{"id":777010862,"date":"2023-11-06T09:26:29","date_gmt":"2023-11-06T12:26:29","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777010862"},"modified":"2026-04-22T16:28:18","modified_gmt":"2026-04-22T19:28:18","slug":"philippine-gaming-industry-still-on-course-to-match-pre-pandemic-levels-says-pagcor-ceo","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippine-gaming-industry-still-on-course-to-match-pre-pandemic-levels-says-pagcor-ceo","title":{"rendered":"Philippine gaming industry still on course to match pre-pandemic levels, says PAGCOR CEO"},"content":{"rendered":"\n

Alejandro Tengco says the increased demand for leisure, travel and entertainment will sustain the industry’s growth trajectory.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- The chairman and chief executive officer of the Philippine Amusement and Gaming Corporation (PAGCOR), Alejandro H. Tengco<\/strong>, has noted that gross gaming revenues have almost returned to 2019 levels<\/strong>.<\/p>\n\n\n\n

Speaking during the RGB Connect Gala Night at the Hilton Clark Sun Valley Resort in Pampanga, Tengco pointed out that the relaxation of travel and movement restrictions had sparked a resurgence in consumer demand for dining, shopping and outdoor activities.<\/p>\n\n\n\n

He said: \u201cToday, we expect the 2023 GGR to match, if not surpass, our 2019 record. Not bad considering that many of our traditional high rollers and junkets have not fully returned, but our domestic players and the influx of new tourists have filled the void.”<\/p>\n\n\n\n

See also: <\/strong>PAGCOR to allot US$992m for nation-building initiatives in 2024<\/a><\/p>\n\n\n\n

Tengco said the growth of the Philippine gaming industry would be bolstered by the opening of additional integrated resorts, including those in Clark. He noted that the state gaming agency is also embarking on a modernisation programme and that PAGCOR plans to launch an online platform, casinofilipino.com.<\/p>\n\n\n\n

He said: \u201cWe expect the delivery of 3,000 brand new slot machines by January next year. We have an agreement in place with a supplier for a revenue-sharing scheme for these new machines which we expect to generate at least P18 billion in revenues in the next five years.<\/p>\n\n\n\n

\u201cWe are also modernizing our table games by replacing our old ones with new and more sophisticated gaming tables to attract more players and further increase revenues,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Alejandro Tengco says the increased demand for leisure, travel and entertainment will sustain the industry’s growth trajectory.<\/p>\n","protected":false},"author":176,"featured_media":777008355,"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 Amusement and Gaming Corporation (PAGCOR) reports gross gaming revenues (GGR) are nearing 2019 levels, driven by domestic players and new tourists, despite reduced high-roller activity. To sustain this growth trajectory, PAGCOR is embarking on a significant modernization program, including the acquisition of 3,000 new slot machines, upgrading table games, and launching an online platform, casinofilipino.com.","focusai_entities":"Alejandro H. Tengco, Philippine Amusement and Gaming Corporation (PAGCOR), RGB Connect Gala Night, Hilton Clark Sun Valley Resort","focusai_location":"Philippines, Pampanga, Clark","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (0.9), affiliate_publisher (0.7), product_ux (0.7), tech_data (0.7), marketing_crm (0.8), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Online Platform Strategy","query":"What specific B2C licensing and operational frameworks will PAGCOR implement for casinofilipino.com, and how will this impact existing B2B\/B2C operators in the Philippine market?"},{"label":"GGR Growth Sustainability","query":"Given the continued absence of traditional high rollers and junkets, what specific market segmentation and player acquisition strategies will PAGCOR employ to sustain GGR growth from domestic players and new tourists?"}],"footnotes":""},"categories":[157,16333],"tags":[405],"class_list":["post-777010862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010862","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=777010862"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010862\/revisions"}],"predecessor-version":[{"id":777041015,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010862\/revisions\/777041015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777008355"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}