The Philippines’ licensed casinos generated gross gaming revenue of Php30.15 billion (US$577 million) in the three months to 31 March 2022, up 29.6% over 1Q21 and 14.6% higher than the December 2021 quarter according to information released by PAGCOR.
Total industry GGR also increased by 30.4% year-on-year and 13.4% quarter-on-quarter to Php39.15 billion (US$749 million) in 1Q22.
The improved performance follows the easing of most COVID-19 restrictions across the Philippines, with borders reopened to international tourists in February, capacity restrictions eased in March and all lockdowns dropped in April.
With the impact of the COVID-19 pandemic on businesses subsiding, Manila’s four integrated resorts – City of Dreams Manila, Okada Manila, Resorts World Manila and Solaire Resort & Casino – generated GGR of Php26.89 billion (US$515 million) in Q1 compared with Php23.81 billion (US$456 million) in the December quarter.
They also showed strong monthly progress throughout the quarter, with GGR of Php8.03 billion (US$154 million) in January rising to Php9.31 billion (US$178 million) in February and Php9.56 billion (US$183 million) in March.
Casinos in Clark generated GGR of Php3.01 billion (US$58 million), representing a 60.1% year-on-year increase and 30.9% higher than 4Q21.
PAGCOR operated casinos also saw slight increases both annually and sequentially to Php2.62 billion (US$50 million).