Philippine casinos saw revenue rise nearly one-third in Q2 2016, thanks in part to telephone-based proxy betting.
Figures released by the Philippine Amusement and Gaming Corp (PAGCOR) showed the nation’s total casino gaming revenue in the three months ending June 30 rising 30% to PHP 34.2b (US $715.3m).
PAGCOR’s own casinos (which are soon to be privatized) weren’t the chief engine of Q2 growth, as their revenue was up only 6% to PHP 8b. But the privately run PAGCOR-licensed casinos had a much better time, rising 40% to PHP 26.1b. Of this, PHP 22.6b was generated by the resorts in Manila’s Entertainment City gaming zone (as well as Resorts World Manila).
The private casinos got most of their Q2 gains from junket operators steering VIP gamblers to their properties. While non-junket gaming revenue improved 22% to PHP 10.2b and slots improved 12% to PHP 6.9b, junket-derived revenue more than doubled to PHP 9b.