Licensed casinos in the Philippines enjoyed a fruitful first quarter. According to gambling and sports news reports, Philippine casino GGR increased 13.4 percent quarter over quarter. Also, it increased 14.6 percent than the last quarter of 2021.
The casinos earned a gross gaming revenue of $577 million in the first three months of 2022 up to March 31. The industry had a total of $749 million in the first quarter, which was an increase of 30.4 percent year over year.
Sports betting experts attributed the increase to the relaxed COVID-19 in the Philippines. Also, the country opened its borders to international tourists last February. In addition, the government eased capacity restrictions for hotels and casinos in March. The Philippine government also removed all lockdowns in April.
Philippine Casino GGR Increases in First Quarter
With the effect of the COVID-19 pandemic on organizations dying down, Manila’s four casino resorts produced GGR of $515 million in the first quarter compared to $456 million in the last quarter of 2021. Also, the four integrated resorts in Manila are Okada Manila, Solaire Resort and Casino, Resorts World Manila, and City of Dreams Manila.
They additionally showed solid month to month progress all through the quarter, with GGR of $154 million in January ascending to $178 million in February and $183 million in March.
Casinos in Clark created GGR of $58 million, addressing a 60.1 percent year-on-year increment and 30.9 percent higher than the fourth quarter of 2021.
According to gambling reviews and news sites, PAGCOR-operated casinos saw slight increments both annually and the previous quarter to $50 million.