Gaming firms drive Manila office space demand

Demand from gaming companies will be a significant driver for Manila’s property market this year, with growth likely to exceed earlier expectations, local media cited Leechui Property Consultants as saying.

Demand from the gaming sector is expected to grow 15 percent annually until 2020 after a 412-percent expansion in 2017 to 233,902 square meters, the company’s CEO David Leechui said.

The business process outsourcing sector is also forecast to rebound after a flat year in 2017.

Outsourcing companies will likely add 485,000 square meters of office space this year, after 357,999 square meters in 2017, the slowest expansion on record, Leechiu said.

More news from this jurisdiction

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Gaming Laboratories International has become the first independent accredited gaming test laboratory to successfully complete and issue IP Blocking Certificates for Philippine Offshore Gaming Operator (POGO) licensees.

PhilippinesWednesday, Mar 14, 2018

Steve Trowbridge, CEO of Rhetroactive, will be speaking about the role of non-gaming amenities at the ASEAN Gaming Conference, taking place in Manila.

PhilippinesTuesday, Mar 13, 2018

Okada Manila has expanded its sports book offering though an accord with platform provider FSB (UK), Paddy Power and Jade Entertainment and Gaming Technologies.

PhilippinesMonday, Mar 12, 2018

Only one more week remains until the second edition of the ASEAN Gaming Summit, which returns to Conrad Manila on March 20-22, 2018.

Philippines, South East AsiaSunday, Mar 11, 2018

Aristocrat sees growth in the "Hold & Spin" feature segment in Australia, the Americas, Europe and Asia, as well as sustained demand in Linked Progressives across Southeast Asia.

Elsewhere, Philippines, MacauWednesday, Mar 07, 2018

Sheldon Adelson featured in 21st position in Forbes annual ranking of the world’s billionaires, coming far ahead of other casino moguls.

PhilippinesSunday, Mar 04, 2018

Philippines casino investor Belle Corp achieved record revenues and net income in 2017, due mainly to increased gaming earnings from City of Dreams Manila.