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PAGCOR reports rise in income despite fall in offshore gambling

20th August 2019 8:31 am GMT
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The Philippine Amusement and Gaming Corporation (PAGCOR) earned gross income of PhP36,567m (approx. €623m) from the Philippine gaming industry in the first half of 2019, an increase of 9.3 per cent year-on-year, despite a slump in income from offshore gambling operations.

PAGCOR receives regulatory fees of 2 per cent of gross gaming revenue (GGR) from the country’s licensed offshore remote casino and sports betting operations, and 1.5 per cent of GGR from operators licensed to offer [...]

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