Good morning. Some spectacular results from the Philippines in the fourth quarter, with licensed casinos seeing a 94 percent yearly uptick in GGR, topping $925 million. Meanwhile, the Chinese central government continues to push Macau’s economic diversification as the top party “two sessions” meetings are held. And SJM warns of a $598 million loss for FY22, as renovation costs further weighed down a dismal year.

asia gaming ebrief,galaxy,$439 million loss

What you need to know

  • The Philippines’ licensed casino operators saw a 94 percent yearly uptick in gross gaming revenue, topping $925 million in 4Q22.
  • China’s central government orders Macau to diversify its economy away from casinos, pushing for foreign punters and non-gaming.
  • SJM Resorts warns of a $598 million loss for FY22, as renovation costs for its Jai-Alai casino and satellite casino closures weigh it down.

On the radar

ASEAN Gaming Summit 2023

AGB Intelligence

PHILIPPINES

City Of Dreams Manila, Premium Leisure Corp

PH licensed casino 4Q22 GGR up 94% yearly, topping $925m

Licensed casino operators in the Philippines saw a 94 percent uptick in gross gaming revenues in 4Q22, topping $925 million. The lifting of COVID-related measures and return of punters, in particular from abroad, prompted the gain – mostly registered at Entertainment City properties.


Industry Updates

Meet at ASEAN 2023


MEMBERSHIP | MAGAZINE | ASEAN | CAREERS