PAGCOR is aiming high with their 2023 revenue goals
PAGCOR strives to invigorate the domestic gaming sector, taking bold steps towards upgrading operations and prioritizing responsible gambling.
Philippine casinos experienced a massive 94.6% surge in gaming revenues from October to December 2022, amounting to an impressive Php51.2 billion (or US$934 million). This quarter’s earnings were even higher than the already substantial 14.4% rise this past September!
PAGCOR has set an ambitious goal for the Philippine gaming sector with a 2023 GGR 33.1% higher than its previous target, and 14.2% above 2022’s actual figure – underscoring rapid growth in domestic gaming activity.
Under the leadership of Chairman and CEO, Alejandro H. Tengco, PAGCOR has set an impressive GGR goal for 2022 buoyed by recent improvements in the gaming sector that are owed to open borders once again welcoming both local and foreign travelers into Philippines.
He remarked: “Despite the challenging circumstances of last year, our owned casinos saw a steady recovery of customer confidence and attendance since late 2020 when lockdowns were eased. During that same time period, our licensed casinos experienced tremendous growth in revenue.”
PAGCOR is taking action to ensure quality standards and goals will be achieved. An ISO:9001:2015 certification has been maintained, with 2023 objectives in sight. As well as streamlined business transactions, a Competency Framework update and associated employee competencies are also being put into place for the future success of the organization.
PAGCOR, under Chairman Tengco’s leadership, has initiated a broad range of initiatives to ensure successful regulation and business operations. These focus on developing beneficial programs for its industries while upholding the importance of responsible gaming and nation-building.