Licensed casinos in the Philippines, which include integrated resorts in Manila’s Entertainment City and the Clark Freeport Zone, generated gross gaming revenues of Php54.2 billion (US$973 million) in 1Q23 – up 80% year-on-year and 5.7% higher than the December 2022 quarter.
According to information published by gaming regulator PAGCOR on Thursday, Entertainment City’s IRs – comprising City of Dreams Manila, Newport World Resorts, Okada Manila and Solaire – combined for Php45.4 billion (US$815 million) in GGR, representing a 69% increase over 1Q22. Clark casinos saw revenues grow 175% to Php8.29 billion (US$149 million) with Fiesta contributing Php421.6 million (US$7.6 million).
Total GGR from PAGCOR operated casinos in 1Q23 was Php5.13 billion (US$92 million), up from Php2.62 billion (US$47 million) in the prior year period and from Php4.83 billion (US$87 million) in 4Q22.
