Good Morning. The Philippines continues to gain predominance in the region’s gaming industry, with Paradise Entertainment’s co-chairman Jay Chun telling AGB the country’s electronic gaming machine sector has considerable growth potential. According to Chun, the Philippine market size could easily surpass 50,000 slot machines in the future, from the current 23,000. Meanwhile, the Crown Resorts CEO, Ciaran Carruthers, will have to deal with an investigation by the Victorian Gambling and Casino Control Commission, shortly after it was revealed the Australian company itself is looking into allegations that the executive overruled the casino’s security officers over banning intoxicated customers. In Macau, Galaxy unveiled its Cotai Phase 3 expansion, choosing to highlight its non-gaming offerings.
What you need to know
- Paradise Entertainment’s co-chairman Jay Chun sees significant potential in the Philippines EGM market, foreseeing a doubling of slot machine tally in the future.
- Aside from an internal investigation, Crown Resorts CEO, Ciaran Carruthers is also facing an investigation by the Victorian state authorities.
- Galaxy Entertainment Group unveils its Phase 3, building Macau’s new cultural landmark through non-gaming elements.
On the radar
- South Korea extends visa fee exemption to 2024; INSPIRE bets on K-pop events.
- Entain’s chief executive Jette Nygaard-Andersen steps down.
- Esports high up in betting trends according to Softswiss.
AGB Intelligence
PHILIPPINES
Philippines EGM market still has room to grow
In an interview to AGB, the co-chairman and managing director of Paradise Entertainment, Jay Chun, underlined that the Philippines’ electronic gaming machine sector maintains significant growth potential. That growth should be driven by a strong domestic demand for bingo games, with the country already holding 25,000 bingo machines.
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