Revenue falls 14% at Philippine casinos

Revenue falls 14% at Philippine casinos

Casino operations in the first quarter were heavily impacted by quarantine measures in the Philippines, but POGOs saw an increase in revenue.

Philippines.- The Philippine Amusement and Gaming Corp (PAGCOR) has released data showing casino revenues fell by 14 per cent year-on-year in Q1.

PAGCOR said local casinos had taken P45.40 billion (US$910.8 million) in gross gaming revenue (GGR).

Casinos in Manila saw revenue of P33.46 billion (US$672 million) – 31 per cent less than in the same period of 2019.

Casinos in Entertainment City accounted for nearly 74 per cent of all GGR.

However, revenue from Philippine online gaming operators (POGOs) grew by 34.9 per cent to P1.81 billion (US$36 million).

Total gambling GGR in the first three months of the year, including electronic gaming sites, was P52.40 billion (US$1.05 billion), down by 12.8 per cent year-on-year.

Although some casinos located outside of Metro Manila have already received the green-light to reopen, quarantine measures remain in place for most of the mayor players in the sector, who hope to reopen in July.

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