The Philippines gaming industry saw its recent momentum slow in the three months to 30 June 2023, with gross gaming revenues falling by 2.2% quarter-on-quarter to Php68.9 billion (US$1.22 billion).

The decline was largely on the back of the country’s licensed casinos, which saw GGR fall by 4.5% to Php51.71 billion (US$917 million).

According to information from gaming regulator PAGCOR, Entertainment City casinos – comprising City of Dreams Manila, Newport World Resorts, Okada Manila and Solaire – saw their 2Q GGR decline by 4.3% to Php43.47 billion (US$771 million) while Clark casinos fell by 5.1% to Php7.86 billion (US$139 million). Fiesta was down by 11.3% to Php374.0 million (US$6.6 million).