Asia
PAGCOR Profits Fall 50% During Q1 2020

The Philippine Amusement and Gaming Corporation (PAGCOR) has reported a 5.7% decrease in income from gaming operations to Php17.22 billion for the three months to 31 March 2020.
The results were impacted by the closure of its casinos to stop the spread of COVID-19. Last week, President Rodrigo Duterte announced the extension of enhanced community quarantine measures until at least May 15.
According to PAGCOR’s statement of comprehensive income for Q1 2020, profit for the period fell by 49.9% to Php777.4 million, well below its pre-2020 target of Php1.42 billion for the quarter.
PAGCOR paid a total of Php9.04 billion in gaming taxes and contributions as part of its mandated charter, which includes a 50% government share and 5% franchise tax, and almost Php4.4 billion in CSR contributions.
-
Asia2 days ago
Digital gaming disruption tackled in 1st AsPac Regulators’ Forum
-
Latest News5 days ago
Cloudbet maps regional betting trends in August–September 2025
-
Latest News5 days ago
High Roller Launches New Online Casino Brand in Finland
-
Latest News5 days ago
NetBet Denmark expands its casino library by adding SYNOT Games as a provider
-
Central Europe5 days ago
Promatic Games and SYNOT Interactive Announce Strategic Partnership to Strengthen iGaming Expansion in Central and Eastern Europe
-
Asia5 days ago
PAGCOR chief pushes for stricter regulation, not online gaming ban
-
Conferences in Europe5 days ago
Strategies that Scale: Evoplay’s Alex Malchenko on Cracking the Code of Localised iGaming Success
-
Conferences in Europe5 days ago
New Gamification Academy at SBC Summit to Present Fresh Approaches to Player Engagement