PAGCOR’s GGR grew 9 per cent in 2017

According to PAGCOR’s CEO Andrea Domingo, the regulator/operator’s gross gaming revenue grew by 9 per cent thanks to business with nearby countries.

Philippines.- Casino gross gaming revenue (GGR) in the Philippines saw a 9 per cent raise in 2017, according to the Philippine Amusement and Gaming Corp.’s (PAGCOR) preliminary levels. CEO Andrea Domingo revealed a total € 973 million, up from last year’s € 894.8 million, from PAGCOR-owned and operated casinos, as well as from royalties and license fees from gaming firms.

Out of those € 973 million, PAGCOR-operated casinos contributed the most with € 365 million. Income from licensed casinos’ fees came in second as they posted € 313.5 million, way ahead of traditional bingo and e-bingo licensees (€ 153.7 million). Other licensees followed with € 89.4 million and offshore operations were last with € 51 million.

Ms. Domingo also informed that the whole Philippine gaming industry saw a € 2.76 billion euros GGR during 2017. Said figure surpassed the corporation’s projections by around € 160 million  as it was originally estimated to reach just € 2.6 billion.