State-run Philippine Amusement and Gaming Corp. said Thursday revenue grew 11.44 percent in the first four months to P25.09 billion from P22.51 billion a year ago, driven by income from gaming and fees from licensees and offshore gaming operators.
Pagcor chairman and chief executive Andrea Domingo said in a statement the gaming agency surpassed its P23.57-billion target for the period by 6.45 percent or P1.51 billion.
She said a bulk of Pagcor’s revenues amounting to P23.84 billion came from its income from gaming including fees from licensees and offshore gaming operators. Other income including those from related services amounted to P1.24 billion.
Domingo said she was hopeful that the state-gaming agency would again exceed its revenue target for the year. “Right now, we are recording a monthly average of P6.27 billion revenues. Of this amount, we remit an average of P4.57 billion to the national coffers and Pagcor’s other mandated beneficiaries,” she said.
“We will do our best to sustain this momentum so that the agency can be able to touch the lives of more Filipinos,” she said.