• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 1 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

GGR of Philippines licensed casinos up 14% sequentially to US$934 million in 4Q22: PAGCOR

Ben Blaschke by Ben Blaschke
Mon 6 Mar 2023 at 13:42
Upping the ante
17
SHARES
424
VIEWS
Print Friendly, PDF & Email

Licensed casinos in the Philippines generated gross gaming revenues of Php51.2 billion (US$934 million) in the three months to 31 December 2022, representing a 94.6% year-on-year improvement and also 14.4% higher than the September 2022 quarter.

According to information published Monday by gaming regulator PAGCOR, 4Q22 revenues included Php44.1 billion (US$805 million) from Manila’s Entertainment City casinos – comprising City of Dreams Manila, Okada Manila, Newport World Resorts and Solaire – up 15.2% over Q3. Clark casinos also booked an 11.3%. increase in GGR to Php6.78 billion (US$124 million) although Fiesta declined slightly to Php369.7 million (US$6.7 million).

Total GGR from PAGCOR operated casinos in 4Q22 was Php4.83 billion (US$88 million), up from Php2.23 billion (US$41 million) in the prior year period and from Php4.63 billion (US$85 million) in 3Q22.

The Q4 results mean Philippines licensed casinos have now booked six consecutive months of rising GGR, aided by the easing of COVID-19 restrictions from late 2021. Authorities also opened the nation’s borders reopened to international tourists in February 2022, eased capacity restrictions in March and dropped all lockdowns in April.

RelatedPosts

IAG names Grand Lisboa Palace Resort Macau as venue and SJM Resorts S.A. as Venue Sponsor for 2025 Power 50 Black Tie Gala Dinner

SJM reports widened 1H25 loss despite GGR growing almost 12% to US$1.90 billion

Thu 28 Aug 2025 at 18:54
Tecnet Asia aids Asian debut of APEX Gaming’s Clover Link at Solaire Resort Entertainment City

Tecnet Asia aids Asian debut of APEX Gaming’s Clover Link at Solaire Resort Entertainment City

Thu 28 Aug 2025 at 13:15
Winds of change

IAG announces program for 2025 IAG Academy Summit on 9 and 10 September at Manila Marriott, Newport World Resorts

Thu 28 Aug 2025 at 13:01
Asia market roundup

Asia market roundup

Thu 28 Aug 2025 at 12:26
Load More
Tags: casinosClarkgross gaming revenueLicensed casinosManilaPAGCORPhilippines
Share7Share1
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Macau Legend says no concerns over ability to continue after reaching agreement with lenders to defer HK$2.1 billion in looming repayments

Macau Legend reports US$182 million loss in 1H25 as imminent cessation of satellite casino operations add to going concern uncertainties

by Ben Blaschke
Mon 1 Sep 2025 at 06:08

Macau Legend Development Ltd, the owner and operator of satellite casino Legend Palace and its surrounding Macau Fisherman’s Wharf precinct, has detailed multiple uncertainties relating to its ability to continue as a going concern after reported a loss of HK$1.42...

China’s largest travel agency discussing agreement with Korea Tourism Organization

South Korea’s gaming and tourism industries call for overhaul of regulatory framework amid rising regional competition

by Newsdesk
Mon 1 Sep 2025 at 05:34

Representatives of South Korea’s tourism and casino industries have called for an overhaul of the country’s regulatory framework, arguing that integrated resorts with casino gaming must be fully utilized in order to boost international tourism. According to a report from...

Summit Ascent shareholders pave way for Suncity to take majority stake

LET Group and Summit Ascent report improved 1H25 performance on Tigre de Cristal upgrades, addition of export business in Russia

by Newsdesk
Mon 1 Sep 2025 at 05:16

Summit Ascent Holdings and its parent company LET Group reported a 64.7% increase in revenue to HK$312.9 million (US$40.1 million) in the first six months of 2025, aided by the improved performance of their Russian integrated resort Tigre de Cristal...

The Star Sydney’s casino license in limbo as final report from second inquiry handed to regulator

Son of Star’s largest shareholder joins Star Entertainment Group board as non-executive director

by Newsdesk
Sun 31 Aug 2025 at 09:16

Troubled Star Entertainment Group has announced the appointment of Bruce Mathieson Jr – the son of Australian pub baron and Star’s largest shareholder Bruce Mathieson – as a non-executive director of the company, subject to regulatory approvals. Mathieson Jr, currently...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English