PAGCOR, the Philippines Amusement and Gaming Corporation, is none too concerned throughout the long-term fiscal implications stemming from the recent terror wreaked on Resorts World Manila that left 37 innocent dead.
About that Resorts World Manila attack? Shouldn’t have any negative impact on video gaming revenue, so says PAGCOR Chairwoman Andrea Domingo.
PAGCOR CEO Andrea Domingo told reporters this week that her agency does not expect the country’s casino industry to suffer due to the tragedy.
On June 2, a man reportedly suffering from a severe gambling addiction, entered Resorts World into the capital city and lit elements of the gaming flooring burning.
‘As of now, I don’t see any impact on the gaming industry,’ Domingo said, as reported by Malaya Business Insight. ‘since, we’re averaging P5 billion ($101 million) a month, so that’s around P25 billion as of May january. I think we’ll manage to strike the prospective of P60 billion and above.’
The explanation for Domingo’s seemingly unwarranted optimism is that the Resorts World attack isn’t thought to have been linked to any terroristic organization. Capital Region Police Office Chief Oscar Albayalde stated the suspect, who later committed committing suicide, was greatly indebted to the casino and that was his main motive.
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