Pagcor pegs Philippine gaming income at P40.8B for 2015

The Philippine Amusement and Gaming Corporation (PAGCOR) is looking at a P40.8 billion ($881.3 million) total gaming revenue for 2015, but the projection is expected to accelerate next year when the City of Dreams enters full operations.

The Philippine Amusement and Gaming Corporation (PAGCOR) is projecting a small rise in revenue for 2015, but promises that things will be better next year when Melco Crown Entertainment’s City of Dreams Manila enters full operations.

Pagcor Chairman and CEO Cristino Naguiat Jr. told local lawmakers the gaming authority is looking at a P40.8 billion ($881.3 million) in total revenues for this year, Business Mirror reported Tuesday.

The state-run gaming firm reported a net income of P293.1 million ($6.33 million) for June 2015, which it said is an increase of more than 200 percent compared to the P96 million ($2.07 million) income from the same period last year.