Philippine casino’s temporary closure costs PAGCOR 5 billion to 6 billion pesos per month
PAGCOR is losing its monthly revenue while the nation’s casinos remain closed
President Rodrigo Duterte.
Philippine gaming regulator PAGCOR said the company has lost between 5 billion and 6 billion pesos ($ 98 million to $ 118 million) in monthly revenue while the country’s casinos remained closed.
Philippine authorities announced in mid-March that they would order the closure of all casinos in Manila for a month as part of a community quarantine policy launched by Philippine President Duterte to prevent the spread of the COVID-19. A few days later the closure order was extended to all casinos on Luzon.
Pagcor said that ‘it believes in the seriousness of the Covid-19 situation. Hence, it supports the government’s extreme effort in containing the virus. For its part, the state-run gaming agency has decided to prohibit public gatherings in its gaming venues and in the licensed gaming properties that it regulates.
“This measure is intended to ensure the safety of both gaming employees and customers and eventually, the general public.”
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