Operator News

E-Games sector propels Philippine gaming to personal best

The Philippine gaming sector has posted record revenues for the first three months of the year, increasing by 18 per cent to US$1.42bn driven by an explosion in its electronic games, E-Games sector.

The Philippine Amusement and Gaming Corp. (Pagcor) highlighted that the country’s E-Games segment contributed US$391m. Licensed casinos generated the most at US$864m, down by 8.2 per cent. PAGCOR’s Casino Filipino fell to US$89.2m whilst bingo fell 21.5 per cent to US$83.6m.

PAGCOR Chairman and CEO Alejandro H. Tengco said: “The E-Games revenue performance continues to exceed our projections, and this reflects how gaming technology and the proliferation of mobile devices is influencing not only our daily lives but our entertainment choices as well.

“With the way technology is constantly shaping our lives and the way we do business, and even the way we choose to be entertained, the future of gaming clearly lies in this sector.

“We are confident that with our new regulatory policies, more gaming companies both here and abroad will continue to look at business and investment opportunities in the Philippine gaming industry.”