PAGCOR reports just $49.9m in Q2 GGR

By Violeta Prockyte

The Philippine Amusement and Gaming Corp (PAGCOR) has published gross gambling revenue (GGR) for Q2, recording only PHP2.42bn ($49.9m) for the trading period.

The ongoing COVID-19 pandemic has caused casino closures, meaning GGR for Q2 2019 was comparatively higher, with PHP60.65bn generated from various gambling outlets and PHP1.32bn from online gaming operators. 

Casinos in Manila, including City of Dreams Manila, Okada Manila, Resorts World Manila and Solaire Resort & Casino, produced the majority of revenue, as some of the venues in the area were allowed to resume limited operations in a form of trial runs that started in June.

The casinos earned PHP1.95bn ($40.5m) during the second quarter. In total, private sector casinos earned PHP2.16bn ($44.6m).

Private sector junket properties earned PHP129.8m ($2.7m), a decline from PHP1.69bn ($34.9m) for Q2 2019.

The regulator recorded PHP55.33bn in earnings for the first six months of 2020. In July, PAGCOR announced a loss of PHP1.6bn for H1 that ended on June 30. 

Currently, casinos in the country are allowed to reopen but are limited to 30% capacity.


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