Philippines’ GGR grows in first nine months of 2018

PAGCOR showed that GGR reached €2.64 billion in the first nine months of 2018 and already surpassed full year 2017.

Philippines.- The Philippine Amusement and Gaming Corp (PAGCOR) revealed that gross gaming revenue (GGR) in the first nine months of the year grew to €2.64 billion in the country. The figure posted a significant growth year-on-year as it has already surpassed full year 2017’s €2.54 billion.

According to PAGCOR’s information, nationwide casino GGR was €2.3 billion, while the remaining €344 million were contributed by electronic gaming sites, which include traditional bingo, electronic games and sports betting.

Meanwhile, overall GGR for the private-sector casino resorts in Manila reached €1.7 billion in the nine months to September 30. The City of Dreams Manila, the Solaire Resort and Casino, the Resorts World Manila and the Okada Manila are the venues that contribute to the figures PAGCOR has just revealed.

On the other end, state-run casinos (nine venues and 31 satellite casinos operated by PAGCOR) recorded GGR of €452.5 million.

It is the first time PAGCOR reveals the industry’s financial information since it reported 2017’s fourth-quarter results earlier this year.