Philippine Amusement and Gaming Corporation. FILE PHOTO

MANILA, Philippines — The Philippine Amusement and Gaming Corp. (PAGCOR) posted an 85 percent drop in first-half net income as weaker earnings from electronic gaming dragged down the state-run gaming regulator’s overall revenue.

Net income fell to P1.58 billion in the six months ended June from a year earlier, while total revenues declined 26.64 percent as gaming receipts weakened.

READ: PH gaming revenue seen to fall 7% this year

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