GGR at Philippines licensed casinos jumps 40% sequentially in 2Q22

August 3, 2022 Philippines Earnings & Filings Industry Updates

Philippines casino industry GGR jumped 34.3% quarter-on-quarter to Php52.6 billion (US$949 million) in the three months to 30 June 2022, including a 39.7% increase among the country’s licensed casinos.

According to figures released by gaming regulator PAGCOR on Tuesday, licensed casinos generated Php42.1 billion (US$758 million) in GGR in Q2, up from Php30.1 billion (US$542 million) in the March quarter and from Php16.9 billion (US$304 million) in 2Q21.

The Q2 figures included a 37.6% GGR increase from Manila’s Entertainment City resorts – comprising City of Dreams Manila, Okada Manila, Resorts World Manila and Solaire – to Php37.0 billion (US$666 million) and a 57.7% improvement from casinos in Clark to Php4.8 billion (US$86 million).