State-owned Philippine gaming regulator is ahead of its target for the first nine months, attributable to strong gaming revenues.

Philippine Amusement and Gaming Corp. (PAGCOR) has posted a total income of PHP 35.7 billion for the first nine months of year ending September 30th, 16.5% higher than its PHP 30.5 billion target and up 18.7% from the same period a year ago.

Meanwhile, income from related services, which include but not limited to licensing fees from private casinos, internet casino, sports betting and private mobile gaming operations, is 84% lower than the PHP 6.4 billion target.

Gaming income amounted to PHP 32.6 billion, 42% higher than the PHP 22.9 billion target and up 45.6% for the first nine months last year.