PAGCOR gaming income up 69% to USD 1 B in 2022
Tuesday 31 de January 2023 / 12:00
⏱ 1 min read
(Philippines).- Philippines gaming regulator PAGCOR has reported a 68.7% increase in income from gaming operations to Php55.1 billion (US$1.0 billion) in 2022, boosted by the reopening of borders and gradual easing of COVID-19 restrictions throughout the year.
The full year figure, up from income of Php32.6 billion (US$597 million) in 2021, was also 2.4% higher than the approved budget for the year by the Department of Budget and Management.
According to information published Monday, PAGCOR finished the year on a high with 4Q22 income from gaming operations climbing by 9.3% over the September quarter to Php15.9 billion (US$291 million).
Total income for the year, including non-gaming and other service income, reached Php59.0 billion (US$1.08 billion), while net profit after tax and mandatory contributions was Php4.45 billion (US$82 million) – a better than 2,000% increase over the Php203.6 million (US$3.73 million) in profit recorded a year earlier.
The Philippines reopened its borders to international tourists in February 2022, eased capacity restrictions in March and ended all lockdowns in April, with newly elected President Ferdinand Marcos Jr later removing mask mandates in early November.
The Philippines Department of Tourism (DOT) recently stated that it hopes to attract around 5 million foreign visitors in 2023, almost double the 2.6 million visitors who arrived last year.
By Ben Blaschke
Categoría:Gaming
Tags: Sin tags
País: Singapore
Región: Asia
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
Martin Ivanov: "Latin America remains one of CT Interactive's key strategic regions"
(Lima, SoloAzar Exclusive).- CT Interactive Chief Operating Officer Martin Ivanov reflects on the company's experience at the Peru Gaming Show, highlights the opportunities emerging in the Peruvian market, and outlines the company's strategic priorities for expanding across Latin America.
Thursday 16 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
