Opening of City of Dreams Manila lifts expectations
PAGCOR forecasts USD1 billion revenues for 2014
2014-01-16
Reading time 33 seg
(Philippines).- The Philippine Amusement and Gaming Corporation (PAGCOR) predicts a 6% rise in revenue in 2014 - in excess of US$1 billion. The forecast is based on expected increases in gaming revenues and regulatory fees and the opening of City of Dreams Manila, the second of four destination-scale casino hotels licensed for a special resort district at Manila Bay called Entertainment City.
PAGCOR regulates the country’s land-based and online gaming industries and runs 13 casinos of its own under the Casino Filipino brand. The Philippines’ state-owned casino operator shrugged off a weaker-than-expected performance in 2013 to predict solid growth for the year ahead.
The forecast is based on expected increases in gaming revenues and regulatory fees and the opening of City of Dreams Manila, the second of four destination-scale casino hotels licensed for a special resort district on Manila Bay called Entertainment City.
Leave your comment
RELATED NEWS
To feature 3,400 slot machines
Bally’s Chicago tops off permanent casino, targets 2027 opening
Platform deployment
Win Systems launches Wigos CMS at Casino City Center Rosario in Argentina
COMPANIES
Brings more than 20 years of experience
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
New Event Content & Production Manager
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
Net revenue rises 1.9% to $507.3 million
Red Rock Resorts posts record quarterly revenue, flags construction impact
China and digital growth lift quarterly revenue
MGM Resorts posts record first-quarter revenue as profit slips on weaker margins
NYCE Marketplace
Partnership expansion
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Vor Turbo shares product overview
Sportsbook integration: Deploying betting widgets at scale
Also authorised in New Jersey, Michigan
Flows secures Pennsylvania Gaming Control Board authorisation
Upcoming Philippines casino resort
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
European circuit expands
PokerStars adds Prague and Aix-en-Provence, France to 2026 live schedule
Covers product, slots, and branding
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
EVENTS CALENDAR
Highlighted
Affpapa Conference Madrid 2026
Highlighted
MAC Affiliate Conference 2026
Highlighted
SBC Summit Americas 2026
JUN 9th 26 / JUN 11th 26
Live Event Broward County Convention Center, Fort Lauderdale, Florida
Highlighted
PGS 2026
Highlighted
SBC Summit 2026
Highlighted
