Casino gross revenue in the Philippines increased by 8% year over year to US$861 million in the third quarter.

In the third quarter of 2022, the Philippine casino industry generated gross gaming revenue (GGR) of just over PHP49.36 billion (US$860.7 million), an increase of 7.6 percent from the second quarter. When compared to the previous year, the total increased by 110.4%. The Philippine Amusement and Gaming Corp., the nation’s gaming regulator, released its most recent quarterly data on Monday. The data in the body are not discussed in detail. The casino’s gross gaming revenue (GGR) figure does not include revenue from bingo halls, electronic gaming establishments, or the “e-sabong” betting industry, which involves wagering on cockfighting matches broadcast online.

In the three months leading up to September 30, the private-sector casino resorts, including those in Manila’s Entertainment City, generated about 90.7% of the total industry GGR, or PHP44.75 billion. The number increased 6.3% from one quarter to the next. In terms of year over year growth, it represented an increase of 105.5 percent. For the three months ending June 30, total revenue at casinos run by Pagcor increased by 21.6 percent to PHP4.63 billion (excluding in-house bingo). 

The gross gaming revenue (GGR) from table games at casinos managed by Pagcor increased by 34.2 percent to PHP1.77 billion in the third quarter. Slot GGR increased from quarter to quarter by 11.9 percent, reaching almost PHP2.37 billion. According to information released in late October, state-run Pagcor, which operates publicly-owned Casino Gcash and serves as the country’s casino industry’s regulatory body, reported net income of nearly PHP104.9 million for the three months ending on September 30.