The Philippine Amusement and Gaming Corporation (PAGCOR) has announced that the country’s Gross Gaming Revenues (GGR) for the second quarter reached Php89.23bn, which is 32.32 per cent higher than the Php67.43bn GGR in the same period last year.
The second quarter GGR is also 9.21 per cent higher than the first quarter industry revenue of Php81.7bn.
PAGCOR Chairman and CEO Alejandro H. Tengco said: “The E-Games sector recorded an impressive 525 per cent increase from the Php4.93bn record year-on-year,” he said. “This sector continues to surpass targets and should help cover up for any shortfall resulting from the President’s order banning offshore gaming operations or POGOs by the end of the year.”
Mr. Tengco also attributes the remarkable performance of the E-Games sector to the crucial policy reforms implemented by PAGCOR in the last year.
The country’s licensed casinos which brought in Php49.48bn during the period in review, remained the biggest contributor to the second quarter GGR although it was lower compared to last year’s Php51.7bn record and from last quarter’s Php49.68bn.
PAGCOR-operated casinos under the Casino Filipino brand brought in Php4.20bn, 14.8 per cent lower than the 2023 record of Php4.93 and 10.41 per cent lower compared to last quarter’s P4.69bn.
Bingo operations contributed Php4.69bn to the GGR, also lower than the 2023 second quarter revenue of Php5.85bn and the first quarter’s take of Php4.81bn.
