Philippine Amusement and Gaming Corporation (PAGCOR) chair Andrea Domingo is expecting no less than PHP6 billion ($115.4 million) from the Philippine offshore gaming operator (POGO) licensing scheme this year as all the licensees become operational.

The Philippine Daily Inquirer reported that Domingo has set an ambitious target for Pogo firms after the state regulator collected a total of PHP3.1 billion in revenues from them in 2017.

She pointed out that the PHP6 billion target is attainable since all 45 firms that have been awarded with a license to operate in the country are now up and running. PAGCOR issued 35 gaming license when the POGO was introduced last year.

PAGCOR licensees had reportedly paid the regulator application and processing fees of $50,000 for e-casino and $40,000 for sports betting. The operators were also charged $200,000 (e-casino) and $150,000 (sports betting) after their licenses were approved.