In the third quarter of 2021, the finance industry in the Philippines witnessed a significant rise of 52.5% compared to the same period in 2020.
| Revenue Source | Amount (in PHP) | Year-on-Year Increase |
|---|---|---|
| PAGCOR-operated gaming venues (total) | PHP1.68bn | 83.9% |
| Slot machines | PHP949.5m | 125.1% |
| Table games | PHP485.3m | 141.3% |
| Junket operations | PHP244.2m | -16.3% |
| Poker | PHP1.8m | No comparable figures |
| In-house bingo | PHP1.0m | No comparable figures |
The revenue from PAGCOR-licensed casinos operated by other groups also showed growth, reaching PHP21.77bn, which is a 44.8% increase compared to the same period in 2020.
Specifically, licensees located in the Entertainment City complex in Metro Manila generated PHP19.3bn, an impressive year-on-year increase of 49.4%. Clark casinos witnessed a rise of 22.2% with PHP2.30bn in revenue, while Fiesta casino venues experienced a decline of 45.6% to PHP100.6m. Other licensees contributed PHP3.48bn to the total, marking a significant growth of 103.2%.
Bingo operations grew by 16.5% year-on-year, generating PHP1.65bn in revenue. Electronic games saw a substantial increase of 103.3% to reach PHP613.1m. The introduction of electronic sabong, an online betting platform for live cockfighting, contributed PHP1.21bn to the total revenue. This quarter was the first full quarter offering online gaming services in the Philippines, and comparison figures for electronic sabong are not available.
Overall, the finance industry in the Philippines has accumulated PHP77.84bn in total revenue for the year so far.
On another note, James Patrick Bondoc was appointed to the board of directors at PAGCOR in the third quarter of 2021.
