Philippines casino industry records a Powerful year

In the Philippines, this past year reportedly saw annual aggregated gross gaming revenues increase by 22.9% year-on-year to high $3.6 billion because the combined amount for the Asian country ’s private-sector casino industry rose by 28.3% to reach in excess of $2.9 billion.

According to a Tuesday report from GGRAsia citing official figures from the Philippine Amusement and Gaming Corporation regulator, industrial casinos have been responsible for a 81% of the nation ’s aggregated gross gaming revenues in 2018 with the huge majority of this amount emanating from the four large gambling venues located in and about Manila.

State-run incidence:

In addition to being a regulator, the state-owned Philippine Amusement and Gaming Corp reportedly operated approximately 19,900 slots along with a set of several 2,080 gaming tables this past year via six Casino Filipino-branded properties and a series of 33 satellite venues spread around the Philippines.

Junket worth:

2018 figures denoted a 24.4% swell year-on-year in the quantity of aggregated gross gaming revenues that was generated by junket operators in the Philippines. This $998.9 million tally accounted for approximately 27.7% of the country ’s united annual takings with almost 83% at $825.4 million arriving from private-sector venues.

Concerning non-junket surgeries, the official 2018 data supported aggregated gross gaming revenues of $1.4 billion, which had accounted for a 40.7% of their combined total, and comprehensive that electronic gaming machines had captured a 31.6% market share to earn takings of over $544.3 million.

Fourth-quarter improvement:

For the final three months of 2018, the figures in the regulator revealed that aggregated gross gaming revenues had swelled by 26.7% year-on-year to reach over $957.9 million as the trio of incorporated casino resorts in the country ’s Entertainment City district posted a corresponding rise of 35.4% to exceed $736.9 million.