Philippines gaming regulator PAGCOR has revealed that gross gaming revenue from the nation’s casinos reached a record Php55.34 billion in the three months to 30 September 2019, an increase of 20.8% over the same period last year. It also represented a 5.8% increase over 2Q19.
The bulk of the Philippines’ third quarter casino revenue came from its Entertainment City integrated resorts – Solaire, Okada Manila and City of Dreams Manila – where GGR climbed 23.5% to Php42.19 billion. Resorts World Manila, located alongside the nearby Ninoy Aquino International Airport, was also included in Entertainment City’s numbers.
The growing casino industry in Clark, around two hours north of Manila, recorded the biggest jump of the quarter with revenue of Php3.31 billion, up 55.8% year-on-year and 51.3% sequentially while PAGCOR-owned casinos saw very slight growth to Php9.33 billion.
By gaming segment, PAGCOR revealed that the nation’s licensed casinos – comprising all privately held operations including those in Entertainment City and Clark – enjoyed a major surge in VIP revenue where GGR grew 50.4% to Php12.43 billion. Mass gaming GGR rose 15.5% to Php19.30 billion with EGM revenue up 21.2% to Php14.28 billion.
PAGCOR said there were a total of 2,378 gaming tables and 21,173 slot machines nationwide as of the end of 3Q19.
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