Philippines: Gaming GGR grows 37.52% to Php94.61B in Q3
Thursday 14 de November 2024 / 12:00
2 minutos de lectura
(Philippines).-The Philippine Amusement and Gaming Corporation (PAGCOR) today announced that the local gaming industry’s Gross Gaming Revenues (GGR) grew 37.52% in the third quarter to Php94.61 billion from the Php68.79 billion GGR year-on-year.
PAGCOR today announced that the industry’s third quarter growth was driven mainly by the Electronic Gaming sector which increased more than five-fold, generating Php35.71 billion in revenues from last year’s Php6.32 billion.
“The Electronic Gaming sector recorded a phenomenal increase of 464.38% from last year,” said PAGCOR Chairman and CEO Alejandro H. Tengco.
“This impressive performance is a strong indication that the use of modern technology and mobile gadgets in gaming and amusement will continue to play a pivotal role in shaping the future of gaming.”
The PAGCOR Chief said he is optimistic that the E-Games sector will continue to flourish as technology increasingly becomes an integral part of people’s lifestyles, including in shopping, gaming and entertainment.
“In fact, by year-end, we expect this sector to generate as much as Php78 billion in license fees alone, substantially contributing to the realization of our Php100 billion revenue target for 2024,” Mr. Tengco said.
The country’s licensed casinos, which remained the biggest contributor to the third quarter GGR, brought in Php50.72 billion despite a 2.27% decline in revenue performance compared to last year’s Php51.90 billion.
Casino Filipino gaming venues operated by PAGCOR brought in Php3.64 billion, 26.32% lower than the 2023 record of Php4.94 billion.
Bingo operations contributed Php4.52 billion to the GGR, also 19.43% lower than the 2023 third quarter revenue of Php5.61 billion.
Categoría:Reports
Tags: Sin tags
País: Philippines
Región: EMEA
Event
SiGMA Central Europe
03 de November 2025
SiGMA Central Europe 2025 Closes First Edition with High Attendance and Roman-Inspired Experiences
(Rome, Exclusive SoloAzar) - The first edition of SiGMA Central Europe in Rome came to a close, leaving a strong impression on the iGaming industry. With thousands of attendees, six pavilions brimming with innovation, and an atmosphere that paid homage to Roman history, the event combined spectacle, networking, and business opportunities. It also yielded key lessons for future editions.
Friday 07 Nov 2025 / 12:00
Innovation, Investment, and AI Take Center Stage on Day 3 of SiGMA Central Europe
(Rome, SoloAzar Exclusive).- November 6 marks the final and most dynamic day of SiGMA Central Europe 2025, with a packed agenda that blends cutting-edge tech, startup energy, and investor engagement. With exhibitions, conferences, and networking opportunities running throughout the day, Day 3 promises to close the event on a high note.
Thursday 06 Nov 2025 / 12:00
SiGMA Central Europe Awards 2025: BetConstruct Wins Innovative Sportsbook Solution of the Year
(Malta).- BetConstruct has been recognised at the SiGMA Central Europe Awards 2025, receiving the Innovative Sportsbook Solution of the Year award. This achievement highlights the company’s continued focus on elevating retail betting experiences and supporting operators with solutions that create measurable business value.
Wednesday 05 Nov 2025 / 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.