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HomeNewsPhilippines2Q21 GGR in Philippine casinos down 30% sequentially

2Q21 GGR in Philippine casinos down 30% sequentially


PAGCOR has announced that gross gaming revenue in the Philippines saw a 30.4 percent sequential decline in the second quarter, nearing PHP20.9 billion (US$415.2 million) during the period.

The drop coincides with a series of community quarantine measures put in place in Metro Manila during the quarter, largely affecting Entertainment City, where the large-scale integrated resorts are located.

During the period, the Entertainment City casinos made up 78 percent of all industry gross gaming revenue, at nearly PHP14.67 billion. However, the figure was a 30.5 percent drop quarter-to-quarter.

The lockdowns did not appear to have as much of an impact on licensed casinos in Clark, which recorded a 19.1 percent increase in revenue in the quarter compared to 1Q21.

Meanwhile, revenue from PAGCOR properties totaled PHP1.8 billion, comprising less than 10 percent of industry revenue in the period, and a drop of 27.3 percent from the previous quarter. This was caused by a 35 percent fall in table games revenue, a 27 percent drop in slot revenue, and 5 percent drop in junket revenue.

AGBrief Editorial
AGBrief Editorial
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.