2Q21 GGR in Philippine casinos down 30% sequentially

PAGCOR has introduced that gross gaming profits in the Philippines observed a 30.4 p.c sequential drop in the 2nd quarter, nearing PHP20.9 billion (US$415.2 million) through the period.

The fall coincides with a sequence of community quarantine measures set in put in Metro Manila in the course of the quarter, mostly impacting Enjoyment Metropolis, where the substantial-scale built-in resorts are found.

All through the period of time, the Leisure Metropolis casinos created up 78 per cent of all business gross gaming profits, at practically PHP14.67 billion. Nonetheless, the figure was a 30.5 per cent drop quarter-to-quarter.

The lockdowns did not appear to have as much of an effects on certified casinos in Clark, which recorded a 19.1 per cent enhance in earnings in the quarter when compared to 1Q21.

In the meantime, revenue from PAGCOR properties totaled PHP1.8 billion, comprising significantly less than 10 per cent of industry revenue in the interval, and a fall of 27.3 p.c from the previous quarter. This was induced by a 35 per cent fall in desk video games earnings, a 27 percent drop in slot profits, and 5 % fall in junket profits.