Casinos in Philippines record US$331.5m GGR in Q3

Philippines casinos show recovery.
Philippines casinos show recovery.

According to information released by PAGCOR, the casino sector saw a decent start to operations in the quarter.

The Philippines.- The Philippine casino sector has recorded nearly PHP15.95bn (US$331.5m) in gross gaming revenue (GGR) for the third quarter, up 602.6 percent from the previous quarter.

Those numbers still represent a fall of 71.2 per cent against the same period in 2019, when GGR was PHP55.34 billion, but it marks a reasonable start to operations after a lockdown that lasted the whole of the second quarter of the year.

Casinos were allowed to resume operations in June at 30 per cent capacity, although there is still a lockdown in Metro Manila.

Private-sector casinos generated just under PHP15.04bn in GGR for the three months to September 30. Private-sector casinos based in Entertainment City accounted for about PHP12.96bn.

Pagcor’s own Casino Filipino venues saw GGR of PHP914.7m up, from PHP88.0m in the previous quarter but down 90.2 per cent from the PHP9.33bn recorded in 2019.

The whole Philippine gaming industry, including electronic gaming parlours and bingo operations, reported aggregate GGR of PHP17.66bn.

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