{"id":93924,"date":"2018-12-05T12:07:01","date_gmt":"2018-12-05T20:07:01","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=93924"},"modified":"2018-12-05T12:07:01","modified_gmt":"2018-12-05T20:07:01","slug":"2018-philippines-gross-gaming-revenue-tops-2017-total","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/2018-philippines-gross-gaming-revenue-tops-2017-total\/","title":{"rendered":"2018 Philippines Gross Gaming Revenue Tops 2017 Total in Just Nine Months"},"content":{"rendered":"<p class=\"p1\">The Philippines gaming industry is flourishing, as gross gambling revenues (GGR) in 2018 through September have already exceeded the country&#8217;s 2017 total haul.<\/p>\n<figure id=\"attachment_93928\" aria-describedby=\"caption-attachment-93928\" data-style=\"width: 2700px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-93928\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/1.jpeg\" alt=\"Philippines casinos gambling revenue PAGCOR\" width=\"2700\" height=\"1603\" \/><figcaption  id=\"caption-attachment-93928\"class=\"text-description\">Integrated casinos like City of Dreams in Manila&#8217;s Entertainment City are further growing the Philippines gaming industry. (Image: Melco Resorts)<\/figcaption><\/figure>\n<p class=\"p1\">The Philippines Amusement and Gaming Corporation (PAGCOR) released revenue statistics for the industry this week showing that January through September win is at PHP 158.362 billion ($3 billion). That figure is already <a href=\"https:\/\/www.casino.org\/news\/philippine-casinos-generate-nearly-3-billion-in-2017-revenue\">higher than the $2.92 billion<\/a> the country&#8217;s casinos, electronic gaming cafes, and online platforms won in 2017.<\/p>\n<blockquote class=\"main-blockquote\">\n<p class=\"p1\">Our performance this year is better than expected for both the private integrated resorts and the PAGCOR-owned casinos,&#8221; PAGCOR Chairwoman Andrea Domingo told the <i>Manila Bulletin<\/i>.<\/p>\n<\/blockquote>\n<p class=\"p1\">GGR is up 14 percent year-over-year. At the pace, total win will come in around $3.32 billion when the final three months of 2018 are tallied.<\/p>\n<h2 class=\"p1\"><b>Integrated Resorts Drive Win<\/b><\/h2>\n<p class=\"p1\">The vast majority of gaming revenue in the Philippines comes from the four commercial integrated casino resorts in Manila \u2013 City of Dreams, Solaire, Resorts World, and Okada \u2013 which collectively won $1.96 billion in the first nine months of 2018. Manila&#8217;s Entertainment City, where all but Resorts World are located, is set to expand as the Westside City complex opens in the coming years.<\/p>\n<p class=\"p1\">PAGCOR is not only a federal gaming regulator, but also an operator. Its eight Casino Filipino venues and 34 satellites reported GGR of $510 million.<\/p>\n<div class=\"callout\">\n<p class=\"p1\">Philippines President Rodrigo Duterte had ordered PAGCOR to divest its land-based casinos and transition into a regulator-only capacity, but in September Domingo said the properties were operating too profitably, and would therefore remain under state control.<\/p>\n<\/div>\n<p class=\"p1\">Electronic gaming, which includes online bingo and sports betting, reported GGR of $391 million.<\/p>\n<h2 class=\"p1\"><b>Changing Opinions<\/b><\/h2>\n<p class=\"p1\">After taking office in June of 2016, Duterte made it his mission to transform the country into a leading entertainment and gaming destination in Southeast Asia. But he also wanted to rid the country of corruption and illegal drugs.<\/p>\n<p class=\"p1\"><span style=\"color: #800080;\"><strong>Duterte&#8217;s law enforcement directive to &#8220;shoot first, ask questions later&#8221; has been heavily criticized by world leaders and the United Nations. The president also forced PhilWeb, once the country&#8217;s largest operator of e-gaming cafes, to close after declaring its billionaire owner Roberto Ongpin an &#8220;oligarch&#8221; who &#8220;must be destroyed.&#8221;<\/strong><\/span><\/p>\n<p class=\"p1\">Ongpin sold off his stake in PhilWeb at a deep discount, and the e-gaming business has resumed some operations.<\/p>\n<p class=\"p1\">More than three years since taking off, Duterte&#8217;s tone has now shifted to one of anti-gaming. He&#8217;s recently pledged to stop the authorization of new casinos, and backed up his words by halting construction on Landing International&#8217;s $1.5 billion casino in Entertainment City, and a proposed $500 million resort from Galaxy Entertainment on Boracay island.<\/p>\n<p class=\"p1\">Philippines Senator Leila de Lima, a resilient Duterte critic who was jailed under his presidency, recently <a href=\"https:\/\/www.casino.org\/news\/philippines-senator-wants-full-review-of-gaming-industry\">called for a thorough review<\/a> of the entire gaming industry on grounds that the market is &#8220;at serious risk for market saturation and oversupply.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Philippines gaming industry is flourishing, as gross gambling revenues (GGR) in 2018 through September have already exceeded the country&#8217;s 2017 total haul. The Philippines Amusement and Gaming Corporation (PAGCOR) released revenue statistics for the industry this week showing that January through September win is at PHP 158.362 billion ($3 billion). That figure is already [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":93928,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,61],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2018 Philippines Gaming Revenue Tops 2017 Total in Just Nine Months<\/title>\n<meta name=\"description\" content=\"The Philippines gaming industry is flourishing, as gross gambling revenues in 2018 through September have already exceeded the country&#039;s 2018 total haul.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/2018-philippines-gross-gaming-revenue-tops-2017-total\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2018 Philippines Gaming Revenue Tops 2017 Total in Just Nine Months\" \/>\n<meta property=\"og:description\" content=\"The Philippines gaming industry is flourishing, as gross gambling revenues in 2018 through September have already exceeded the country&#039;s 2018 total haul.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/2018-philippines-gross-gaming-revenue-tops-2017-total\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-05T20:07:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/1-scaled.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2700\" \/>\n\t<meta property=\"og:image:height\" content=\"1603\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O&#039;Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O&#039;Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/2018-philippines-gross-gaming-revenue-tops-2017-total\/\",\"url\":\"https:\/\/www.casino.org\/news\/2018-philippines-gross-gaming-revenue-tops-2017-total\/\",\"name\":\"2018 Philippines Gaming Revenue Tops 2017 Total in Just Nine Months\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/2018-philippines-gross-gaming-revenue-tops-2017-total\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/2018-philippines-gross-gaming-revenue-tops-2017-total\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/1-scaled.jpeg\",\"datePublished\":\"2018-12-05T20:07:01+00:00\",\"dateModified\":\"2018-12-05T20:07:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"The Philippines gaming industry is flourishing, as gross gambling revenues in 2018 through September have already exceeded the country's 2018 total haul.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/2018-philippines-gross-gaming-revenue-tops-2017-total\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/2018-philippines-gross-gaming-revenue-tops-2017-total\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/2018-philippines-gross-gaming-revenue-tops-2017-total\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/1-scaled.jpeg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/12\/1-scaled.jpeg\",\"width\":2700,\"height\":1603,\"caption\":\"Integrated casinos like City of Dreams in Manila's Entertainment City are further growing the Philippines gaming industry in 2019. 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Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. 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