Manila’s Entertainment City casinos generated combined gross gaming revenues of Php164.1 billion (US$2.87 billion) in 2024, down 5.3% year-on-year despite showing some improvement as the year progressed.
According to Philippine gaming industry data published by gaming regulator PAGCOR this week, the decline of Entertainment City revenues – comprising City of Dreams Manila, Okada Manila, Newport World Resorts and Solaire Resort Entertainment City – outpaced the combined drop in GGR across all licensed casinos nationwide, which fell by 2.7% year-on-year to Php201.8 billion (US$3.53 billion).
Clark casinos suffered a 1.1% decline in GGR to Php26.9 billion (US$470 million) in 2024 although Greenfield casinos – those located in areas
within rural provinces, cities or municipalities deemed to have high
potential for tourism development – enjoyed a 71.9% increase in gaming revenues to Php9.47 billion (US$166 million).
PAGCOR-operated casinos saw gaming revenues fall by 18.6% year-on-year to Php16.0 billion (US$280 million) of which more than half, Php8.23 billion (US$144 million), was generated via slot machines.
Despite this, total industry GGR grew by 30.5% in FY24 to Php372.3 billion (US$6.51 billion) – buoyed by the explosive growth of the E-Games sector which contributed revenues of Php135.7 billion (US$2.37 billion).
In the fourth quarter of 2024, licensed casinos generated GGR of Php51.9 billion (US$907 million) – the highest quarterly total of the year – including Php42.7 billion (US$746 million) from Entertainment City casinos.
As recently reported by IAG, the broader decline in gaming revenues across the Philippines’ casinos is at least in part due to the crackdown and eventual ban on offshore gaming operators, or POGOs, which were known to be significant contributors in the VIP gaming space.
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