PAGCOR Gaming Income Up 35.6%; Philippine Industry GGR In First Six Months Of 2023 Rises To US$2.50 Billion
On July 20, the Philippine Amusement and Gaming Corporation, PAGCOR, the Philippine gaming regulator, revealed overnight that its rise in total profit by 35.6% in the first six months of 2023 to Php36.21 billion (US$663 million) was driven by a 48.7% rise in gross gaming income to Php136.37 billion (US$2.50 billion).
Profit for the first half of 2023 lower than pre-pandemic profit:
Although the regulator has yet to publicly reveal its results for the June 2023 quarter alone, it formerly reported first-quarter income of Php17.7 billion (US$324…