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Gaming

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

Tuesday 07 de March 2023 / 12:00

2 minutos de lectura

(Manila).- 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.

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

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.

Categoría:Gaming

Tags: casinos,

País: Philippines

Región: Asia

Event

SBC SUMMIT RIO 2024

05 de March 2024

Andre Gelfi explains the new regulation in the Brazilian gaming and betting market

(Rio de Janeiro, SoloAzar Exclusive).- The Managing Partner of Betsson group in Brazil, Andre Gelfi, was another key figure present at the inaugural SBC Summit Rio. In this exclusive interview with SoloAzar, he shared insights about the gaming and betting market in Brazil. Gelfi emphasized the hot topic of Brazilian regulations for the iGaming industry. In fact, he expressed his anticipation that the regulation, expected to be approved this year, will create a new landscape in the Brazilian market

Wednesday 27 Mar 2024 / 12:00

Influencers: "Between Effectiveness and Responsibility in the Gaming Industry".

(Rio de Janeiro, SoloAzar Exclusive) - As part of the Conference "Influencers: The Next Frontier of Social Media Marketing", as part of the Conference Agenda held on 6 and 7 March at the SBC Summit Rio 2024, leading industry personalities gathered in a panel to discuss the impact of the power of celebrities and influencers in generating engagement, as well as the proposed law that seeks to restrict their promotion of gambling.

Wednesday 27 Mar 2024 / 12:00

Pay4Fun: “We have ambitious expansion plans in the Brazilian market”

(Rio de Janeiro, SoloAzar Exclusive).- Leonardo Baptista, CEO and co-founder of Pay4Fun, is a key figure in the world of iGaming. His company, Pay4Fun, is a leading Brazilian online payment provider specializing in the iGaming market. During the first edition of the SBC Summit Rio, Baptista spoke exclusively with Soloazar, sharing insights about the new services that Pay4Fun will introduce to the market. He also discussed his vision for the future of iGaming in Brazil and Latin America. Another unmissable note by SoloAzar.

Wednesday 27 Mar 2024 / 12:00

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