PAGCOR: PH Q2 Gross Gaming Revenues up 32.23% to P89.23 Billion

The Philippine Amusement and Gaming Corporation (PAGCOR) announced that the country’s Gross Gaming Revenues (GGR) for the second quarter reached P89.23 billion, which is 32.32% higher than the P67.43 billion GGR in the same period last year.

The second quarter GGR is also 9.21% higher than the first quarter industry revenue of P81.70 billion.
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PAGCOR Chairman and CEO Alejandro H. Tengco said the Electronic Games (E-Games) sector, which brought in, “The E-Games sector recorded an impressive 525% increase from the P4.93 billion 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 P49.48 billion during the period in review, remained the biggest contributor to the second quarter GGR although it was lower compared to last year’s P51.70 billion record and from last quarter’s P49.68 billion.

PAGCOR-operated casinos under the Casino Filipino brand brought in P4.20 billion, 14.80% lower than the 2023 record of P4.93 and 10.41% lower compared to last quarter’s P4.69 billion.

Bingo operations contributed P4.69 billion to the GGR, also lower than the 2023 second quarter revenue of P5.85 billion and the first quarter’s take of P4.81 billion.