PAGCOR expects major growth in 2018
PAGCOR directors expects to double the total casino revenue this year.
Philippines.- Philippine Amusement and Gaming Corporation (PAGCOR) is looking forward big results this year, related to casino operations throughout the country. According to the governmental department’s chair, Andrea Domingo, the earned online casinos under the POGO scheme could reach P$6 billion (US$115,982,836) during 2018’s operations.
Under the POGO scheme, each licensee is required to pay P$10,000 (US$194) in licensing fees per month for a minimum of 15 gaming tables, or a total of P$150,000 (US$2,900) per month per POGO licensee.
“Not all the licensees were fully operational last year,” said Domingo regarding the 45 firms granted licenses by PAGCOR last year. “But this year, everyone will be operational, so we expect revenue to increase.”
“Today, the international betting community has a lot more confidence in fair play in gaming, and they know that that they’re protected against fraud,” Domingo said and concluded: “Secondly, the government is getting a lot more revenues now, instead of just P56 million a year.”
