The Philippines gaming regulatory agency says its gross revenue has increased by more than 11% in the first four months of 2019, with income totaling PHP25.09 billion ($482.5 million).
PAGCOR – the Philippines Amusement and Gaming Corp, is a state-run gaming regulator and operator. The organisation governs the country’s commercial integrated casino resorts, and additionally operates its own Casino Filipino brand and satellite venues.
The $482.5 million performance is an 11.44% premium on the same period in 2018. PAGCOR shares most of its earnings with the government, with its tax share totaling $352.9 million.
The Philippines gaming industry is thriving, and that should only continue following President Rodrigo Duterte saying he would “not meddle” with casinos any longer.
The controversial leader has endured a contentious relationship with the gaming industry since taking office in June 2016. He has previously tried to force online gaming operators out of country, and has halted casino projects on Boracay island and Manila’s Entertainment City.
After years of flip-flopping and taking various positions on gaming, Duterte concedes he can no longer control the industry.