{"id":6986,"date":"2012-03-26T19:30:52","date_gmt":"2012-03-26T19:30:52","guid":{"rendered":"http:\/\/www.gaming-awards.com\/NEWS\/?p=6986"},"modified":"2012-03-26T19:30:52","modified_gmt":"2012-03-26T19:30:52","slug":"10-billion-to-surpass-vegas","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/10-billion-to-surpass-vegas\/","title":{"rendered":"$10 billion to surpass Vegas?"},"content":{"rendered":"

 <\/p>\n

\"\"<\/a>

Could 2016 be the year for Pagcor?<\/p><\/div>\n

$10 BILLION is expected to be raked in by 2016 by the Philippine Amusement and Gaming Corporation (Pagcor). The network of casinos comes under \u201cEntertainment City\u201d and it\u2019s been reported that the revenue could surpass Vegas and Singapore.<\/p>\n

This was disclosed by Pagcor chairman Cristino Naguiat during the Economic Journalists Association of the Philippines (EJAP)-San Miguel Corporation Business Journalism Seminar held here over the weekend.<\/p>\n

\u201cThis is easily achievable considering that Singapore\u2019s gaming revenues reached $5.5 billion in 2011 and is targeted to hit $7 billion this year,\u201d he said noting that Singapore has only two integrated resort projects that started operations in 2010.<\/p>\n

Around $4 billion is being invested within the resort. \u00a0\u201cThis is one tenth of the DOT\u2019s (Department of Tourism) tourist arrival target of 10 million by 2016,\u201d Naguiat said adding that Entertainment City will provide direct employment for 40,000.<\/p>\n

He emphasised that the resort will also appeal to families and package gaming with tours.<\/p>\n

Naguiat said the bidding for the project is slated by next month under its public-private partnership program. Pagcor is aiming to grow its revenues by 25 percent this year to P45 billion from P36 billion in 2011 as it continues to package gaming and tourism to overseas travelers.<\/p>\n","protected":false},"excerpt":{"rendered":"

$10 BILLION is expected to be raked in by 2016 by the Philippine Amusement and Gaming Corporation (Pagcor). The network of casinos comes under \u201cEntertainment City\u201d and it\u2019s been reported that the revenue could surpass Vegas and Singapore.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-6986","post","type-post","status-publish","format-standard","hentry","category-gaming"],"yoast_head":"\n$10 billion to surpass Vegas? - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/10-billion-to-surpass-vegas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$10 billion to surpass Vegas? - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"$10 BILLION is expected to be raked in by 2016 by the Philippine Amusement and Gaming Corporation (Pagcor). 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