Philippines gaming regulator PAGCOR remitted 43% more revenue to the government’s coffers in the first seven months of the year than during the same period in 2022, according to a Bureau of the Treasury report, although this is still 6% lower than pre-pandemic levels.
As per the Manila Bulletin, total remittance between 1 January and 31 July 2023 reached Php18.84 billion (US$331 million), compared with Php13.12 billion (US$231 million) in the 2022 period and Php20.13 billion (US$354 million) from January to July 2019. The Php2.83 billion (US$49.8 million) remitted in July alone was 26% higher year-on-year.
