Philippines records year-on-year revenue increase as Covid restrictions ease in 2021

| By Nosa Omoigui
The Philippine Amusement and Gaming Corporation (Pagcor) reported gross gaming revenue (GGR) in the country came to PHP113.92bn (£1.66bn/$2.21bn/€1.99bn) for 2021.

The figure represents a 14.5% increase on 2020 which was blighted by casino closures owed to the Covid-19 pandemic.

Gaming revenue for the year from Pagcor-operated sources totaled PHP8.19bn, down 27.2% from the previous year. Slot machines had the largest revenue with PHP4.92bn. Table game revenue was PHP2.40bn, while junket operations contributed PHP854.4m.

In-house bingo revenue came to PHP10.8m, and poker revenue was PHP6.4m.

Revenue from Pagcor-licenced casinos amounted to PHP88.36bn, up from PHP74.64bn in 2020. Casinos located in Entertainment City had the largest revenue with PHP78.96bn, followed by those in Clark with PHP8.73bn and finally Fiesta with PHP668.9m.

Revenue from other licensees came to PHP16.55bn, an increase of 28.2% from the year prior. Bingo operations added PHP9.84bn, electronic sabong – online betting on cockfighting – had revenue of PHP3.71bn, and revenue from other electronic games came to PHP2.99bn.

2021 also saw Pagcor appoint James Patrick Bondoc to the company’s board of directors. In addition, Entertainment City casinos were permitted to launch online gaming for the first time

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