State-run Philippine Amusement and Gaming Corporation (PAGCOR) is now bracing for PHP384 million ($7.6 million) losses as a result of a deadly rampage inside Resorts World Manila (RWM) early this month.

During a round-table discussion with Manila Bulletin editors on Tuesday, PAGCOR Chairman Andrea Domingo admitted that the suspension of the gaming license of casino operator Travellers International Hotel Group, Inc. has put a dent on the state-regulator’s target revenue for the year.

It would be recalled that PAGCOR suspended the license of RWM pending the results of a probe into the June 2 incident where a lone gunman stormed into the casino hotel in Pasay City and set fire to the premises, resulting in 38 fatalities.

Domingo estimated that the government is losing around P12 million to P14 million a day from the non-operation of RWM. The losses that the government may possibly incur, according to Domingo, will reach billions of pesos if RWM’s gaming facility will remain shuttered.