PAGCOR Gaming Revenue Increases 69% to US$1 Billion in 2022

The Philippine Amusement and Gaming Corporation, PAGCOR, the Philippine gaming regulator, publicly announced a 68.7% increase in revenue from gaming operations to Php 55.1 billion, which is approximately 1.0 billion US dollars, in 2022. The increase came as the country reopened its borders and slowly alleviated COVID-19 restrictions in Metro Manila, the location of an important commercial casino market called Entertainment City, over the course of the year.

A strong finish to the year:

Gaming revenue for all of 2022 was up significantly from Php 32.6 billion, which is approximately US$597 million, in 2021. It was also 2.4% more than the budget approved for the year by the Department of Budget and Management.