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The Philippine Amusement and Gaming Corp. on Tuesday said it nearly doubled its net income for the first nine months of the year, on the back of double-digit growth in revenues driven by the stronger performance of electronic games and licensed casinos. PAGCOR said its net income from January to September increased to P9.63 billion from P4.85 billion the same period, while revenues climbed 42% to P79.43 billion from P55.95 billion in the comparable period in 2023.
, in his third state of the nation address in July, announced the ban on Philippine Offshore Gaming Operators , while ordering PAGCOR to wind down and stop all their operations by the end of the year.PAGCOR said contributions to nation-building increased by 40.39% to P48.88 billion, with P33.19 billion going to the National Treasury. Out of the remittances to the national coffers, P16.59 billion was earmarked for the Philippine Health Insurance Corp. to finance the Universal Healthcare Law.
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