Gross gaming revenues in the Philippines totaled PH2.42 billion (US$49.9 million) for the second quarter of 2020 due to the closures caused by Covid-19—a 95.7 percent slide. Gaming outlets generated PH60.65 billion for the same period in 2019, with an additional PH1.32 billion from online gaming operators.
The bulk of revenues from April to June came from casinos in Manila’s Entertainment City, according to figures from the Philippine Amusement and Gaming Corp. (PAGCOR). Collectively, the integrated resorts there took in PH1.95 billion in the three-month period.
Casinos in the country are now permitted to operate, but only at 30 percent capacity.
According to PAGCOR, private-sector casinos generated GGR of PH2.16 billion (US$44.6 million) in 2Q20 of which PH1.96 billion (US$40.5 million) came from Manila’s integrated resorts: City of Dreams Manila, Okada Manila, Resorts World Manila and Solaire Resort & Casino. Junket play in private-sector properties fell from PH1.69 billion (US$34.9 million) to PH129.8 million (US$2.7 million).
PAGCOR’s own Casino Filipino-branded properties generated just PH88 million (US$1.8 million), down from PH9.07 billion in 2Q19 (US$187.2 million), reported Inside Asian Gaming.
The regulator reported a loss of PH1.60 billion (US$32.5 million) for the first six months of 2020, down from a net income of PH777.4 million (US$15.8 million) in the first three months of 2020, suggesting a loss of PH2.38 billion (US$48.4 million) during the second quarter.