Philippine Amusement and Gaming Corporation expects 2026 profit below P5 billion
The Philippine Amusement and Gaming Corporation (PAGCOR) expects its net income to fall below P5 billion this year from P17.47 billion in 2025, chairman Alejandro Tengco told reporters, according to Philstar. He cited a Supreme Court ruling requiring PAGCOR to remit five percent of gross revenues to the Philippine Sports Commission, and lower gaming revenues. Philstar also reported that PAGCOR aims to exit casino operations by the third or fourth quarter of 2027.
Add balita.fyi as a preferred source on Google
Sources
Written and translated by AI (Claude) using only the reports listed below. Read the full story at the original source.