{"id":777015559,"date":"2024-05-16T09:30:52","date_gmt":"2024-05-16T12:30:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015559"},"modified":"2026-04-22T10:11:21","modified_gmt":"2026-04-22T13:11:21","slug":"e-games-revenue-pushes-philippines-ggr-to-a-new-high-for-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/e-games-revenue-pushes-philippines-ggr-to-a-new-high-for-q1","title":{"rendered":"E-games revenue pushes Philippines GGR to a new high for Q1"},"content":{"rendered":"\n

Gross gaming revenue was up 18.54 per cent\u00a0when\u00a0compared to last year.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Gross gaming revenue (GGR) in the Philippines was PHP81.70bn (US$1.42bn) for the first quarter. The tally was up 2 per cent sequentially and 18.54 per cent\u00a0year-on-year<\/a>. Although, land-based casino GGR was down year-on-year, total GGR was up because electronic games revenue rose six fold at PHP22.5bn.<\/p>\n\n\n\n

Private casino resorts<\/strong>, including those\u00a0located\u00a0in\u00a0Manila\u2019s\u00a0Entertainment City, continue to be the\u00a0biggest\u00a0contributors. They brought in PHP49.7bn (US$863.47m), down 8.2 per cent year-on-year. Revenue from Philippine Amusement and Gaming Corporation (PAGCOR)-operated casinos reached PHP4.69bn (US$81.55m), down 8.6 per cent from a year earlier. Bingo operations contributed PHP4.81bn ($83.53m), also down.<\/p>\n\n\n\n

PAGCOR chairman and CEO\u00a0Alejandro H. Tengco<\/strong> said: “The E-Games revenue performance continues to exceed our projections, and this reflects how gaming\u00a0technology and the proliferation of mobile devices is\u00a0influencing not only our daily lives but our entertainment choices as well.”<\/p>\n\n\n\n

\u201cWith the way technology is constantly shaping our lives\u00a0and\u00a0the\u00a0way we do business, and even the way we choose to\u00a0be entertained, the future of gaming\u00a0clearly\u00a0lies in this sector,\u201d\u00a0he added. “We are confident that with our new regulatory policies, more gaming companies both here and abroad will continue to look at business and investment opportunities in the Philippine gaming industry.”<\/p>\n\n\n\n

The forecast for full-year GGR is PHP336bn (US$5.84bn). The first quarter total surpassed 24 per cent of the target.\u00a0Gaming revenues are typically highest in the last quarter of the year, but first quarter GGR surpasses the record PHP80.12bn (US$1.39bn) seen in the last quarter of 2023. Full-year GGR for 2023<\/a> reached PHP285.27bn (US$4.95bn).<\/p>\n","protected":false},"excerpt":{"rendered":"

Gross gaming revenue was up 18.54 per cent\u00a0when\u00a0compared to last year.<\/p>\n","protected":false},"author":176,"featured_media":20663,"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 Q1 GGR of PHP81.70bn (US$1.42bn), an 18.54% year-on-year increase, primarily driven by a six-fold surge in electronic games revenue to PHP22.5bn. This growth occurred despite a decline in land-based casino GGR, with PAGCOR's CEO highlighting technology and mobile devices as key drivers and expressing confidence in new regulatory policies to attract further investment.","focusai_entities":"Philippine Amusement and Gaming Corporation, PAGCOR, Alejandro H. Tengco","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.85), operator_casino (0.92), product_ux (0.88), tech_data (0.87), marketing_crm (0.75), investor_analyst (0.97), supplier_vendor (0.9), journalist_researcher (0.96)","focusai_suggestions":[{"label":"E-Games Vertical Breakdown?","query":"What specific sub-verticals within electronic games are driving the six-fold revenue increase, and what is their individual contribution to the overall GGR?"},{"label":"Impact of New Regulations?","query":"What are the specific details of PAGCOR's 'new regulatory policies,' and how are they expected to facilitate increased foreign and domestic investment in the Philippine gaming industry?"}],"footnotes":""},"categories":[163,158,16333],"tags":[23907,4138,405],"class_list":["post-777015559","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","tag-online-gambling","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015559","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=777015559"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015559\/revisions"}],"predecessor-version":[{"id":777015589,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015559\/revisions\/777015589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20663"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}