{"id":777011403,"date":"2023-11-24T09:42:52","date_gmt":"2023-11-24T12:42:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011403"},"modified":"2026-04-22T15:16:14","modified_gmt":"2026-04-22T18:16:14","slug":"philippines-ggr-up-15-1-for-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippines-ggr-up-15-1-for-q3","title":{"rendered":"Philippines GGR up 15.1% for Q3"},"content":{"rendered":"\n<p>The Philippine casino sector reported gross gaming revenue of PHP56.85bn.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- Gross gaming revenue from the Philippine casino sector in the third quarter of the year was PHP56.85bn (US$1.03bn). That\u2019s an increase of 15.1 per cent year-on-year and slightly up\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/philippines-ggr-up-23-4-for-q2\" target=\"_blank\">in quarter-on-quarter terms<\/a>, from PHP56.61bn (US$1bn) in Q2.<\/p>\n\n\n\n<p>The figure excludes revenue from bingo operations and electronic games parlours. Commercial casinos licensed by PAGCOR contributed just under PHP51.91bn, up 16 per cent surge from the PHP44.75bn reported in the same quarter of the previous year.<\/p>\n\n\n\n<p>Commercial casinos in the\u00a0<strong>Clark Freeport Zone<\/strong>\u00a0saw a 45.8 per cent gain, reaching just over PHP8.88bn. Meanwhile, the Entertainment City resorts in Manila, the capital, recorded GGR of PHP42.66bn for the three months ending September 30, reflecting an 11.5 per cent increase from last year. PAGCOR-operated gaming, including Casino Filipino venues, contributed PHP4.94bn, a 6.8 per cent rise.\u00a0<\/p>\n\n\n\n<p>In July,&nbsp;<strong>Alejandro Tengco<\/strong>, PAGCOR&#8217;s chairman and chief executive, projected an annual GGR of at least PHP272.74bn for the Philippine gaming sector in 2023, encompassing revenue from bingo operations and electronic games parlours.<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/pagcor-posts-total-income-of-us906m-for-first-nine-months-of-2023\" rel=\"noreferrer noopener\">PAGCOR posts total income of US$906m for first nine months of 2023<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Philippine casino sector reported gross gaming revenue of PHP56.85bn.<\/p>\n","protected":false},"author":176,"featured_media":16426,"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 casino sector reported a Q3 GGR of PHP56.85bn (US$1.03bn), marking a 15.1% year-on-year increase and a slight quarter-on-quarter rise. Commercial casinos, particularly in Entertainment City and Clark Freeport Zone, drove this growth, with PAGCOR projecting an annual GGR of at least PHP272.74bn for 2023. This figure excludes bingo and electronic games parlours from the Q3 GGR.","focusai_entities":"PAGCOR, Alejandro Tengco, Casino Filipino","focusai_location":"Philippines, Manila, Clark Freeport Zone, Entertainment City","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), operator_casino (0.98), marketing_crm (0.75), investor_analyst (0.97), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Growth Drivers?","query":"What specific gaming verticals or market segments within the Entertainment City and Clark Freeport Zone are primarily driving the observed GGR growth, and how sustainable are these trends?"},{"label":"PAGCOR's 2023 Projection?","query":"Given the Q3 performance, what are the key factors and assumptions underpinning PAGCOR's projected PHP272.74bn annual GGR for 2023, especially considering the exclusion of bingo and e-games from the reported Q3 figures?"}],"footnotes":""},"categories":[163,158,16333],"tags":[23907],"class_list":["post-777011403","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\/777011403","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=777011403"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011403\/revisions"}],"predecessor-version":[{"id":777040902,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011403\/revisions\/777040902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16426"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}