The Philippines’ licensed casinos reported an increase in GGR of 19.0 per cent compared with the previous quarter.
The Philippines.- PAGCOR has announced that licensed casinos and PAGCOR-operated casinos brought in GGR of PHP25.74bn (US$536.2m) in Q1 2021, which represents an increase of 19.0 per cent from PHP25.80bn (US$538.5m) in Q4 2020.
However, PAGCOR reported that Philippine GGR was down 43.9 per cent year-on-year, mainly due to the impact of Covid-19 restrictions.
Some 82.1 per cent of Philippine GGR came from Entertainment City, which hosts four casino venues: City of Dreams Manila, Solaire Resort and Casino, Okada Manila and Resorts World Manila.
Meanwhile, SunTrust, a Suncity Group subsidiary in the Philippines, has revealed plans to develop a hotel and casino resort in Manila’s Entertainment City, which will include 400 gaming tables and 1,200 slot machines, 400 five-star hotel rooms and 960 parking spaces covering 44,000 square metres.
Casinos in Metro Manila will remain closed until at least May 14 under the extension of Modified Enhanced Community Quarantine (MECQ).
As for the Philippine’s online casinos targeting offshore markets, due to ongoing Covid-19 restrictions, Andrea Domingo, chairman of PAGOR, has stated that half of the 60 online casinos that were operating in The Philippines have permanently closed.