PAGCOR reports PHP4.22bn net income, up 23% in Q1
PAGCOR recorded net income of PHP4.22 billion in the first quarter, a 23% increase year on year. Its total earnings were PHP28 billion, up 11.2%, while gaming operations and licence fees generated PHP25.53 billion. Separately, PAGCOR announced plans for a framework requiring direct accreditation of gaming affiliates and support-service providers.
The planned accreditation framework would bring payment processors, marketers and other gaming service providers under PAGCOR oversight.