{"id":32316,"date":"2022-08-03T02:25:30","date_gmt":"2022-08-03T05:25:30","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32316"},"modified":"2026-04-23T06:18:37","modified_gmt":"2026-04-23T09:18:37","slug":"philippines-ggr-up-144-for-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippines-ggr-up-144-for-q2","title":{"rendered":"Philippines GGR up 144% for Q2"},"content":{"rendered":"\n

Philippines gross gaming revenue came in at US$824.2m for the quarter.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Authorities in The Philippines have reported that gross gaming revenue in the second quarter of the year came in at PHP45.89bn (US$824.2m). That’s a rise of was up 40.1 per cent quarter-on-quarter<\/a> and 144 pr cent year-on-year.<\/p>\n\n\n\n

The increase in revenue was attributed to the\u00a0easing of Covid-19 restrictions<\/a>\u00a0as many casinos in the Philippines resumed full operations in March.\u00a0Manila’s Entertainment City <\/strong>casino resorts generated PHP37.01bn in GGR, accounting for 80.6 per cent of all GGR. The figure was up 37.6 per cent quarter-on-quarter and up 152.3 per cent when compared to last year.<\/p>\n\n\n\n

Casinos in the Clark Freeport Zone<\/strong>\u00a0generated PHP4.75bn GGR, up from PHP3.01bn in the first quarter. PAGCOR-operated casinos reported aggregate revenue (excluding in-house bingo- was PHP3.79bn, up 45.4 per cent quarter-on-quarter.<\/p>\n\n\n\n

A total of PHP1.32bn was generated from table games at PAGCOR-run casinos, up 63.6 per cent from the previous quarter. The amount generated from slots at the same casinos rose by 28.6 per cent, to nearly PHP2.12bn.<\/p>\n\n\n\n

PAGCOR reports net income of US$38.8m for H1<\/h2>\n\n\n\n

The Philippines Amusement and Gaming Corp (PAGCOR)<\/strong> has shared its financial results for the first half of the year. It reported\u00a0a net income of PHP2.16bn (US$38.8m)<\/strong>, up 2,600 per cent\u00a0when compared to last year<\/a>.<\/p>\n\n\n\n

The regulator reported income from gaming operations<\/strong> of PHP24.72bn (US$443m), up 67.3 per cent year-on-year. Total income was PHP26.70bn, up 68.1 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Philippines gross gaming revenue came in at US$824.2m for the quarter.<\/p>\n","protected":false},"author":176,"featured_media":18526,"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 Philippines reported a significant surge in Q2 Gross Gaming Revenue (GGR) to US$824.2m, marking a 40.1% QoQ and 144% YoY increase, primarily driven by the easing of Covid-19 restrictions and full casino operations. Concurrently, PAGCOR announced a robust H1 net income of US$38.8m, representing a 2,600% year-on-year growth, underscoring the market's strong recovery trajectory.","focusai_entities":"Philippines Amusement and Gaming Corp, PAGCOR","focusai_location":"Philippines, Manila, Clark Freeport Zone, Entertainment City","focusai_target_profile":"ceo_executive (0.95), regulator (0.95), compliance_legal (0.7), operator_casino (0.95), affiliate_publisher (0.7), marketing_crm (0.75), payments_fraud_aml (0.7), investor_analyst (0.95), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Growth Sustainability","query":"What specific regulatory or market-driven factors are projected to sustain or potentially decelerate the current GGR growth trajectory in the Philippines beyond the initial post-pandemic recovery?"},{"label":"PAGCOR Revenue Allocation","query":"How does PAGCOR's significant increase in net income and gaming operations revenue impact its contributions to national development funds, and are there any planned changes to its revenue allocation framework?"}],"footnotes":""},"categories":[163,158,16333],"tags":[23907],"class_list":["post-32316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-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\/32316","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=32316"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32316\/revisions"}],"predecessor-version":[{"id":32344,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32316\/revisions\/32344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18526"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}