Philippines Casino Gaming Revenue Up 22.9% in 2018

Philippines casinos posted 187.5 billion pisos (about US$3.6 billion) in casino GGR in 2018, increasing 22.9 percent year-on-year, according to the latest data from the Philippines gaming regulator.

Non-PAGCOR casinos, including the ones found in Entertainment City, Clark, and those owned by Thunderbird, reported casino GGR of 151.6 billion pisos (about US$2.9 billion), an increase of 28.3 percent.

The majority of this revenue was generated by the four casinos in Entertainment City, which include City of Dreams Manila, Okada Manila, Solaire Resort and Casino, and Resorts World Manila.

Equally strong gains were also observed across VIP, mass, and electronic gaming machine segments.

On the other hand, PAGCOR-owned casinos only saw marginal growth in 2018, with casino GGR up 4.4 percent to 35.9 billion pisos (about US$680 million).

In 2018, revenue from electronic gaming sites, including e-games, bingo, and sports betting also saw gains, increasing 19.8 percent year-on-year. (AGB)