According to Pagcor
Philippine casino industry revenue growing
2013-06-19
Reading time 31 seg
(Philippines).- The performance of the Philippine casino industry in 2013 is so far meeting expectations, says Cristino Naguiat, the chairman and chief executive of the state-owned Philippine Amusement and Gaming Corp, known as Pagcor, which operates 13 casinos in the Philippines and is also the country’s regulator.
“I’m certain that the first five months of the year has been higher compared to the same period last year,” Naguiat told reporters earlier this week. He estimates that the country’s gaming revenue will reach us$ 2.5 billion this year, up from us$ 2 billion in 2012.
“The bulk of that growth will basically come from Solaire Resort and Casino,” inaugurated in March, Naguiat said, quoted by the Business Mirror daily. He expects annual casino gaming revenue in the Philippines to grow to us$ 10 billion by 2017-2018.
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