The Philippine Amusement and Gaming Corp. (Pagcor) sees P44.15 billion in revenues this year.

Pagcor Chairman and Chief Executive Cristino Naguiat Jr. said that “we are projecting growth for this year of P44.15 billion, or 8 percent higher than 2012.”

Pagcor’s commercial bingo and e-games/Internet gaming also sees growth to P3.82 billion from P3.54 billion and P2.02 billion from P1.76 billion, respectively.

Naguiat added that last year, Pagcor earned P40.88 billion in revenues, or 11-percent higher compared to the previous year.

In 2011, Pagcor generated P36.65 billion in revenues, up from the previous year’s P31.46 billion.

Pagcor’s contributions to nation building in 2012 totaled P20.96 billion. This was higher by P3.59 billion compared to the P17.37 billion remittances made by Pagcor to the government in 2011.
The state-owned gaming firm is gearing for revenue growth in the next few years.

“We are focusing on the Entertainment City. The Entertainment City Manila is a multibillion-dollar project of Pagcor, covering 120 hectares of prime reclaimed land at the western portion of the Manila Bay in Parañaque City,” Naguiat said.

The Philippine government’s tourism blueprint, the National Tourism Development Plan, seeks to attract 10 million tourists into the country by 2016.

Besides boosting tourist arrivals, Entertainment City is expected to generate over 20,000 jobs.