Philippines GGR sees 20.8% growth in 19Q3 on VIP uptick

Philippines’ gross gaming revenue reached P55.3 billion (US$1.1 billion) in the third quarter of this year, a rise of 20.8 percent year-on-year, according to the latest figures from the country’s gaming regulator. 

The majority of the third quarter casino revenue came from integrated resorts from Entertainment City, producing a total of P42.2 billion in the quarter, an increase of 23.5 percent year-on-year. 

These resorts include City of Dreams Manila, Okada Manila, Solaire Resort & Casino, and Resorts World Manila.

However, casinos located in Clark recorded one of the biggest jumps in quarterly revenue, increasing 55.8 percent year-on-year.

Private sector casinos, including those mentioned from Entertainment City, Clark and elsewhere reported strong growth in mass table games, VIP and electronic gaming GGR, up 15.9 percent, 50.4 percent, and 21.2 percent, respectively. 

PAGCOR owned casinos, on the other hand, saw only a slight increase in revenues in the quarter. 

Earlier this month, the Philippines Department of Tourism reported a 14.4 percent year-on-year growth in tourist arrivals in the first nine months of 2019.

The 6.16 million tourists during the nine-month period included 1.45 million South Koreans (24%), 1.36 million Chinese (22%), 790,000 Americans (13%), 518,000 Japanese (8%), and 253,000 Taiwanese (4%).