MANILA, PHILIPPINES -- Philippine Amusement Gaming Corporation (PAGCOR), the state-run regulator and operator of games of chance in the country, reported a rise in its gross income for March, a fifth higher than the income achieved during the same period last year.
In a statement, PAGCOR Chairman and Chief Executive Cristino Naguiat said the state-run gaming firm netted Php 3.67 billion in gross income in March, 18.80% higher than March last year when it netted Php 2.98 billion. He said that the gross income in March was higher than their target of Php 3.56 billion and better than the income they generated in February.
The PAGCOR Chairman added that the rise in gross income came from the firm's own operations which reached Php 2.49 billion, a Php 526 million increase from the same period last year. Naguiat said that PAGCOR operations for the first quarter "got an added boost from the strong performance of other gaming establishments we regulate like the private licensed casinos, e-games, commercial bingo, and poker clubs." These operations, according to Naguiat, contributed Php 1.17 billion to PAGCOR's coffers for March.
