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Daily Asia Gaming eBrief: PAGCOR aims for $5.9 bln in GGR for 2024

Good Morning. The secret is to aim high. In 2024, the Philippine Amusement and Gaming Corporation (PAGCOR) is projecting gross gaming revenues (GGR) to hit $5.9 billion. This represents a notable increase of 17.9 percent compared to the actual GGR of $5 billion recorded in 2023. Meanwhile, Macau gaming operators MGM and Wynn have announced the resumption of dividends for the first time since the pandemic.

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AGB Intelligence

PHILIPPINES

Philippines GGR to hit $5.9 bln in 2024

In 2024, the Philippine Amusement and Gaming Corporation (PAGCOR) anticipates gross gaming revenues (GGR) to reach $5.9 billion, marking a notable 17.9% increase of $906.3 million compared to the 2023 recorded GGR of $5 billion. Notably, PAGCOR-run casinos are forecasted to make a significant contribution, with projected gaming revenues expected to reach $1.4 billion by year-end.


Corporate Spotlight

Basketball player Kai Sotto is the new 1xBet ambassador in Asia

Kai Sotto, Basketball player, 1xBet ambassador, Asia

1xBet, a leading global betting company, proudly announces its partnership with rising basketball star Kai Sotto. Hailing from the Philippines, Kai Sotto will serve as the brand ambassador, championing basketball in his homeland and across various Asian nations, extending the 1xBet brand presence across Asia.


Industry Updates

  • DFNN Group and Spain’s CIC Consulting Informático formalize JV.

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AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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