{"id":7669,"date":"2020-06-29T22:09:11","date_gmt":"2020-06-29T22:09:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=7669"},"modified":"2026-04-24T04:04:31","modified_gmt":"2026-04-24T07:04:31","slug":"revenue-falls-14-at-philippine-casinos","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/revenue-falls-14-at-philippine-casinos","title":{"rendered":"Revenue falls 14% at Philippine casinos"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Casino operations in the first quarter were heavily impacted by quarantine measures in the Philippines, but POGOs saw an increase in revenue.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Philippines.- The Philippine Amusement and Gaming Corp (PAGCOR) has released data showing casino revenues fell by 14 per cent year-on-year in Q1.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>PAGCOR<\/em><\/strong> said local casinos had taken P45.40 billion (US$910.8 million) in gross gaming revenue (GGR).  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Casinos in Manila saw revenue of P33.46 billion (US$672 million) \u2013 31 per cent less than in the same period of 2019. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Casinos in Entertainment City accounted for nearly 74 per cent of all GGR.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, revenue from Philippine online gaming operators (POGOs) grew by 34.9 per cent to P1.81 billion (US$36 million).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although some casinos located outside of Metro Manila <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/four-philippine-casinos-reopen-with-capacity-limits\" target=\"_blank\" rel=\"noreferrer noopener\">have already received the green-light to reopen<\/a><\/em><\/strong>, quarantine measures remain in place for most of the mayor players in the sector, who hope to reopen in July. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Casino operations in the first quarter were heavily impacted by quarantine measures in the Philippines, but POGOs saw an increase in revenue.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Philippine casino GGR declined 14% year-on-year in Q1 due to quarantine measures, with Manila casinos experiencing a 31% drop. Conversely, Philippine Online Gaming Operators (POGOs) reported a 34.9% revenue increase, highlighting a shift in gaming vertical performance amidst operational restrictions. Total gambling GGR, including electronic gaming, decreased by 12.8%.","focusai_entities":"Philippine Amusement and Gaming Corp (PAGCOR), POGOs","focusai_location":"Philippines, Manila, Metro Manila, Entertainment City","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"POGO Growth Drivers","query":"What specific factors contributed to the 34.9% revenue growth for Philippine Online Gaming Operators (POGOs) during a period of widespread land-based casino closures?"},{"label":"Reopening Impact","query":"What is the projected GGR recovery trajectory for Manila's Entertainment City casinos upon full reopening in July, considering the Q1 31% decline?"}],"footnotes":""},"categories":[163,16333],"tags":[405,128],"class_list":["post-7669","post","type-post","status-publish","format-standard","hentry","category-finance-news","category-south-east-asia-news","tag-pagcor","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7669","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=7669"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7669\/revisions"}],"predecessor-version":[{"id":777010492,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7669\/revisions\/777010492"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}