Pagcor reports casino GGR up 6.5 pct in 17Q2

The Philippines casino industry saw its gaming revenue rise 6.5 percent year-on-year in the second quarter of 2017, reaching P39.1 billion (US$759 million), according to data released by the Philippine Amusement and Gaming Corporation (PAGCOR).

The country also reported P6.2 billion in revenue from e-Gaming sites, making total industry gross gaming revenue reaching P45.3 billion.

Casino resorts from Entertainment City, which include City of Dreams Manila, Okada Manila, Resorts World Manila and Solaire Resort and Casino recorded an increase in gaming revenue of 25.9 percent in the quarter, while gaming revenue from Pagcor-owned casinos fell slightly, down 6.1 percent year-on-year.

The data, which was released last week, also gave a breakdown of revenue from junket, non-junket and EGMs.

In the second quarter of 2017, non-junket revenue reached P12.2 billion, making up for 39.7 percent of the total, while EGM revenue reached P8.5 billion, and junket revenue came in at P10 billion.

More news from this jurisdiction

PhilippinesThursday, Mar 22, 2018

The Philippines eGames industry is expected to grow significantly in the years ahead, with expansion likely to be seen in floor space, rather than in venue numbers, said a panel of experts at ASEAN Gaming Summit.

PhilippinesWednesday, Mar 21, 2018

Galaxy Entertainment Group said it plans to build a low-rise, eco-friendly resort on Boracay, which will be its first project outside of Macau.

PhilippinesTuesday, Mar 20, 2018

Malaysia’s Genting Group is planning an integrated resort on Boracay island at the Savoy Hotel, Philippine Amusement and Gaming Corp Chair Andrea Domingo told reporters at the ASEAN Gaming Summit.

PhilippinesTuesday, Mar 20, 2018

The Philippines is in a strong position to capture a growing share of the premium mass market to help diversify its tourism base, according to Bloomberg Intelligence.

PhilippinesMonday, Mar 19, 2018

Leisure & Resorts World Corp (LRWC) said one of its units has bought a 23-hectare site on Boracay island to develop a $500 million integrated resort with Galaxy Entertainment.

PhilippinesSunday, Mar 18, 2018

Galaxy Entertainment Group’s proposed $500 million casino in Boracay will be proceeding despite an impending closure of the island for up to one year.

PhilippinesThursday, Mar 15, 2018

Gaming Laboratories International has become the first independent accredited gaming test laboratory to successfully complete and issue IP Blocking Certificates for Philippine Offshore Gaming Operator (POGO) licensees.