at the end of June, or in July<\/a><\/em><\/strong> at the latest.<\/p>\n\n\n\nShe said the move would benefit the country\u2019s economic recovery as well as the 132,000 employees in the industry.<\/p>\n\n\n\n
She said: \u201cWe have to maximise revenue collection, because our government, as all governments, needs the money, not only to fight Covid-19, but to buy the vaccine when it\u2019s available next year, and to do massive testing, which is costing a lot of money.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The total for the year will be significantly less than the P5.73 billion the agency cashed last year.<\/p>\n","protected":false},"author":2,"featured_media":7186,"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) anticipates a significant reduction in income from Philippine offshore gaming operators (POGOs) for the current year, projecting P2.5 billion to P3 billion compared to P5.73 billion last year. This decline, alongside the expected reopening of land-based casinos by July, underscores the government's urgent need for revenue to fund COVID-19 response efforts.","focusai_entities":"Philippine Amusement and Gaming Corporation, PAGCOR, Andrea D. Domingo, The Manila Times","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (0.85), operator_casino (0.95), investor_analyst (0.97), supplier_vendor (0.88), journalist_researcher (0.92)","focusai_suggestions":[{"label":"POGO revenue decline impact?","query":"What specific factors are contributing to the significant projected decline in PAGCOR's POGO revenue, and what are the long-term implications for the offshore gaming sector's sustainability in the Philippines?"},{"label":"Land-based casino recovery?","query":"What are the projected GGR recovery timelines and operational challenges for land-based casinos in the Philippines post-lockdown, considering the government's revenue imperatives and new health protocols?"}],"footnotes":""},"categories":[163,158,16333],"tags":[12436,405,15789],"class_list":["post-7185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-slider-home","category-south-east-asia-news","tag-casinos","tag-pagcor","tag-pogos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7185","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=7185"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7185\/revisions"}],"predecessor-version":[{"id":777010506,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7185\/revisions\/777010506"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7186"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}