With casino’s closed half the year, the Philippine Amusement and Gaming Corporation (PAGCOR) saw a very dismal income for 2020. The regulator-operator brought in P1.57 billion ($32.7 million), dropping nearly 84% from P9.66 billion the year before.

The take for 2020 declined largely due to gaming operations, which dropped 60% year over year to P30.00 billion from PHP75 billion. Of that, P7.14 billion came from casino customers, and over P27 billion from other sources, such as junkets, non-casino customers and “other” income.

Licensed casino revenue fell just as much, dropping to P11.52 billion. Junket operations were halved to P397.8 million. Finally, Philippine Offshore Gambling Operators (POGOs) dropped the least, down 18.7% to P4.66 billion.

Close to P16 billion were deducted in taxes and government contributions. One benefit of 2020 was reduced costs, which fell 42% to P18.68 billion from the previous P32.24 billion. But a repercussion of the cut costs were less payments to “corporate social responsibility projects,” which fell to P4.75 billion from P13.62 billion.