Gross revenue of state-run Philippine Amusement and Gaming Corporation (PAGCOR) grew by 7 percent in 2017 on the back of strong performance of the Philippine casino industry.

PAGCOR chair Andrea Domingo announced that the state regulator pocketed “close to PHP60 billion (US$1.19 billion)” in 2017, which was slightly below the target. Nevertheless, the gross revenue last year was higher than the PHP55.06 billion (US$1.09 billion) profit it posted in 2016.

The chunk of PAGCOR’s 2017 gaming revenue came from its 46 casino properties, which raked in PHP22.44 billion (US$444.6 million). On the other hand, PHP19.27 billion (US$382.5 million) of PAGCOR’s income came from licensed casinos’ fees.

Traditional bingo and e-bingo licensees gave PAGCOR a PHP9.45 billion (US$187.58 million), while the state regulator’s share from other gaming licensees such as e-games, poker, junket operations was at PHP5.50 billion (US$109.17 million).