PAGCOR remits Php1.6bn to Philippines National Treasury (Sabong News)
The regulator has remitted Php1.6bn cash dividends despite a weak performance due to the impact of the Covid-19 pandemic.
The Philippines.-
has remitted
to the National Treasury this week. The sum corresponds to its
.
revenue in 2020 was
when compared to the previous year and the lowest for at least seven years.
In January, it remitted an
corresponding to cash dividends for the year 2019.
Philippines casinos were deeply
and continue to suffer the consequences of the pandemic.
remain closed until at least May 14.
PAGCOR Chairman and CEO Andrea Domingo said: “Through our prudent use of funds,
, especially our battle against Covid-19.”
In order to increase revenue,
has allowed three Integrated Resorts –
– to offer online table games and slots.
has also
and hopes to collect between Php250 and Php350m per month.
PAGCOR reported GGR of US$536.2m in Q1.
