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GGR at Philippines licensed casinos jumps 40% sequentially in 2Q22

Ben Blaschke by Ben Blaschke
Tue 2 Aug 2022 at 17:48
Longest serving PAGCOR chief Alicia Reyes dies aged 88
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Philippines casino industry GGR jumped 34.3% quarter-on-quarter to Php52.6 billion (US$949 million) in the three months to 30 June 2022, including a 39.7% increase among the country’s licensed casinos.

According to figures released by gaming regulator PAGCOR on Tuesday, licensed casinos generated Php42.1 billion (US$758 million) in GGR in Q2, up from Php30.1 billion (US$542 million) in the March quarter and from Php16.9 billion (US$304 million) in 2Q21.

The Q2 figures included a 37.6% GGR increase from Manila’s Entertainment City resorts – comprising City of Dreams Manila, Okada Manila, Resorts World Manila and Solaire – to Php37.0 billion (US$666 million) and a 57.7% improvement from casinos in Clark to Php4.8 billion (US$86 million).

The improved performance follows the easing of most COVID-19 restrictions across the Philippines, with borders reopened to international tourists in February, capacity restrictions eased in March and all lockdowns dropped in April.

PAGCOR operated casinos also saw a strong increase with GGR up from Php2.62 billion (US$47 million) in Q1 to Php3.81 billion (US$69 million).

PAGCOR recently outlined its expectation that Philippines GGR would exceed 2019 levels by 2026, however operators IAG has spoken to have suggested gaming revenues are already matching those experienced pre-COVID.

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Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

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