Pagcor sees 2017 income soar, smashes expectations

Philippines gaming regulator Pagcor has announced a 10.91% year-on-year increase in net income for the full year 2017 to Php4.95 billion (US$96.3 million), led by a 7.56% increase in income from gaming operations. The final figure exceeds Pagcor’s target income for the year by a massive 234% and follows a breakthrough year for the nation’s integrated resorts which saw revenue at Solaire Resort & Casino and City of Dreams Manila reach record levels. Okada Manila, located in Manila’s Entertainment City precinct, also opened its doors in December 2016… Read more