Philippine casinos feel the heat of the Covid-19 pandemic

Casinos in the Philippines – all those which are overseen by gambling regulator Philippine Amusement and Gaming Corporation, or PAGCOR – suffered a 27-per cent drop in revenue in the second quarter as compared to the first quarter.

Overall, revenue from 41 licensed casinos in the three months ended June 30 fell to 16.99 billion pesos ($337.5 million), impacted by reduced business volumes from lockdowns and other Covid-19-related restrictions.

With the National Capital Region continually affected by the pandemic, gross gaming revenues from casinos listed under Entertainment City –namely City of Dreams Manila, Okada Manila, Resorts World Manila and Solaire Resort & Casino – fell 30.5 per cent versus the January-to-March quarter to 14.67 billion pesos ($291.4 million).

Positive contribution Clark casinos

That figure offset a 19.1-per cent gain for Clark casinos to 2.24 billion pesos ($44.5 million).

PAGCOR’s self-operated gaming operations recorded a 27.3-per cent decline in gaming revenue to 1.8 billion pesos ($35.8 million), of which slot machine revenue comprised 59.2 per cent.

The regulator ordered all casinos in Metro Manila once again closed from March 29, 2021 until 30 April. The region’s integrated resorts were allowed to operate their gaming floors at 50 per cent capacity from May 1.

Already over 94 per cent of staff vaccinated

Meanwhile, PAGCOR said that it has vaccinated more than 94 per cent of its workforce, or around 11,500 employees, as it strives to achieve herd immunity in the workplace and across gaming areas.

The mass vaccination program was implemented in batches at Casino Filipino Manila Bay and through several inoculation sites in Cebu, among others, the regulator said, adding that the target was to reach 100 per cent immunity as soon as possible.



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Casinos in the Philippines – all those which are overseen by gambling regulator Philippine Amusement and Gaming Corporation, or PAGCOR – suffered a 27-per cent drop in revenue in the second quarter as compared to the first quarter. Overall, revenue from 41 licensed casinos in the three months ended June 30 fell to 16.99 billion pesos ($337.5 million), impacted by reduced business volumes from lockdowns and other Covid-19-related restrictions. With the National Capital Region continually affected by the pandemic, gross gaming revenues from casinos listed under Entertainment City –namely City of Dreams Manila, Okada Manila, Resorts World Manila and Solaire...

Casinos in the Philippines – all those which are overseen by gambling regulator Philippine Amusement and Gaming Corporation, or PAGCOR – suffered a 27-per cent drop in revenue in the second quarter as compared to the first quarter.

Overall, revenue from 41 licensed casinos in the three months ended June 30 fell to 16.99 billion pesos ($337.5 million), impacted by reduced business volumes from lockdowns and other Covid-19-related restrictions.

With the National Capital Region continually affected by the pandemic, gross gaming revenues from casinos listed under Entertainment City –namely City of Dreams Manila, Okada Manila, Resorts World Manila and Solaire Resort & Casino – fell 30.5 per cent versus the January-to-March quarter to 14.67 billion pesos ($291.4 million).

Positive contribution Clark casinos

That figure offset a 19.1-per cent gain for Clark casinos to 2.24 billion pesos ($44.5 million).

PAGCOR’s self-operated gaming operations recorded a 27.3-per cent decline in gaming revenue to 1.8 billion pesos ($35.8 million), of which slot machine revenue comprised 59.2 per cent.

The regulator ordered all casinos in Metro Manila once again closed from March 29, 2021 until 30 April. The region’s integrated resorts were allowed to operate their gaming floors at 50 per cent capacity from May 1.

Already over 94 per cent of staff vaccinated

Meanwhile, PAGCOR said that it has vaccinated more than 94 per cent of its workforce, or around 11,500 employees, as it strives to achieve herd immunity in the workplace and across gaming areas.

The mass vaccination program was implemented in batches at Casino Filipino Manila Bay and through several inoculation sites in Cebu, among others, the regulator said, adding that the target was to reach 100 per cent immunity as soon as possible.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Personal Info

Donation Total: $10.00

 

 

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