Momentum slows for Philippines gaming industry in 2Q23 as GGR falls 2.2% to US$1.22 B
Tuesday 08 de August 2023 / 12:00
⏱ 1 min read
(Manila).- The Philippines gaming industry saw its recent momentum slow in the three months to 30 June 2023, with gross gaming revenues falling by 2.2% quarter-on-quarter to Php68.9 billion (US$1.22 billion).
The decline was largely on the back of the country’s licensed casinos, which saw GGR fall by 4.5% to Php51.71 billion (US$917 million).
According to information from gaming regulator PAGCOR, Entertainment City casinos – comprising City of Dreams Manila, Newport World Resorts, Okada Manila and Solaire – saw their 2Q GGR decline by 4.3% to Php43.47 billion (US$771 million) while Clark casinos fell by 5.1% to Php7.86 billion (US$139 million). Fiesta was down by 11.3% to Php374.0 million (US$6.6 million).
PAGCOR casinos also saw their revenues decline compared to the March 2023 quarter, with GGR down 3.8% to Php5.13 billion (US$90.9 million).
Despite the sequential decline, GGR across the board was improved versus the same period in 2022. Licensed casinos were up by 22.8% year-on-year and PAGCOR casinos by 29.6%, helping industry-wide GGR improve by 28.3% in 2Q23 compared with 2Q22.
For the first six months of 2023 combined, Philippines gaming industry GGR sits at Php136.4 billion (US$2.42 billion).
Categoría:Gaming
Tags: Sin tags
País: Philippines
Región: Asia
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
NOVOMATIC drives the growth of the Colombian market at GAT Cartagena 2026
(Cartagena).- Following a standout participation at GAT Cartagena 2026, NOVOMATIC Gaming Colombia reaffirmed its leadership in the Latin American gaming industry by combining a strong technological showcase with the launch of linked progressive jackpots and active involvement in regulatory discussions shaping the future of the slot machine sector in the country.
Thursday 02 Apr 2026 / 12:00
Trade Associations and Governments in Latin America: The Gaming Sector Calls for Technical Dialogue and Regulatory Predictability
(Cartagena de Indias, SoloAzar Exclusive).- Cartagena de Indias was the stage for an intense debate on the role of gaming associations in shaping public policy, where regional leaders agreed on the need to strengthen dialogue with governments, warned about unilateral decisions that affect the sustainability of the industry, and proposed an evolution of trade associations into key technical actors in the region.
Wednesday 01 Apr 2026 / 12:00
Technology, AI and Traceability: Keys to the Future of Gaming at the GAT Expo Cartagena Suppliers Panel
(Cartagena de Indias, SoloAzar Exclusive).- Within GAT Expo Cartagena 2026, technology sector leaders analyzed the challenges and opportunities of the gaming industry during the panel “Innovation, Traceability and Control”.
Tuesday 31 Mar 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.