PAGCOR Chairman and CEO Alejandro Tengco says he is hopeful the Philippines gaming industry will surpass pre-pandemic revenue levels in the near future.
His comments follow the release of the regulator’s financial results for 2022 earlier this week, which showed a 66.2% year-on-year increase in revenues to Php59.0 billion (US$1.08 billion) including a 68.7% increase in income from gaming operations to P55.1 billion (US$1 billion).
The increase followed the reopening of national borders to international tourists in February 2022, easing of capacity restrictions in March and ending of all lockdowns in April, with newly elected President Ferdinand Marcos Jr also removing mask mandates in early November.
