PAGCOR 1Q22 revenue jumps 39% as restrictions ease

May 4, 2022 Philippines Earnings & Filings Industry Updates

The Philippines Amusement and Gaming Corp. (PAGCOR) said 1Q22 revenue gained 39 percent as Covid restrictions were gradually lifted during the quarter.

The regulator and operator posted total income of PHP12.41 billion ($236 million), up from PHP8.92 in the same quarter a year earlier. The figure was 3.2 percent ahead of its budget for the period.

Income from gaming operations gained 35 percent to PHP11.29 billion.