THE Philippine Amusement and Gaming Corporation ushered in 2012 with an impressive P600 million growth in its January gross income compared to the same month last year.
“We earned a P3.36 billion gross income last month. This was better by almost 22% compared to our January 2011 income of P2.76 billion,” announced PAGCOR chair and CEO Cristino Naguiat, Jr.
PAGCOR’s substantial income growth for January 2012 was brought about by the buoyant performance of its own gaming operations.
“Our casinos, arcades and in-house bingo operations yielded a P505 million or 26% income growth compared to the same month last year. We also surpassed the January 2012 gaming income target of P2.38 billion operations by 3.07%,” Naguiat noted.
The PAGCOR chief attributed the continuous increase in the corporation’s revenue to the improved gaming mix in its casinos and the enhanced marketing and gaming offerings of the state-owned casinos nationwide.
“Our efforts to provide our patrons with better gaming and entertainment offerings are translating to higher revenues. We hope to continue this upward trend in the coming months as we continue to find ways on how to enhance the overall gaming experience of our customers,” Naguiat cited.
Apart from sourcing revenues from its own gaming operations, PAGCOR also generated P907 million from other income sources such as its income share from the operations of licensed casinos, e-games, poker and commercial bingo.
“Our January 2012 share from other sources was 11.77% or P95.5 million better than the share PAGCOR received in January 2011,” Naguiat added.
Published : Wednesday April 25, 2012 | Category : Business | Views : 424
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