THE MACAU METRO MONITOR, JUNE 19, 2013
PHILIPPINES CASINO INDUSTRY REVENUE GROWING: PAGCOR Macau Business
The performance of the Philippine casino industry in 2013 is so far meeting expectations, says Cristino Naguiat, the chairman and CEO of PAGCOR. PAGCOR operates 13 casinos in the Philippines and is also the country’s regulator. “I’m certain that the first five months of the year has been higher compared to the same period last year,” Naguiat said.
He estimates that the country’s gaming revenue will reach US$2.5 billion this year, up from US$2 billion in 2012. “The bulk of that growth will basically come from Solaire Resort and Casino,” inaugurated in March, Naguiat said. Naguiat expects annual casino gaming revenue in the Philippines to grow to US$10 billion by 2017-2018.