• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Philippines casino GGR up 15 pct in 2Q: Pagcor

Oct 20, 2017 Newsdesk Latest News, Philippines, Top of the deck  


Philippines casino GGR up 15 pct in 2Q: Pagcor

The Philippines casino industry reported gross gaming revenue (GGR) of PHP39.15 billion (US$759.4 million) in the second quarter of 2017, up by 14.5 percent from the prior-year period, said the country’s gaming regulator.

Nationwide casino GGR for the first half of 2017 was PHP75.92 billion, an increase of 15.7 percent in year-on-year terms, according to data released this week by the Philippine Amusement and Gaming Corp (Pagcor).

In the second quarter, revenue from electronic gaming sites – including traditional bingo, electronic games and sports betting – reached PHP6.17 billion. Aggregate national GGR – for electronic gaming sites and casinos combined – was PHP45.31 billion in the three months to June 30, up by 10.8 percent year-on-year.

Private-sector casino resorts in the Philippines capital Manila recorded overall GGR of PHP28.48 billion in the second quarter, an increase of 25.9 percent compared to PHP22.62 billion in the prior-year quarter.

Manila’s private-sector casino resort sector includes four properties, namely: City of Dreams Manila, run by a subsidiary of Melco Resorts and Entertainment Ltd; Solaire Resort and Casino (pictured), controlled by Bloomberry Resorts Corp; 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 Okada Manila, owned and operated by Tiger Resort, Leisure and Entertainment Inc, a subsidiary of Japanese gaming conglomerate Universal Entertainment Corp.

The data released this week marked the first time Pagcor disclosed GGR data for the country’s casino industry since reporting in November last year the figures for the third quarter of 2016.

The latest data showed GGR generated by the casino junket segment stood at PHP21.79 billion for the first half of 2017, representing 28.7 percent of total casino GGR for the period. The majority of junket-generated casino GGR was recorded in the private-sector casinos, rather than the Pagcor-run ones.

In the first half of 2017, “non-junket” GGR represented 38.3 percent of the total, while electronic gaming machines claimed a market share of 33.0 percent.

Aside from being the sector’s regulator, Pagcor directly operates a suite of state-run casinos. Its own brand of casinos is called “Casino Filipino”. According to the latter’s website, the brand operates venues in 8 locations across the country, and has a further 34 so-called “satellite” sites across the Philippines.

Pagcor casinos reported GGR of PHP8.38 billion in the second quarter of 2017, up by 4.5 percent in year-on-year terms, show the firm’s latest data.

Philippine Finance Secretary Carlos Dominguez said last month that the country’s government expected to sell 17 casinos currently operated by Pagcor in a first round of disposals due to begin in 2018. Following the announcement, Bloomberry’s chairman and chief executive, Enrique Razon, has said his firm would be interested in acquiring some regional casino operations from Pagcor.


  • tweet
Related articles
  • Okada Manila 1Q GGR down 41pct amid casino restrictions
    Okada Manila 1Q GGR down 41pct amid...

    Apr 19, 2021  

  • Macau VIP GGR up 20pct sequentially in 1Q: govt
    Macau VIP GGR up 20pct...

    Apr 16, 2021  

More news
  • April pax tally to rise 26pct m-o-m says Macau airport op
    April pax tally to rise 26pct m-o-m...

    Apr 19, 2021  

  • Two-day Japan IR Forum online event begins on Weds
    Two-day Japan IR Forum online event...

    Apr 19, 2021  


Latest News

April pax tally to rise 26pct m-o-m says Macau airport op

April pax tally to rise 26pct m-o-m says Macau airport op

Apr 19, 2021  

Macau’s airport expects a circa 26-percent-higher volume of passenger movements in April compared to March, according to information it provided to GGRAsia. Macau International Airport Co Ltd,...
Read More
Two-day Japan IR Forum online event begins on Weds

Two-day Japan IR Forum online event begins on Weds

Apr 19, 2021  

Talks on NagaWorld lay-offs amid pandemic: source

Talks on NagaWorld lay-offs amid pandemic: source

Apr 19, 2021  

Oaktree offers US$$2.3bln for Crown to buy out Packer

Oaktree offers US$$2.3bln for Crown to buy out Packer

Apr 19, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.14 billion

Macau’s total VIP gross gaming revenue in the first quarter of 2021



Most Popular

  • Macau 2021 GGR could be half of pre- Covid-19 levels: FitchMacau 2021 GGR could be half of pre- Covid-19 levels: Fitch April 15, 2021
  • NUSTAR complex in Cebu slated to open 2022: UHRINUSTAR complex in Cebu slated to open 2022: UHRI April 16, 2021
  • Macau VIP GGR up 20pct sequentially in 1Q: govtMacau VIP GGR up 20pct sequentially in 1Q: govt April 16, 2021
  • Macau may tie GBA backing to gaming tender: law expertsMacau may tie GBA backing to gaming tender: law experts April 16, 2021
  • Bloomberry Quezon project in 2023, focus on preserving cashBloomberry Quezon project in 2023, focus on preserving cash April 16, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us