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Gaming market in the Philippines on the rise: analysts

The Filipino gaming sector could generate gross gaming revenue amounting to some $5.2 to $5.9 billion this year, according to statistics from GCG Gaming Advisory Services.

Cited by Manila Times, the analysts note that Entertainment City should generate the bulk of this, at between $3.6 and $4 billion.

This falls in line with its previous statistics, amounting to nearly 77 percent of industry GGR in the second quarter, at about $770 million.

The industry has been propped up by local play but is currently aiming on attracting more of its high-roller Korean clientele and ramping up Chinese and Japanese visitation.

The new opening of the Westside City project, being developed by LET-Group subsidiary Suntrust Home Developers, is expected to bring a strong push next year, with expectations the property will draw in more players.

The GCG also notes that Newport is strongly positioned amongst the Manila operators due to its variety of hotel brands.

Expectations are also high for the growth in Clark, as Hann comes online and other operations ramp up, with estimates for a market of up to $700 million GGR this year.

Viviana Chan
Viviana Chanhttps://agbrief.com/
Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.

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