Pagcor revenue down 60% in 2020
Chairman Andrea Domingo blamed the Covid-19 pandemic and problems encountered by the offshore gaming operations for the decline.
The Philippines.- Pagcor revenues fell by 60.4 per cent to US$624m in 2020, the lowest level in at least seven years. Profits fell by 83.3 per cent.
Pagcor suspended gambling operations in mid-March last year due to the Covid-19 pandemic. Only from the end of August were some casinos able to reopen with a 30 per cent capacity limit.
The Philippine Amusement and Gaming Corp. operates several state-owned casinos under its own Casino Filipino brand and serves as the regulator for other private-sector gambling venues.
