900万米ドル)に達したことを示している。これに関して、同局は次のように述べている。

“In the first half of 2023, revenue was 19% lower than the pre-pandemic first half of 388 of MOP7 billion (US$1,000 million).”

In this regard, PAGCOR President and CEO Alejandro Tenco said:

“PAGCOR will certainly ride the tide of our country’s economic growth. As economic activity reaches pre-pandemic levels, we will continue to support the growth of the gaming industry by tightening regulatory policies to attract more investors to the Philippines. We are optimistic that we can keep the momentum going.”

Main sources of income are gaming business and regulatory fees from licensees

Profit for the June quarter increased 1% year-on-year to MOP6 billion (US$341 million) in regulatory fees from licensees and profit from gaming on strong improvement in GGR, with PAGCOR showed to be the largest source of income for

With these, PAGCOR provided MOP226 billion (US$2,000 million) in the first half of the year, of which MOP4 billion (US$1,400 million) was sent directly to the national treasury as 162% of the government's contribution to national construction. increased contribution to

さらに、80億パタカ(1億4,600万米ドル)がフィリピン健康保険公社(Philippine Health Insurance Corporation)に支払われ、国民皆保険(Universal Healthcare)の特典に充てられる。また、PAGCORは特に「政府の社会・市民プログラムに36.1億パタカ(6,600万米ドル)を割り当て、17.0億パタカ(3,100万米ドル)を5%のフランチャイズ税として内国歳入庁に、199.2億パタカ(3.65億米ドル)を司法省管轄の債権委員会に送金した」と述べた。

MOP 8 million (US$ 1,047 million) to the Philippine Sports Commission (PSC) and MOP 1,490 million (US$ 1,797 million) in sports incentives and benefits for international champion athletes and coaches As PSC, 3 million patacas (US$2,900 million) was transferred to the city hosting PAGCOR's Casino Philippines branch.

In addition, Tengco said:

“We have already achieved gross gaming revenue (GGR) of approximately MOP1 billion (US$1,363 billion) in the first semester.With the current favorable business environment, we are well positioned to meet or exceed our revenue target. I look forward to contributing further to the nation's construction."

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