• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 18 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Philippines licensed casinos suffer 2Q24 GGR decline but E-Games sector drives industry growth

Ben Blaschke by Ben Blaschke
Sun 11 Aug 2024 at 12:51
Philippines licensed casinos suffer 2Q24 GGR decline but E-Games sector drives industry growth

PAGCOR Chairman and CEO Alejandro H. Tengco

43
SHARES
1.1k
VIEWS
Print Friendly, PDF & Email

The combined gross gaming revenues of the Philippines’ licensed casinos fell by 4.3% year-on-year to Php49.48 billion (US$864 million) in the three months to 30 June 2024, which was also very slightly down from the Php49.68 billion (US$867 million) reported in Q1.

However, according to figures released by gaming regulator PAGCOR on Sunday, the industry as a whole continues to boom, with GGR up 32.3% year-on-year and 9.2% quarter-on-quarter to Php89.23 billion (US$1.56 billion) thanks to the growth of the E-Games sector.

PAGCOR Chairman and CEO Alejandro H. Tengco said the E-Games sector, which brought in Php30.85 billion (US$539 million), is still the local gaming industry’s best performer in terms of growth.

“The E-Games sector recorded an impressive 525% increase from the Php4.93 billion (US$86.1 million) record year-on-year,” he said. “This sector continues to surpass targets and should help cover up for any shortfall resulting from the President’s order banning offshore gaming operations or POGOs by the end of the year.”

PAGCOR-operated casinos under the Casino Filipino brand brought in Php4.20 billion (US$73.3 million) in Q2, 14.8% lower than the 2023 record of Php4.93 billion (US$86.1 million) and 10.41% lower compared to last quarter’s Php4.69 billion (US$81.9 million).

Bingo operations contributed Php4.69 billion (US$81.9 million) in GGR, also lower than the 2023 second quarter revenue of Php5.85 billion (US$102 million) and the first quarter’s take of Php4.81 billion (US$84.0 million), PAGCOR said.

RelatedPosts

DigiPlus links with Philippine First Insurance to provide surety bond protection program for its online gaming players

DigiPlus links with Philippine First Insurance to provide surety bond protection program for its online gaming players

Thu 18 Sep 2025 at 17:03
Interview with Newport World Resorts’ Nilo Thaddeus Rodriguez

Interview with Newport World Resorts’ Nilo Thaddeus Rodriguez

Wed 17 Sep 2025 at 19:04
Publication of record

Melco ordered to pay total US$13,700 to City of Dreams Manila workers let go during COVID

Wed 17 Sep 2025 at 17:03
PAGCOR executive says technology advancements aiding rise in illegal online gaming operators

PAGCOR executive says technology advancements aiding rise in illegal online gaming operators

Mon 15 Sep 2025 at 22:25
Load More
Tags: Alejandro TengcoE-Gamesgross gaming revenuesLicensed casinosPAGCORPhilippines
Share17Share3
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.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

1xBet and Paris Saint-Germain extend partnership for three more seasons

1xBet and Paris Saint-Germain extend partnership for three more seasons

by Newsdesk
Thu 18 Sep 2025 at 22:18

Global betting company 1xBet has extended its partnership with Champions League champs Paris Saint-Germain, retaining its status as the club’s official partner for the next three seasons. The renewal was confirmed during the final day of the 2025 SBC Summit...

Industry lawyer: All hope not lost for Thailand’s deflated casino bill

Industry lawyer: All hope not lost for Thailand’s deflated casino bill

by Ben Blaschke
Thu 18 Sep 2025 at 20:04

Thailand’s controversial Entertainment Complex Bill may be dead in the water, but there remains some hope that it could yet be revived – possibly as soon as early 2026 – according to prominent industry lawyer Lau Kok Keng, Partner and...

DigiPlus links with Philippine First Insurance to provide surety bond protection program for its online gaming players

DigiPlus links with Philippine First Insurance to provide surety bond protection program for its online gaming players

by Ben Blaschke
Thu 18 Sep 2025 at 17:03

Leading Philippines eGames provider DigiPlus Interactive Corp has inked a deal with domestic insurance company Philippine First Insurance Co. Inc  to introduce what it describes as the Philippines’ first-ever surety bond program for online gaming players. Taking effect immediately, the...

10 Years Ago – Reimagining Sri Lanka

Sri Lankan cabinet approves budget proposal to increase betting levy, double casino entry for locals

by Newsdesk
Thu 18 Sep 2025 at 02:27

The Sri Lankan cabinet has approved a proposal in the country’s 2025 budget that will see the betting levy increased and casino entry fee for locals doubled. According to a report by local business media outlet Economy Next, Cabinet Spokesman...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English