Good Morning. The Philippines is a huge growth market, with massive gains seen in recent years as the nation fully utilizes its potential. But for land-based operations, there is still a strong dependency on the daily punter, and many of those tend to come from China. Or at least they used to. Now, a drop in this key market is having a ripple effect, with operators concerned about how to make up the missing revenue. Meanwhile, Genting Singapore saw a sharp contraction in the first quarter, but expectations are for an uplift, as VIP returns.
What you need to know
- Philippine slot market dips in 2025, with industry pointing to POGO ban, fewer high rollers, and drop in Chinese tourist numbers.
- Genting Singapore’s profit dips in 1Q25, but Maybank sees 3Q gains driven by VIP growth and the Laurus hotel launch.
On the radar
- Macau gambling tax revenue flat in first four months of 2025.
- The Grand Ho Tram breaks ground on new $1 billion segment.
AGB Intelligence
PHILIPPINES
Slot market drops as Chinese visitation slows
The Chinese market continues to be key for gaming operators, who feel any inflection based upon changes in the home scenario. But a combination of increased regulation, tightened purse strings and general sentiment has caused a ripple effect, this time concentrated in the Philippines. Chinese visitation has dropped sharply, with an accompanying fall in GGR. Operators are struggling to make up for the lost revenue, with hopes for a rebound.
Corporate Spotlight
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Industry Updates
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- FBM expands presence in the US with new installation at Border Casino.
- Evolution unveils Super Color Game: a streaming era’s thrilling dice game.
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