Source:https://www.scmp.com/news/asia/southeast-asia/article/3290185/philippine-gambling-revenue-hit-record-us6-billion-year-despite-pogo-crackdown
AsiaSoutheast Asia

Philippine gambling revenue to hit record US$6 billion this year, despite Pogo crackdown

This year’s record revenue comes despite a crackdown on offshore gambling operators, known as Pogos, which have been linked to criminal activity

Reuters
Philippine gambling revenue to exceed US$6 billion this year, driven by electronic gaming growth. Photo: Shutterstock

The Philippine gambling industry’s revenue is projected to reach a record of more than 350 billion pesos (US$6.03 billion) this year, driven by growth in the electronic gaming sector, the head of the country’s gaming regulator said on Tuesday.

The forecast surpasses the target of 334 billion pesos set by the Philippine Amusement and Gaming Corp (Pagcor) and represents a significant increase from the previous year’s gross gaming revenue (GGR) of 285 billion pesos.

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