Solid growth predicted for 2014
USD 1 billion forecast for Philippines
2014-01-20
Reading time 25 seg
(US).- The Philippine Amusement and Gaming Corporation (PAGCOR) predicts a six per cent rise in revenue in 2014 – to in excess of USD 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.
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