Pagcor’s Q3 Revenues Surge by 42%.
Manila: The Philippine Amusement and Gaming Corporation’s (PAGCOR) revenues for the first nine months of the year have reached PHP79.43 billion, marking a 42 percent increase from the PHP55.95 billion reported year-on-year. Pagcor chair and chief executive officer Alejandro Tengco attributed this growth primarily to the electronic games sector. According to Philippines News Agency, Tengco stated that the electronic games sector alone contributed PHP28.22 billion, accounting for 35.52 percent of the gaming revenue. The licensed casino sector followed, contributing 30.84 percent or PHP24.50 billion from licensee fees. The state gaming agency’s net income for the first nine months was recorded