in quarter-on-quarter terms<\/a>, from PHP59.26bn in Q1.<\/p>\n\n\n\nPrivate casino resorts<\/strong>, including those located in Manila\u2019s Entertainment City, produced 76.8 per cent of all GGR (PHP43.47bn). This was up by 17.5 per cent year-on-year and down 4.3 per cent when compared to the previous quarter.<\/p>\n\n\n\nCommercial casinos in the\u00a0Clark Freeport Zone\u00a0<\/strong>generated nearly PHP7.86bn, an increase of 65.5 per cent from a year ago and down 5.2 per cent quarter-on-quarter. Aggregate revenue from PAGCOR-operated casinos reached PHP4.91bn, up 29.6 per cent year-on-year and down 3.7 per cent from the fourth quarter of 2022. Revenue from bingo and electronic games parlours is not included in casino GGR figures.<\/p>\n","protected":false},"excerpt":{"rendered":"Gross gaming revenue was PHP56.61bn (US$1bn) in the second quarter.<\/p>\n","protected":false},"author":176,"featured_media":21794,"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 Gross Gaming Revenue (GGR) of PHP56.61bn (US$1bn) in Q2, marking a 23.4% year-on-year increase but a 4.5% quarter-on-quarter decline. Private casino resorts, including those in Manila's Entertainment City, contributed 76.8% of the total GGR, while the Clark Freeport Zone and PAGCOR-operated casinos also demonstrated significant YoY growth despite QoQ dips.","focusai_entities":"PAGCOR","focusai_location":"The Philippines, Manila, Clark Freeport Zone","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Q3 GGR Projections?","query":"What are the projected GGR figures for Q3, considering the observed quarter-on-quarter decline in Q2 across key segments, and what factors might mitigate or exacerbate this trend?"},{"label":"Segment Growth Drivers?","query":"What specific operational or market factors are driving the significant year-on-year growth in the Clark Freeport Zone and PAGCOR-operated casinos, and are these growth drivers sustainable in the long term?"}],"footnotes":""},"categories":[163,158,16333],"tags":[23632,23907],"class_list":["post-777008036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-slider-home","category-south-east-asia-news","tag-integrated-resorts","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008036","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=777008036"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008036\/revisions"}],"predecessor-version":[{"id":777008059,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008036\/revisions\/777008059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21794"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}