{"id":8365,"date":"2023-05-16T00:00:00","date_gmt":"2023-05-16T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/asia\/the-philippine-casino-sector-produced-ggr-of-php59-26-billion-us-1-06-billion\/"},"modified":"2023-05-16T00:00:00","modified_gmt":"2023-05-16T00:00:00","slug":"the-philippine-casino-sector-produced-ggr-of-php59-26-billion-us-1-06-billion","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/the-philippine-casino-sector-produced-ggr-of-php59-26-billion-us-1-06-billion\/","title":{"rendered":"The Philippine casino sector produced (GGR) of PHP59.26 billion (US$1.06 billion)"},"content":{"rendered":"<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The Philippine casino sector produced gross gaming revenue (GGR) of PHP59.26 billion (US$1.06 billion) in the three months to March 31, up by 80.9 percent from the prior-year period. The tally rose by 5.8 percent sequentially.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\">The casino GGR figure excludes revenue from bingo operations and electronic games parlours.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The private-sector casino resorts in Manila&rsquo;s Entertainment City produced about 76.7 percent of all industry GGR in the first quarter, i.e., PHP45.44 billion. The figure was up 69.0 percent in year-on-year terms, and 3.1 percent sequentially.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#0000ff\"><u><a href=\"https:\/\/www.mundovideo.com.co\/asia\/the-worst-happened-new-world-resort-manila\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size:large\">The worst happened, New World Resort manila<\/span><\/a><\/u><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The cluster of commercial casinos in the Clark Freeport Zone, also on the country&rsquo;s main island, Luzon, generated PHP8.29 billion GGR in the first three months this year, up 175.1 percent from a year ago, and a 22.2-percent increase from the preceding three months.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">At Pagcor-operated casinos, aggregate revenue (excluding in-house bingo) in the three months to March 31 was PHP5.10 billion, up 96.2 percent from the prior-year quarter. It was up 6.2 percent from the fourth quarter of 2022.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"color:#0000ff\"><u><a href=\"https:\/\/www.mundovideo.com.co\/asia\/philippine-senator-pushing-to-closing-down-pogos\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size:large\">Philippine Senator, pushing to closing down POGO`s<\/span><\/a><\/u><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">A fortnight ago, state-run Pagcor reported net income of approximately PHP1.34 billion for the first quarter of 2023. It compared with net income of about PHP624.7 million in the prior-year period. Pagcor&rsquo;s total revenue rose by 42.6 percent year-on-year, to PHP17.71 billion. Revenue from gaming operations in the first three months of 2023 increased by 49.4 percent year-on-year, to just above PHP16.88 billion.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The Philippine casino sector produced GGR of just above&nbsp;PHP184.00 billion in full-year 2022, up 90.6 percent from&nbsp;2021.<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The casino GGR figure excludes revenue from bingo operations and electronic games parlours.<\/p>\n","protected":false},"author":1,"featured_media":5806,"menu_order":263,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4247],"class_list":["post-8365","asia","type-asia","status-publish","format-standard","has-post-thumbnail","tag-philippines-pagcor-clark-freeport-zone-philippines","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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