Good Morning. Nothing beats a simple, old-fashioned casino. But the Philippines is riding the wave from both its land-based operations and its swiftly growing eGames sector. Revenues hit a new record in 2024, topping out at $6.5 billion, a hopeful indication that the best is yet to come. Meanwhile, the world’s gaming hub Macau, could be facing headwinds, as analysts revise down growth expectations for this year. And in the ASEAN Gaming Summit world, top experts take a look at iGaming in the Philippines: past, present and future, while also having a further look at KYC and the importance of compliance.
What you need to know
- Land-based casinos remain the top revenue source in 2024, driving over half of the Philippines’ record $6.5B gaming GGR, says PAGCOR.
- Economic growth in Macau is revised down to 6.8% for 2025 due to decreased tourism spending amid global trade tensions.
- Learn from the OGs! Check out a top panel of experts describing how iGaming thrived in the Philippines and what comes next.
- Ensuring compliance and trust is essential in the evolving online gaming space. Check out how KYC is essential for your business.
On the radar
- Thai opposition leaders downplay rift over casino bill.
- Retail giant DFS reportedly exiting M8 Mall in central Macau by June.
- Galaxy Entertainment faces weaker-than-expected 1Q25 as GGR declines.
AGB Intelligence
PHILIPPINES
Philippines eGames on the rise, but land-based leads GGR in FY24
If you can touch it, you know its real. So the land-based casino industry will continue to hold its value, in the Philippines and elsewhere. Recent data show that eGames is surging however, with strong revenue spikes seen in 2024, in line with official expectations for the sector. Overall, a healthy growth cycle was seen, and is expected to continue, barring any major upsets.
Trust, But Verify | ASEAN 2025
The world of KYC was fiercely debated at this year’s ASEAN Gaming Summit, with top experts pointing out exactly why companies need to stay on the cutting edge: both for their bottom line and for their players’ comfort.
The OGs – The Origin Story of iGaming in the Philippines | ASEAN 2025
iGaming has undergone various iterations in the Philippines, but as it continues to gain popularity a top group of experts looks back at where it’s been, and what can be expected next.
Industry Updates
- CreedRoomz debuts Richie Wheel amplifying excitement and 1000x rewards.
- Play’n GO brings back The Genie in 1001 Mystery Genie Fortunes.
- Evoplay releases Rush Riches, an engaging new mining-themed game.
Corporate Spotlight
UU Wallet: Bridging traditional finance and Web3 flexibility
With a strong focus on security and efficiency, UU Wallet stands out with its instant cryptocurrency exchange capabilities and globally accepted prepaid card, making it a preferred choice for those navigating the complexities of digital finance.
INTELLIGENCE | ASEAN | CAREERS
