Slump in Chinese arrivals slows down Manila’s casinos

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The story "Slump in Chinese arrivals slows down Manila’s casinos" was covered 21 hours ago by Business Mirror, a news publisher based in Philippines.

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Slump in Chinese arrivals slows down Manila’s casinos - Business Mirror

Quick Summary:

MOST licensed casino operators in the Philippines are registering lower gaming revenues owing to the sluggish arrivals of Chinese tourists, previously the bread and butter of VIP junket operators.

However, total revenues were up almost one percent to P23.63 billion, owing to the “sustained rise in tourism and MICE activities, which have allowed hotel and other revenues to grow by 9 percent year-on-year, to P5.4 billion.

Revenue from VIP table games fell 44 percent to P2.47 billion, while those from mass table games dropped by 40 percent to P2.46 billion, with slot machines, specifically, registering a 13 percent dip i revenues to P3.31 billion.