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Philippine gaming revenue grows 30.3% in Q1

| By Marese O'Hagan
Land-based gaming in the Philippines generated PHP2.61bn (£610.7m/€713.8m/$752.1m) in gross gaming revenue (GGR) in the first quarter of the year.

This was up 30.3% from the first quarter of 2021.

Across the first three months, GGR grew steadily. March saw the highest amount of GGR, at PHP13.94bn, while February GGR was PHP13.1bn. January’s GGR was PHP12bn.

Revenue from licensed casinos was PHP30.14bn, up by 29.5% year-on-year. A majority of this – PHP26.88bn – came from Entertainment City. The Clark casino generated PHP3.01bn, while the Fiesta casino saw PHP243.9m in revenue.

Gaming operated by the Philippine Amusement and Gaming Corporation (PAGCOR) brought in PHP2.61bn, for the quarter, a rise of 5.7%. This was mostly from slot machines, which recorded PHP1.64bn in revenue.

Table games revenue was PHP808.2m, while junket operations generated PHP139.8m. In-house bingo revenue amounted to PHP14.6m, while poker revenue was PHP11.2m.

The remaining revenue was comprised of other licensed activities. Bingo operations saw PHP3.48bn in revenue. Electronic sabong – online bets on cockfighting – generated PHP1.66bn across the quarter.

Last week, Rodrigo Duterte, the now-outgoing president of the Philippines ordered an end to e-sanbong, stating that it was “was working against our [the Philippines’] values”.

Revenue from other electronic games was PHP1.24bn.

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