The state-owned Philippine Amusement and Gaming Corporation (PAGCOR) grew income in the first four months of this year by 11.44 per cent versus a year ago, with gross income for the period amounting to PHP25.08bn (approx. €426m).
The state agency, whose profits are distributed to social causes and the treasury, had targeted gross income of PHP23.57bn for the period.
Gaming and licensing of offshore operators accounted for 95 per cent of gross income in the four-month period [...]
