Philippine Gaming Industry GGR Up 37.52% In Q3

The Philippine Amusement and Gaming Corporation (PAGCOR) announced a 37.52% year-on-year increase in Gross Gaming Revenue (GGR) for the third quarter, reaching P94.61 billion.

PAGCOR-operated Casino Filipino venues contributed P3.64 billion. I Photo: PAGCOR Facebook

The growth was driven mainly by a substantial increase in the Electronic Gaming sector, which saw revenue soar by 464.38% to P35.71 billion from P6.32 billion last year.

“This impressive performance highlights the role of modern technology and mobile devices in gaming’s future,” said PAGCOR Chairman and CEO Alejandro H. Tengco.

He projected that the E-Games sector could generate up to P78 billion in license fees by year-end, contributing significantly toward PAGCOR’s revenue target of P100 billion for 2024.

Licensed casinos remained the largest GGR contributor, bringing in P50.72 billion despite a 2.27% decline compared to last year.

PAGCOR-operated Casino Filipino venues contributed P3.64 billion, down 26.32% from 2023. Bingo operations generated P4.52 billion in revenue, a 19.43% drop from the previous year.