Manila, July 30 -- State-run Philipine Amusement and Gaming Corporation (PAGCOR) said revenues rose 14 percent to PHP59 billion in the first half of the year from PHP51.8 billion last year.
In a statement Wednesday, PAGCOR said bulk of its revenues came from gaming operations and license fee shares amounting to PHP53.4 billion while PHP5.7 billion came from other related services and non-gaming income.
Revenues from gaming alone jumped 17.7 percent year-on-year, driven primarily by the strong performance of licensed digital platforms and land-based casinos.
PAGCOR said the strong revenue stream allowed the agency to increase its contributions to nation-building (CnB).to PHP38.1 billion.
This was up by 20 percent from the PHP31.8 billi...
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