{"id":10190,"date":"2020-09-21T22:46:07","date_gmt":"2020-09-21T22:46:07","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=10190"},"modified":"2026-04-24T01:40:34","modified_gmt":"2026-04-24T04:40:34","slug":"pagcor-ggr-drops-to-us49m-in-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-ggr-drops-to-us49m-in-q2","title":{"rendered":"PAGCOR: GGR drops to US$49m in Q2"},"content":{"rendered":"\n

Tax income from POGOs is also expected to drop as operators leave the Philippines.<\/p>\n\n\n\n\n\n\n\n

Philippines.- The Philippine Amusement and Gaming Corp (PAGCOR) has released data showing a drop in gaming revenue among Philippine offshore gaming operators (POGOs) in the second quarter of 2020.<\/p>\n\n\n\n

Total gross gaming revenue (GGR) in Q2 amounted to Php2.42 billion (US$49.9 million) as gaming companies remained shut from April to June due to measures to Covid-19 restrictions in areas like Metro Manila. In Q1 GGR had surpassed Php52.9 billion (US$1.09 billion). <\/p>\n\n\n\n

PAGCOR<\/em><\/strong>-operated casinos only contributed Php126 million (US$2.59 million) in Q2 \u2013 about a tenth of what they brought in in Q1. Most of the income came from licensed casinos at Entertainment city, Clark and Fiesta \u2013 Php2.16 billion (US$44.5 million) compared with Php38.2 billion (US$787 million) in Q1.\u00a0\u00a0<\/p>\n\n\n\n

Over Php129 million (US$2.6 million) came from the junket sector, while in-house bingo operations lost Php72,000 (US$1,485). There was no data reported on poker operations.  <\/p>\n\n\n\n

About 29 out of 62 POGOs registered with PAGCOR have resumed operations<\/a><\/em><\/strong> after lockdown, with a cap of 30 per cent capacity.  <\/p>\n\n\n\n

The Bureau of Internal Revenue\u2019s (BIR) goal to double tax income collection from those operators may have to wait, with signs some are leaving the country as Covid-19 cases rise and Chinese workers’ permits are not renewed<\/a><\/em><\/strong>.  <\/p>\n\n\n\n

Revenue deputy commissioner Arnel Guballa confirmed to The Inquirer that tax collections were down against pre-pandemic levels.  <\/p>\n\n\n\n

He said: \u201cPOGOs are closing down, because they are afraid of COVID-19,\u201d and that \u201cChinese workers\u2019 visas were cancelled and they went back to China because there are plenty of COVID-19-positive cases in the Philippines.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"

Tax income from POGOs is also expected to drop as operators leave the Philippines.<\/p>\n","protected":false},"author":2,"featured_media":10192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Philippine Amusement and Gaming Corp (PAGCOR) data reveals a significant decline in gross gaming revenue (GGR) for Philippine offshore gaming operators (POGOs) and licensed casinos in Q2 2020, primarily due to COVID-19 restrictions. This downturn, coupled with POGO departures and non-renewal of Chinese worker permits, is expected to reduce tax income for the Bureau of Internal Revenue (BIR).","focusai_entities":"Philippine Amusement and Gaming Corp, PAGCOR, Bureau of Internal Revenue, BIR, The Inquirer, Arnel Guballa","focusai_location":"Philippines, Metro Manila, Entertainment City, Clark, Fiesta, China","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), affiliate_publisher (0.7), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"PAGCOR's Q3 GGR Outlook?","query":"What is PAGCOR's projected GGR for POGOs and licensed casinos in Q3 2020, considering the ongoing operational restrictions and operator departures?"},{"label":"Impact on BIR Tax Revenue?","query":"How will the reported decline in POGO operations and the exodus of operators specifically impact the Bureau of Internal Revenue's (BIR) tax collection targets for the fiscal year?"}],"footnotes":""},"categories":[157,161,158,16333],"tags":[725,405,128],"class_list":["post-10190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-daily-news","category-slider-home","category-south-east-asia-news","tag-ggr","tag-pagcor","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10190"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10190\/revisions"}],"predecessor-version":[{"id":777010519,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10190\/revisions\/777010519"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10192"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}