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Others

PAGCOR, GCG sign 2024 performance target

Monday 25 de March 2024 / 12:00

2 minutos de lectura

(Manila).- Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro Tengco and Governance Commission for GOCCs (GCG) Chairperson Atty. Marius Corpus recently signed PAGCOR’s 2024 Performance Scorecard which summarizes the state gaming agency’s targets and revenue projections for the year.

PAGCOR, GCG sign 2024 performance target

A highlight of the 2024 Performance Scorecard is PAGCOR’s projected gross gaming revenues (GGR) of Php336.38 billion for the Philippine gaming industry. The target is 17.91% or Php51.11 billion higher than the actual 2023 GGR of Php285.27 billion.

Meanwhile, PAGCOR-run casinos are projected to generate Php81.27 billion revenues from gaming operations by the end of the year. This is 2.39% or Php1.9 billion higher than the Php79.37 billion actual PAGCOR casino revenues in 2023.

Also in the 2024 Performance Scorecard are PAGCOR’s commitment of 100% payment of mandatory contributions to recipient agencies; attainment of Php5.266 billion net income (less income tax); and 98% collection efficiency of license and regulatory fees from the agency’s regulated gaming entities.

The state gaming firm likewise committed 90% disbursements budget utilization rate; retention of ISO 9001:2015 Certification (Pass Surveillance Audit); 100% of transactions processed within the prescribed period; 100% attainment of 2024 deliverables; and improvement on the competency baseline of the organization, among others

Categoría:Others

Tags: Sin tags

País: Philippines

Región: Asia

Event

GAT EXPO CARTAGENA DE INDIAS 2024

09 de April 2024

Casino Garage: committed to sustainability

(Cartagena de Indias, Exclusive SoloAzar) - Meet Ester Tarres, the visionary behind Casino Garage, a world leader in refurbishing second-hand slot machines since its creation in 2006. With a team of professionals, Casino Garage has become synonymous with excellence. In this article, Ester tells us about her presence at the GAT Expo, held from 9 to 11 April.

Tuesday 07 May 2024 / 12:00

Responsible Gaming, Regulation and Certification in Latin America and the Caribbean

(Cartagena de Indias, Exclusive SoloAzar). - Karen Sierra-Hughes, Vice President for Latin America, the Caribbean and Spain at GLI (Gaming Laboratories International), led the GLI Corporate Conference: Technology and Sustainable Gaming. With her extensive experience as a gaming regulatory consultant in the region, Karen offered key perspectives on how technology can drive sustainability in the gaming industry.

Tuesday 07 May 2024 / 12:00

Unveiling innovations: WA.Technology's highlights from GAT Expo 2024

(Cartagena de Indias, SoloAzar Exclusive).- In an exclusive interview with Patricio Molloy, Business Development Latam at WA.Technology, we delve into the latest offerings showcased by this leading gaming solutions supplier firm at the GAT Expo Cartagena 2024. From a comprehensive iGaming platform to cutting-edge AI integration, discover how this company is shaping the future of gaming experiences in Latin America and beyond.

Monday 06 May 2024 / 12:00

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