Licensed Philippines casinos suffer 27% sequential GGR decline in 2Q21

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Philippines gaming regulator PAGCOR has reported a 27% sequential quarterly decline in revenue from licensed casinos in the three months to 30 June 2021 to Php16.99 billion (US$337.5 million), impacted by reduced business volumes in Entertainment City.

With the National Capital Region continually affected by COVID-19 restrictions, gross gaming revenues from casinos listed under Entertainment City namely City of Dreams Manila, Okada Manila, Resorts World Manila and Solaire Resort & Casino fell 30.5% versus the March quarter to Php14.67 billion (US$291.4 million).

That figure offset a 19.1% gain for Clark casinos to Php2.24 billion (US$44.5 million).

PAGCORs self-operated gaming operations recorded a 27.3% decline in GGR to Php1.80 billion (US$35.8 million), of which slot machine revenue comprised 59.2% at Php1.07 billion (US$21.3 million).

The 2Q21 update comes after PAGCOR last month reported a 19.9% year-on-year decline and 14.2% sequential quarterly decline in income from gaming operations to Php14.78 billion (US$293.7 million).