Figure is a major increase on last year but whether it can be achieved remains in doubt due to Coronavirus. <\/p>\n\n\n\n\n\n\n\n
Philippines.- PAGCOR<\/strong><\/em> Chief, Andrea Domingo, has said the regulator has been targeted with generating PHP290 billion (\u20ac5 billion) in gross gaming revenues (GGR) for the nation in 2020 despite the ongoing Coronavirus crisis and concerns over POGOs.<\/p>\n\n\n\n In February, PAGCOR indicated that GGR from casinos, online gaming sites and traditional bingo hit PHP248.47 billion (\u20ac4.34 billion) so this year’s target is a significant increase on last year. <\/p>\n\n\n\n According to Domingo, PAGCOR itself could contribute around PHP95 billion (\u20ac1.65 billion) of the target, which would be 18 per cent increase on the PHP80 billion (\u20ac1.39 billion) achieved in 2019. <\/p>\n\n\n\n Domingo explained the 2020 target had been set by the country\u2019s Governance Commission for Government-owned or -Controlled Corporations. She also said the full impact of the Coronavirus crisis on the country’s gambling sector had yet to be seen. <\/p>\n\n\n\n \u201cWe haven\u2019t factored in the effects of Covid-19 in this year\u2019s target yet, so we\u2019ll have to see,\u201d Domingo told local press. \u201cBut, so far, it [business] looks good,\u201d she added.<\/p>\n","protected":false},"excerpt":{"rendered":" Figure is a major increase on last year but whether it can be achieved remains in doubt due to Coronavirus.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"PAGCOR has set an ambitious PHP290 billion (\u20ac5 billion) GGR target for the Philippines in 2020, a significant increase over the previous year, despite the ongoing Coronavirus crisis and concerns regarding POGOs. PAGCOR itself aims to contribute PHP95 billion, an 18% rise from 2019. The regulator acknowledges the full impact of Covid-19 on the gambling sector is yet to be assessed, raising questions about the target's achievability.","focusai_entities":"PAGCOR, Andrea Domingo, Governance Commission for Government-owned or -Controlled Corporations","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GGR Target Feasibility?","query":"Given the unquantified impact of COVID-19 and prior POGO concerns, what specific contingency plans or revised operational strategies is PAGCOR considering to achieve its ambitious PHP290 billion GGR target for 2020?"},{"label":"COVID-19 Impact Analysis?","query":"What specific methodologies or data points will PAGCOR utilize to accurately assess the full economic impact of COVID-19 on the Philippine gaming sector, and when can stakeholders expect a revised GGR forecast?"}],"footnotes":""},"categories":[160,163,158,16333],"tags":[405,128],"class_list":["post-4401","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-finance-news","category-slider-home","category-south-east-asia-news","tag-pagcor","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4401","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=4401"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4401\/revisions"}],"predecessor-version":[{"id":777010505,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4401\/revisions\/777010505"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}