Gross gaming revenues in the Philippines are expected to reach $5.2 billion to $5.9 billion this year, surpassing the $4.84
billion recorded in 2019 before the onset of the global health crisis, a consultancy firm said Tuesday.
A report by the state-run Philippine Amusement and Gaming Corp. showed that Entertainment City resorts produced P43.47 billion or about 76.8 percent of all industry GGR in the second quarter this year. It was 4.3 percent lower in sequential terms, but up 17.5 percent from a year earlier. GCG Gaming Advisory said that while Newport World Resorts near Manila International Airport was an “outlier” relative to the other commercial resorts in the capital, it had “many more” hotel brands to offer compared to its competitors, and “a second, newer, casino floor located alongside the Sheraton and Hilton” hotel brands on site.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PNP ensures security ops during Fiba 2023THE Philippine National Police (PNP) is fielding 4,400 police personnel to ensure peace and order and security during the country’s hosting of the 19th edition of the...
Read more »
SM helps get schools ready for SY 2023-24Employees and volunteers from SM Malls in Grand Central, Sangandaan, and Valenzuela trooped to public schools in Camanava area to
Read more »
Undefeated UC Irvine destroys Rain or Shine by 54 to rule 2023 Jones CupUS NCAA Division I team UC Irvine wraps up the 2023 William Jones Cup with an average winning margin of 44 points, lastly burying hapless Rain or Shine to officially seal the gold medal finish
Read more »
Spain bests England in nail-biter to rule 2023 FIFA Women's World CupOlga Carmona once again tows Spain to new heights, scores lone goal to claim 2023 FIFA Women's World Cup over fellow first-timer England
Read more »
Celeste Cortesi looks simply divine as a judge for Miss Universe Thailand 2023The former Miss Universe Philippines dons a piece by Filipino fashion designer Rian Fernandez
Read more »
Hillary Clinton, Chief Justice Gesmundo to open Social Good Summit 2023The summit brings together tech and thought leaders, reform advocates, and sectoral communities – to tackle the world's tech-induced challenges
Read more »