PAGCOR revenue to return to pre-pandemic levels by the end of 2022
Andrea Domingo, PAGCOR chairman, has said the Philippines gambling sector could return to pre-Covid-19 levels by the end of 2022 if herd immunity is achieved and border restrictions are lifted.
The Philippines.- Andrea Domingo, PAGCOR chairman, has said the casino industry in the Philippines could return to pre-pandemic levels by the end of next year if the country achieves herd immunity and borders restrictions are lifted.
She also predicted PAGCOR’s revenues could reach between PHP35bn (US$701.6m) to PHP38bn in 2021.
According to the Philippine Star, Domingo said: “I think we should be able to start recovering by September, but I do not know how fast because the world economy is really down. And you know when you are down, you do not spend money on entertainment and amusement as much as you would during good times.”
Department of Health secretary Francisco Duque III has said he expects the Philippines to achieve a 70 per cent vaccination rate for Covid-19 by February 2022.
He said the country is progressing at an average daily rate of nearly 400,000 vaccinations per day, but process has been slow due to delays in the arrival of vaccines. To date, only 12.2 per cent of the Philippines’ population has been fully vaccinated.
