The Philippines’ licensed casinos reported an increase of 27.7 per cent in GGR compared with Q3.
The Philippines.- PAGCOR has announced that licensed casinos, PAGCOR-operated casinos, bingo operations and electronic games brought in GGR of Php25.80bn (US$538.5m) in Q4 2020. That’s an increase of 27.7 per cent on GGR of Php17.66bn (US$368.6m) in Q3.
Casinos in the Philippines were closed from March 15 last year due to the Covid-19 pandemic and reopened at 30 per cent capacity in August.
Integrated resorts saw the biggest quarterly growth, with GGR up 30.4 per cent to Php16.90bn (US$352.8m).
PAGCOR revenues fell by 60.4 per cent to US$624m in 2020, the lowest level in at least seven years.