PAGCOR gaming revenue grew nearly half in 2015

Total income of state-owned Philippine gaming regulator PAGCOR reached nearly $1 billion in 2015, thanks to its strong gaming revenue.

According to financial statement posted on its website, PAGCOR’s gaming revenue, which accounts to 90% of its earnings, is up 45% to PHP 43.39 billion ($914 million).

Other income increased by 36% to PHP 2.05 billion. However, income from other related services is down 79% to PHP1.77 billion. Related services includes regulatory fees that it collects from licensed casinos and income share from other gaming activities such as e-games, commercial bingo and poker.

Total income reached PHP 47.21 billion ($994m), up 18% from the previous year.