Good Morning. Stricter regulations implemented by the Philippines’ regulator on the offshore gaming industry have not limited the sector’s potential, the CEO of Winn Tech Inc, Wilson Fang, told AGB in an interview. According to Fang, the regulations will be essential to secure the industry’s further growth, while assuring it complies with better transparency standards. Meanwhile, rating agency Fitch believes that the strong rebound in the Macau market was a significant driver for Las Vegas Sands’ overall credit improvement.
What you need to know
- Offshore gaming industry in the Philippines still holds great opportunities, despite stricter regulations: Winn Tech CEO.
- Fitch: strong rebound in Macau drives Las Vegas Sands’ overall credit improvement but dividend distribution will only be in 2026.
On the radar
- Mohegan INSPIRE opened foreigner-only casino on February 3rd.
- South Korea’s Paradise records a 55% uptick in January gaming revenue.
- Jeju Dream Tower casino performance up 267.3% YOY in January.
- India targets $1.7 billion in gambling tax takings for 2024.
AGB Intelligence
PHILIPPINES
Regulatory oversight won’t limit Philipines’ offshore gaming potential
In an interview with AGB, the CEO of remote slot provider Winn Tech, Wilson Fang, commented that the Philippines’ offshore gaming industry still holds great opportunities, despite the stricter regulations implemented by the Philippine Amusement and Gaming Corporation. Fang considered that the new regulations over the Philippines offshore gaming industry will help improve “compliance and regulatory standards” and provide “better transparency”, being an important step to secure the industry’s further growth.
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Industry Updates
- Gamingtec will attend ASEAN Gaming Summit 2024 in Asia.
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Registration open for the ASEAN Gaming Summit 2024

Registrations for the 2024 ASEAN Gaming Summit, the calendar conference of excellence of the gaming industry in the region, are officially open. Scheduled from 19th to 21st March 2024, the Summit is the gateway to the Next-Gen of gaming in Asia.
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