Philippines GGR at all-time high in June

Philippines’ integrated resorts posted another solid month in June, achieving their third consecutive month of all-time highs.

According to a note from CLSA, year-to-date the sector is up 22 percent, ahead of consensus of 15 percent expected this year.

The brokerage also noted that VIP was up strongly, but mass was suffering “a bit of a seasonal dip”.

Solaire posted its best ever month in June, while Bloomberry remains the top pick, said the brokerage.