PHILIPPINES GGR - 2019 to 2024

Gross Gaming Revenue (GGR):USD

 

              2019                     

H1:   $2,340,057,110       
H2:   $2,503,586,871        

Total $4,843,643,981        

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              2020  

H1:   $1,200,599,678

H2:   $1,401,134,992

Total $2,601,734,670

 

              2021                  

H1:   $1,076,373,916

H2:   $1,246,995,937

Total $2,323,369,853

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              2022

H1:   $1,679,239,139

H2:   $2,244,940,640

Total $3,924,179,779

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              2023

H1:   $2,444,230,686

H2:   $2,676,423,318

Total $5,120,654,004

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2023 SUMMARY

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Total GGR exceeded 2019 by 5.71%. Entertainment City however remained slightly down on 2019 but 16.08% higher than 2022. The main growth came from Other Licensed (Bingo, EGM;s), the Clark market led by HANN Casino and Cebu's NuStar which added almost US$100 million. Online and Proxy continue to grow to detriment to casino floor head counts.

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              2024

H1:   $2,962,006,706

H2:

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2024 PROJECTIONS

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We see slowing down of the Entertainment City market as Clark, Cebu and Solaire North (Quezon City) take away some of the gaming revenues. 2024 GGR should be between $6 billion and $6.5 billion with Clark making up $600 million, Cebu $200 million, and Entertainment City $3 billion. The low number of Chinese visitors and junket players will impact Entertainment City, whilst Clark becomes the more desirable gaming destination. A continual push of PIGO and PAGCOR Online will take away from the players visiting land based casinos. 

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GGR PROJECTIONS

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Our projection for a US$10 billion Philippines market remains at full year 2027 exceeding all SE Asian markets other than Singapore and Macau. 

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