Gross gaming revenue was PHP59.26bn (US$1.06bn) in the first quarter.The Philippines.- Authorities in The Philippines have reported that gross gaming revenue in the first quarter of the year was up 80.9 per cent. GGR rose from PHP32.75bn (US$ 626.9m) to PHP59.26bn (US$1.06bn) and was up 5.8 per cent.Private casino resorts, including those located in Manila’s Entertainment City, produced 76.7 per cent of all GGR (PHP45.44bn). This was up by 69 per cent year-on-year and 3.1 per cent when compared to the previous quarter.Commercial casinos in theClark Freeport Zonegenerated nearly PHP8.29bn, an increase of 175.1 per cent from a year ago and up 22.2 per cent quarter-on-quarter. Aggregate revenue from PAGCOR-operated casinos reached just above PHP5.10bn, up 96.2 per cent year-on-year and up 6.2 per cent from the fourth quarter of 2022. Revenue from bingo, electronic games parlours and e-sabong is not included in casino GGR figures.has recently reported net income of PHP1.87bn (US$303.19m) for Q1, up 42.6 per cent year-on-year from PHP624.7m. Revenue from gaming operations was up 49 per cent year-on-year from PHP11.29bn to PHP16.87bn (US$303.19m).For 2023, PAGCOR announced a target ofPHP244.84bn (US$4.5bn)in GGR. The target is 33.1 per cent higher than last year’s target and 14.2 per cent higher than the 2022 GGR. In 2022, the Philippine casino sector generated a GGR of just over PHP184.00bn, an increase of 90.6 per cent from 2021.