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).
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.
PAGCOR operated casinos also saw a strong increase with GGR up from Php2.62 billion (US$47 million) in Q1 to Php3.81 billion (US$69 million).
PAGCOR recently outlined its expectation that Philippines GGR would exceed 2019 levels by 2026, however operators IAG has spoken to have suggested gaming revenues are already matching those experienced pre-COVID.