Casinos in the Philippines Are on Its Way to Recovery

Many gambling operators have already started the long recovery. Judging by recent data, published by the gambling regulator in the Philippines, PAGCOR, the industry has already started its recovery.

For the first three months until March 31, 2021, licensed casinos in the Philippines reported gross gaming revenue (GGR) of Php23.27 billion. This represents a 39.2% decrease when compared to Q1 of 2020. This result proves that licensed casinos in the Philippines have started their recovery, despite the lockdown which was introduced in March due to COVID-19.

Looking at the total GGR which includes PAGCOR-operated casinos, bingos, electronic games, as well as licensed casinos, in Q1 of 2021, GGR hit Php30.03 billion. In Q1 of 2021, GGR was higher than Q4 of 2020, when revenue halted at Php25.80 billion.

Although millions of people are yet to receive a COVID-19 vaccine, the more people are vaccinated, the faster the gambling industry can recover from the devastating hit of the pandemic.

To know more about the detailed reporting by PAGCOR, check out: https://www.gamblingnews.com/news/philippine-casinos-on-the-way-to-economic-recovery/