The Philippine gaming division, which includes the non-casino business, generated 81.7 billion PHP ($1.42 billion) in gross gaming revenue (GGR) in the first quarter of 2024, up 18.5% year over year. The tally was up 2.0% sequentially. 사설경마사이트
The latest quarterly GGR figure "has achieved another new record in the last quarter of 2022, maintaining gains in the domestic gaming industry since the post-pandemic recovery began," Philippine casino regulator Paccor said in an announcement on Wednesday.
The agency said its electronic services gaming division continued its "record performance" in the three months to March 31, recording PHP 22.5 billion GGR, or "more than six times" of PHP 3.5 billion recorded in the first quarter of 2023.
Pagco\'s chairman and chief executive, Alejandro Tengco, is reported to have reported that e-Games earnings results "continue to exceed" regulators\' expectations.
He said: "This reflects how the proliferation of gaming technology and mobile devices is affecting not only our daily lives but also our entertainment choices."
Mr Tengco added: "The future of gaming is definitely in this [e-Games] sector, with technology the way we live and do business, and even the way we choose to be entertained."
The country\'s licensed commercial sector casinos remained the "biggest contributor" to GGR in the first quarter at 49.7 billion PHP. The figure was down 8.2% year-over-year.
The casino operated by Pagcor was down 8.6% year-over-year to 4.69 billion PHP in the first quarter through its network of Casino Philippine venues.
The agency said the year-over-year decrease in GGR at land casino venues "understated the challenges facing the sector as more players continue to move to online platforms."
Pagcor expects the domestic gaming industry to produce 336.38 billion PHPs this year, up 17.9% from 2023. The first-quarter total accounted for 24.3% of the agency\'s target.
In April, state-owned Pagcor reported gross revenue of 25.24 billion PHP in the fourth quarter of 2024, up 42.6% year over year.