{"id":35424,"date":"2022-11-15T12:43:25","date_gmt":"2022-11-15T15:43:25","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=35424"},"modified":"2026-04-23T02:57:58","modified_gmt":"2026-04-23T05:57:58","slug":"philippines-ggr-up-110-4-for-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippines-ggr-up-110-4-for-q3","title":{"rendered":"Philippines GGR up 110.4% for Q3"},"content":{"rendered":"\n<p> Philippine casinos generated gross gaming revenue of just over PHP49.36bn (US$860.7m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-&nbsp;<strong>The Philippines Amusement and Gaming Corp (PAGCOR)<\/strong>&nbsp;has reported that gross gaming revenue in the third quarter of the year came to PHP49.36bn (US$860.7m). That\u2019s a rise of 7.6 per cent&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/philippines-ggr-up-144-for-q2\" target=\"_blank\">quarter-on-quarter<\/a>&nbsp;and 110.4 per cent year-on-year.<\/p>\n\n\n\n<p>Private casino resorts, including those located in Manila&#8217;s Entertainment City, produced about 90.7 per cent of all GGR (PHP44.75bn). This was up by 6 per cent quarter-on-quarter and 105 per cent when compared to last year. Revenue from bingo, electronic games parlours and e-sabong are not included in casino GGR figures.<\/p>\n\n\n\n<p>PAGCOR-owned casinos generated PHP4.63bn, up 21.6 per cent. This excludes bingo revenue at in-house venues.<\/p>\n\n\n\n<p>In the three months to September 30, table games GGR at PAGCOR-run casinos was up 34.2 per cent when compared to the previous quarter from PHP1.32bn to PHP1.77bn. The amount generated from slots rose by 11.9 per cent, from PHP2.12bn to PHP2.37bn.<\/p>\n\n\n\n<p>PAGCOR reported a net income of nearly PHP104.9m for the period. The regulator has reported that&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/pagcor-net-income-reaches-us60-1m-for-the-first-nine-months-of-2022\" target=\"_blank\">net income<\/a>&nbsp;grew from PHP183.92m to&nbsp;<strong>PHP3.48bn&nbsp;<\/strong>(US$60.1m) for the first nine months of the year. PAGCOR\u2019s aggregate revenue was up 73.5 per cent to PHP42.27bn while income from gaming operations rose by 75.8 per cent to PHP39.17bn.<\/p>\n\n\n\n<p>It attributed the increase in revenue to the&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/manila-to-ease-covid-19-restrictions-from-tomorrow\" target=\"_blank\">easing of Covid-19 restrictions<\/a>. Many casinos in the Philippines resumed full operations in March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Philippine casinos generated gross gaming revenue of just over PHP49.36bn (US$860.7m).<\/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' gross gaming revenue (GGR) reached PHP49.36bn (US$860.7m) in Q3, demonstrating significant quarter-on-quarter and year-on-year growth, predominantly driven by private casino resorts. The state regulator, PAGCOR, reported a substantial increase in its nine-month net income and aggregate revenue, attributing this robust recovery to the easing of COVID-19 operational restrictions.","focusai_entities":"Philippines Amusement and Gaming Corp, PAGCOR","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Future GGR Projections","query":"Given the current growth trajectory and easing of restrictions, what are the GGR projections for the Philippine market in Q4 and FY2023, particularly for the integrated resort segment?"},{"label":"PAGCOR Revenue Allocation","query":"How does PAGCOR's increased net income and aggregate revenue impact its contributions to national development programs and its operational budget for regulatory oversight?"}],"footnotes":""},"categories":[163,16333],"tags":[23907],"class_list":["post-35424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35424","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=35424"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35424\/revisions"}],"predecessor-version":[{"id":35458,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35424\/revisions\/35458"}],"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=35424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}