Domingo sees 40 percent drop in GGR

PAGCOR chief Andrea Domingo has revealed that GGR in the Philippines is plunging by around 30 percent to 40 percent since February.

“It’s not meeting its target,” Domingo told local reporters, noting the PHP290 billion (US$5.8 billion) GGR national goal is likely to be missed.

She added, “Right now, the only ones who are meeting their targets are the ones operating tables and slot machines.”

Domingo added that Covid-19 countermeasures are likely to fall most heavily on junket operators who depend on wealthy Chinese and South Korean visitors. There is already a roughly 50 percent drop in this market.

Domingo also noted that PAGCOR expects about PHP8 billion in revenues from POGOs.