{"id":5115,"date":"2020-04-01T07:11:15","date_gmt":"2020-04-01T07:11:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=5115"},"modified":"2026-04-24T06:33:58","modified_gmt":"2026-04-24T09:33:58","slug":"pagcor-revenue-philippines-casino-closures","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-revenue-philippines-casino-closures","title":{"rendered":"PAGCOR reveals big loss after casino close"},"content":{"rendered":"\n

Gaming regulator losing between US$98 million to US$118million per month in revenue during Coronavirus lockdown. <\/p>\n\n\n\n\n\n\n\n

Philippines.-\u00a0 The Philippine Amusement and Gaming Corporation <\/em><\/strong>(PAGCOR) is losing tens of millions of dollars per month after it closed all POGOs<\/a><\/em><\/strong> and their service providers due to Coronavirus.\u00a0<\/p>\n\n\n\n

According to Inside Asian Gaming<\/em>, the gaming regulator says it is losing between US$98million to US$118million per month in revenue while the nation\u2019s casinos remain closed, but reiterated its commitment to providing financial support in response to the pandemic.<\/p>\n\n\n\n

PAGCOR announced last week the suspension of all gaming operations in Manila until April 12<\/a><\/em><\/strong> after President Rodrigo Duterte imposed a \u201ccommunity quarantine\u201d.<\/p>\n\n\n\n

The suspension applies to land-based casinos, both PAGCOR-owned and operated as well as all licensed and integrated resort-casinos, electronic game (eGames), bingo (traditional and electronic), sports betting, poker and slot machine clubs, and other activities regulated by PAGCOR.<\/p>\n\n\n\n

\u201cThe state-run gaming agency has decided to prohibit public gatherings in its gaming venues and in the licensed gaming properties that it regulates,\u201d PAGCOR said.<\/p>\n\n\n\n

\u201cThis measure is intended to ensure the safety of both gaming employees and customers and eventually, the general public,\u201d the regulator added.
<\/p>\n","protected":false},"excerpt":{"rendered":"

Gaming regulator losing between US$98 million to US$118million per month in revenue during Coronavirus lockdown.<\/p>\n","protected":false},"author":2,"featured_media":4669,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine Amusement and Gaming Corporation (PAGCOR) is experiencing monthly revenue losses of US$98-118 million due to the comprehensive suspension of all gaming operations, including POGOs and land-based casinos, across the Philippines. This regulatory action, mandated by a community quarantine, significantly impacts the nation's gaming GGR and NGR, while PAGCOR reaffirms its commitment to pandemic-related financial support.","focusai_entities":"Philippine Amusement and Gaming Corporation, PAGCOR, Inside Asian Gaming, Rodrigo Duterte","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.8), operator_casino (1.0), affiliate_publisher (0.7), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Revenue Recovery Strategy?","query":"What is PAGCOR's strategic plan for revenue recovery post-lockdown, and how will this impact its financial commitments and the broader Philippine gaming sector's GGR outlook?"},{"label":"Operator Relief Plans?","query":"What specific relief measures, if any, will PAGCOR extend to licensed operators and POGOs to alleviate the financial burden imposed by the prolonged operational suspension?"}],"footnotes":""},"categories":[160,28,158,16333],"tags":[29,405,128,1205],"class_list":["post-5115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-slider-home","category-south-east-asia-news","tag-casino","tag-pagcor","tag-philippines","tag-pogo"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5115","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=5115"}],"version-history":[{"count":8,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5115\/revisions"}],"predecessor-version":[{"id":777010508,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5115\/revisions\/777010508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4669"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}