Philippines e-gaming still progressing despite presidential disruption
News on 16 Nov 2016
News on 16 Nov 2016
The latest quarterly report from the Philippines Amusement and Gaming Corporation regulator shows that the e-gaming sector managed to achieve a slight year-on-year improvement, remarkable considering the licensing suspensions and general mayhem caused by the nation’s relatively new maverick president, Rodrigo Duterte (see previous reports).
Revenue generated from e-gaming sites in Q3-2016 was PHP5.57 billion, up from the PHP5.32 billion in the comparative period last year.
The vertical continues to deliver a lower contribution to the overall total revenue than the nation’s land casino sector, where revenue rose to PHP34.16 billion, compared with PHP30.41 billion a year earlier.
Overall, total gambling revenue rose 11.2 percent y-o-y to PHP39.74 billion ($807.2 million), led by higher revenue from casinos in Entertainment City.
