Philippines GGR up almost 23 pct in 2018

PAGCOR revealed that the casino industry posted GGR of €3.16 billion in 2018, up 22.9% year-on-year.

Philippines.- Despite the casino moratorium, the Philippine industry recorded GGR of €3.16 billion during 2018, 22.9% higher year-on-year, the Philippine Amusement and Gaming Corp (PAGCOR) revealed.

According to the country’s gaming regulator, private-sector casino resorts in the Philippines managed to post an overall GGR 28.3% better than 2017’s as it reached €2.56 billion. Furthermore, it explained that the four Manila Entertainment City venues contributed to last year’s private-sector GGR.

Meanwhile, the casino junket segment achieved a 24.4% GGR hike as it posted €878 million for full 2018. It also accounted for 27.7% of total casino GGR for the period and was mainly recorded at private-sector casinos.

The industry managed to grow despite an anti-gambling policy that keeps companies uncertain about the future in the country. Nonetheless, as long as figures continue to grow, they have nothing to worry about.