{"id":91358,"date":"2018-10-27T08:00:08","date_gmt":"2018-10-27T15:00:08","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=91358"},"modified":"2018-10-26T11:20:39","modified_gmt":"2018-10-26T18:20:39","slug":"philippines-pagcor-gaming-win-approaching-1b-mark-in-2018","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/philippines-pagcor-gaming-win-approaching-1b-mark-in-2018\/","title":{"rendered":"Philippines PAGCOR Casino Gaming Win Approaching $1B in 2018"},"content":{"rendered":"<p class=\"p1\">PAGCOR, the Philippines Amusement and Gaming Corporation, is reporting strong earnings from its land-based casino venues, with total win through nine months in 2018 nearly $1 billion.<\/p>\n<figure id=\"attachment_91365\" aria-describedby=\"caption-attachment-91365\" data-style=\"width: 3631px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-91365\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/https_2F2Fs3-ap-northeast-1.amazonaws.com2Fpsh-ex-ftnikkei-3937bb42Fimages2F22F62F32F22F13782362-2-eng-GB2F20180428_Duterte.jpg\" alt=\"PAGCOR Philippines casinos revenue\" width=\"3631\" height=\"2507\" \/><figcaption  id=\"caption-attachment-91365\"class=\"text-description\">Philippines President Rodrigo Duterte&#8217;s administration is taking in record taxes from PAGCOR casinos that are owned by the federal government. (Image: Lean Daval\/Reuters)<\/figcaption><\/figure>\n<p class=\"p1\">The federal gaming regulator and operator reports in its third quarter financial filing that its casinos have won PHP 50.21 billion through September, or about $940 million. Operating under the Casino Filipino brand, PAGCOR&#8217;s state-owned casinos share 50 percent of their profits with the federal government.<\/p>\n<p class=\"p1\">Behind only the country&#8217;s Bureau of Internal Revenue, PAGCOR is the Philippines&#8217; largest tax contributor.<\/p>\n<div class=\"callout\">\n<p class=\"p1\">Gross gambling revenue (GGR) for the PAGCOR casinos is up 18.7 percent through September. The venues won a total of PHP 59.8 billion in 2017 ($1.12 billion). With three months remaining, the Casino Filipino properties are on pace to far exceed last year&#8217;s haul.<\/p>\n<\/div>\n<p class=\"p1\">There are eight main Casino Filipino venues, and 34 smaller &#8220;satellite&#8221; casinos.<\/p>\n<h2 class=\"p1\"><b>Regulator and Operator<\/b><\/h2>\n<p class=\"p1\">At the direction of controversial Philippines President Rodrigo Duterte, PAGCOR announced earlier this year it would be selling off its Casino Filipino venues and transition into a regulator-only capacity.<\/p>\n<p class=\"p1\">Duterte, on a mission to rid the country of corruption in any means possible, said PAGCOR as currently structured was prone to bribery. Presidential ally Pantaleon Alvarez explained, &#8220;An entity that has this power runs the risk of dealing itself a favorable hand while undercutting others.<\/p>\n<blockquote class=\"main-blockquote\">\n<p class=\"p1\">However, last month PAGCOR boss Andrea Domingo said the <a href=\"https:\/\/www.casino.org\/news\/philippines-government-owned-casinos-not-for-sale\">Casino Filipino venues were too profitable<\/a> to be sold. Asked by <i>Inside Asian Gaming <\/i>whether that meant the agency will remain both a regulatory and operator, she answered, &#8220;I think for the next few years.&#8221;<\/p>\n<\/blockquote>\n<p class=\"p1\">Along with running its Casino Filipino properties, PAGCOR oversees both land-based and online commercial gambling. The multibillion-dollar integrated resorts in Manila and Entertainment City are responsible for the lion&#8217;s share of the commercial GGR.<\/p>\n<h2 class=\"p1\"><b>No More Casinos<\/b><\/h2>\n<p class=\"p1\">Duterte&#8217;s relationship with gaming has been contentious at best since he took office in June 2016. After nearly forcing PhilWeb out of business that year, which was at the time the country&#8217;s largest operator of e-gaming cafes, the president reversed his opinion and told the public, &#8220;Pay the correct taxes, gamble until you die. I do not really care.&#8221;<\/p>\n<p class=\"p1\">He tasked PAGCOR with the mission to transform the Philippines into the top gaming and entertainment destination in the Association of Southeast Asian Nations.\u00a0But now Duterte wants to slow the expansion of gambling.<\/p>\n<p class=\"p1\"><strong><span style=\"color: #800080;\">In August, just hours after Landing International ceremoniously broke ground on its $1.5 billion integrated resort in Entertainment City, the president ordered its construction be stopped after ruling that the developer received a land-lease deal that was &#8220;unconscionable&#8221; and &#8220;disadvantageous to the government.&#8221;<\/span><\/strong><\/p>\n<p class=\"p1\">On the <a href=\"https:\/\/www.casino.org\/news\/pagcor-ordered-to-revoke-all-boracay-casino-gaming-licenses\">vacation island of Boracay<\/a>, which recently reopened following a multimillion-dollar cleanup, Duterte halted a proposed casino resort from Galaxy Entertainment. PAGCOR, which had issued the project a temporary license, revealed this week it has complied with the presidential order and revoked the Boracay island permit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PAGCOR, the Philippines Amusement and Gaming Corporation, is reporting strong earnings from its land-based casino venues, with total win through nine months in 2018 nearly $1 billion. The federal gaming regulator and operator reports in its third quarter financial filing that its casinos have won PHP 50.21 billion through September, or about $940 million. Operating [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":91365,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,13592],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Philippines PAGCOR Gaming Win Approaching $1B Mark in 2018<\/title>\n<meta name=\"description\" content=\"PAGCOR, the Philippines gaming regulator, is reporting strong earnings from its land-based casino venues, with total win approaching $1 billion in 2018.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philippines PAGCOR Gaming Win Approaching $1B Mark in 2018\" \/>\n<meta property=\"og:description\" content=\"PAGCOR, the Philippines gaming regulator, is reporting strong earnings from its land-based casino venues, with total win approaching $1 billion in 2018.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/philippines-pagcor-gaming-win-approaching-1b-mark-in-2018\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-27T15:00:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-26T18:20:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/https_2F2Fs3-ap-northeast-1.amazonaws.com2Fpsh-ex-ftnikkei-3937bb42Fimages2F22F62F32F22F13782362-2-eng-GB2F20180428_Duterte-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O&#039;Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O&#039;Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/philippines-pagcor-gaming-win-approaching-1b-mark-in-2018\/\",\"url\":\"https:\/\/www.casino.org\/news\/philippines-pagcor-gaming-win-approaching-1b-mark-in-2018\/\",\"name\":\"Philippines PAGCOR Gaming Win Approaching $1B Mark in 2018\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/philippines-pagcor-gaming-win-approaching-1b-mark-in-2018\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/philippines-pagcor-gaming-win-approaching-1b-mark-in-2018\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/https_2F2Fs3-ap-northeast-1.amazonaws.com2Fpsh-ex-ftnikkei-3937bb42Fimages2F22F62F32F22F13782362-2-eng-GB2F20180428_Duterte-scaled.jpg\",\"datePublished\":\"2018-10-27T15:00:08+00:00\",\"dateModified\":\"2018-10-26T18:20:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"PAGCOR, the Philippines gaming regulator, is reporting strong earnings from its land-based casino venues, with total win approaching $1 billion in 2018.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/philippines-pagcor-gaming-win-approaching-1b-mark-in-2018\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/philippines-pagcor-gaming-win-approaching-1b-mark-in-2018\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/philippines-pagcor-gaming-win-approaching-1b-mark-in-2018\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/https_2F2Fs3-ap-northeast-1.amazonaws.com2Fpsh-ex-ftnikkei-3937bb42Fimages2F22F62F32F22F13782362-2-eng-GB2F20180428_Duterte-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/https_2F2Fs3-ap-northeast-1.amazonaws.com2Fpsh-ex-ftnikkei-3937bb42Fimages2F22F62F32F22F13782362-2-eng-GB2F20180428_Duterte-scaled.jpg\",\"width\":2560,\"height\":1768,\"caption\":\"Philippines President Rodrigo Duterte's administration is taking in record taxes from PAGCOR casinos that are owned by the federal government. 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Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. 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