Philippine gambling revenue to hit record $6B this year

Image for article Philippine gambling revenue to hit record $6B this year
News Source : Rappler

News Summary

  • The forecast surpasses the P334 billion target set by the Philippine Amusement and Gaming Corporation (Pagcor) It represents a significant increase from the previous year’s gross gaming revenue (GGR) of P285 billion
  • Pagcor also announced that Pagcor is on track to revoke all licenses of offshore gambling firms by year-end
MANILA, Philippines The Philippine gambling industrys revenue is projected to reach a record of more than P350 billion ($6.03 billion) this year, driven by growth in the electronic gaming sector, th [+1665 chars]

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