7 months Pagcor tops H1 gaming income target MB |Biz
By Chino S. Leyco The Philippine Amusement and Gaming Corp. (Pagcor) surpassed its revenue target in the first semester of the year due to “favorable market forces.” Based on Pagcor’s statement of comprehensive income, the state-owned company generated P36.57 billion in gaming revenues in January to June this year, above by 9.6 percent against the P33.35-billion target for the period. Year-on-year, Pagcor also saw its income from gaming rising by 9.3 percent in the first six-months from P33.44 billion. Pagcor posted a P3.08-billion net profit in the first six months, higher by 23 percent against P2.5-billion target, but it ... more