PAGCOR records net income of P32.6 billion in 2021

Philippines’ gaming regulator, PAGCOR reported income from gaming operations of P32.6 billion for the year ended December 31, 2021.

The 2021 result is up 8.8 percent from the prior year period, owed to eased restrictions in the country which ramped up in the last few months of 2021.

The regulator, which pays half of its income to the government, said it paid out P17.1 billion in gaming taxes and contributions.

According to PAGCOR, net income came in at P203.6 million, down 87 percent year-on-year due to higher corporate income tax.

Source: https://agbrief.com/news/philippines/04/02/2022/pagcor-records-net-income-of-p32-6-billion-in-2021/