Philippine regulator Pagcor saw an 11.2% increase in gross income from gaming operations for the first nine months of 2017, raking in Php42.38 billion before contributions and expenses.
Pagcor banked Php4.36 billion in net income, up 36.3% from the same period in 2016 and defying earlier predictions that the aftermath of the Resorts World Manila attack in June – which saw RWM’s gaming license suspended for three weeks – would impact results.
Of the regulator’s Php42.38 billion in gross income, Php16.82 billion came from casino customers with another Php26.93 billion from “junket operations, non-casino customers and other income.”
Pagcor paid Php22.25 billion in taxes including its mandatory 50% government contribution plus another Php17.71 billion in operating expenses and donations.
Aside from its regulatory role, Pagcor also owns and operates 46 casinos in the Philippines but stated recently it expects to start accepting bids on them by the end of the year after President Rodrigo Duterte ordered all to be sold.
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