{"id":29759,"date":"2022-05-11T07:02:34","date_gmt":"2022-05-11T10:02:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29759"},"modified":"2026-04-23T08:49:38","modified_gmt":"2026-04-23T11:49:38","slug":"philippines-ggr-up-14-8-for-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippines-ggr-up-14-8-for-q1","title":{"rendered":"Philippines GGR up 14.8% for Q1"},"content":{"rendered":"\n

Casino resorts located in Manila\u2019s Entertainment City produced about 82.1 per cent of all industry GGR in the three months to March 31.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- The Philippine Amusement and Gaming Corp (PAGCOR)\u00a0<\/strong>has reported that gross gaming revenue in the first quarter of the year was up 14.8 per cent from PHP28.54bn (US$555.2m) to PHP32.75bn (US$ 626.9m)\u00a0quarter-on-quarter<\/a>.<\/p>\n\n\n\n

Revenue from casinos located in Entertainment City\u00a0<\/strong>in Metro Manila was PHP26.89bn, up 12.9 per cent quarter-on-quarter. It represented 82.1 per cent of all industry GGR.\u00a0Casinos located in the Clark Freeport Zone<\/strong>\u00a0generated nearly PHP3.01bn while PAGCOR-operated casino revenue was PHP2.60bn, up 17.1. per cent when compared to the previous quarter.<\/p>\n\n\n\n

The regulator revealed that\u00a0table games GGR<\/strong> at PAGCOR-run casinos\u00a0reached PHP808.2m during the first quarter of the year. The figure was up 20.3 per cent quarter-on-quarter. Slot GGR rose by 14.2 per cent quarter-on-quarter to PHP1.64bn.<\/p>\n\n\n\n

The improvement in GGR coincided with\u00a0a relaxation in the Covid-19 countermeasures<\/a>\u00a0as casinos returned to full capacity in March.<\/p>\n\n\n\n

Philippines GGR to reach 85% of pre-pandemic level in Q4, analysts say<\/h2>\n\n\n\n

GGR\u00a0<\/strong>at Philippine casinos could reach 85 per cent of pre-pandemic levels by the fourth quarter of this year, according to banking group Morgan Stanley. Analysts say factors supporting growth include the reopening of borders in Southeast Asian countries in the second quarter and the easing of Covid-19 countermeasures from March.<\/p>\n\n\n\n

Morgan Stanley expects the main private gaming resorts in Manila\u2019s Entertainment District to report a combined GGR of PHP27bn (US$515m)<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Casino resorts located in Manila\u2019s Entertainment City produced about 82.1 per cent of all industry GGR in the three months to March 31.<\/p>\n","protected":false},"author":176,"featured_media":18432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine gaming market reported a 14.8% quarter-on-quarter GGR increase to PHP32.75bn in Q1, primarily driven by Entertainment City casinos which accounted for 82.1% of the total. This recovery is attributed to eased COVID-19 restrictions and border reopenings, with analysts projecting GGR to reach 85% of pre-pandemic levels by Q4.","focusai_entities":"Philippine Amusement and Gaming Corp, PAGCOR, Morgan Stanley","focusai_location":"Philippines, Manila, Metro Manila, Clark Freeport Zone, Southeast Asia","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Entertainment City GGR","query":"Beyond the relaxation of COVID-19 countermeasures, what specific operational efficiencies or market segmentation strategies are Entertainment City operators deploying to achieve such a dominant share of the national GGR?"},{"label":"PAGCOR Revenue Diversification","query":"With PAGCOR-operated casinos showing strong GGR growth, what are the regulator's long-term strategic objectives for its proprietary gaming assets versus its oversight of private licensees, particularly concerning revenue diversification?"}],"footnotes":""},"categories":[157,158,16333],"tags":[23907],"class_list":["post-29759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=29759"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29759\/revisions"}],"predecessor-version":[{"id":29770,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29759\/revisions\/29770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18432"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}