The Philippine Amusement and Gaming Corporation (Pagcor) has posted a five per cent gain in net profit in 2014 to 3.25bn pesos ($73.7m).
This was 5.8 per cent above the regulator’s own targets. Overall income fell 1.3 per cent to 39.98bn pesos, seven per cent below the organisation’s goal.
Income from gaming operations rose 8.5 per cent to 29.93bn pesos, but was below the target of 31.02bn pesos. Income from other related services was down 28 per cent to 8.56bn pesos.
Pagcor’s overall contribution to the government was 21.68bn pesos, a decline of around 2.2 per cent.
