The Philippines casino industry reported gross gaming revenue (GGR) of PHP34.17 billion (US$695.1 million) in the third quarter of 2016, up by 12.4 percent from the prior-year period, said the country’s gaming regulator.
Nationwide casino GGR for the first nine months of 2016 was PHP99.77 billion, an increase of 19.8 percent in year-on-year terms, said the Philippine Amusement and Gaming Corp (Pagcor).
In the third quarter, revenue from electronic gaming sites reached PHP5.58 billion. Aggregate national GGR – for electronic gaming sites and casinos combined – was PHP39.74 billion in the three months to September 30, up by 11.2 percent year-on-year.
Casino resorts in the Philippines capital Manila recorded overall GGR of PHP22.61 billion in the third quarter, an increase of 19.8 percent compared to PHP18.88 billion in the prior-year quarter.
Manila’s casino resort sector includes three properties, namely: City of Dreams Manila, run by a subsidiary of Melco Crown Entertainment Ltd; Resorts World Manila, owned and operated by Travellers International Hotel Group Inc, a venture between Philippine-based Alliance Global Group Inc and Genting Hong Kong Ltd; and Solaire Resort and Casino, controlled by Bloomberry Resorts Corp.
Bloomberry on Monday reported net profit of approximately PHP1.41 billion for the three months ended September 30. The casino operator said the third quarter produced the “best ever” quarterly VIP volume, mass table drop and electronic gaming machine coin-in for Solaire.
Jul 20, 2018Japan’s Integrated Resorts (IR) Implementation Bill passed into law on Friday evening after a plenary session of the upper house of the country’s parliament. The passage of the second of two...
Jul 20, 2018
Jul 20, 2018
"The [Macau] government has a lead in this subject in regards to what should be done after the [gaming] concessions expire. We will be first listening to what the government will say”
Ambrose So Shu Fai
Vice-chairman and chief executive at Macau casino operator SJM Holdings