The spotlight is on the Philippines as the region's gaming industry is expected to overtake its pre-pandemic position by 2026. Player confidence is soaring in the world's most flexible industry. The gaming industry is ahead of the times and trends with state-of-the-art innovations constantly being introduced into a market known for its high growth and return on investment rates. 2019 marked a record-high $4.60 billion in Southeast Asian gross gaming revenues.
Daniel Cecilio, licensing and regulatory group chief of state-run regulator Philippine Amusement and Gaming Corp, reasons that land-based casinos contribute $2.5 million to the market and that these projections of skyrocketing revenues are echoed in the gaming hubs like Macau and Singapore.
The Philippines has become an attractive investment option for domestic and foreign companies to open integrated casino-resorts that in turn generated tens of thousands of career opportunities in the past decade. The 51 land-based casinos in the country are said to often attract high rollers from all over Southeast Asia. Sandy Amida, the senior director of the country's first integrated casino-resort, Newport World Resorts, reported on the need for gaming expansion in their casino-resort to "absorb junket groups that are coming".
Closely associated with the glitz and glamour of the gaming industry in Macau, the Southeast Asian gaming industry is opening opportunities with regulatory advancements in countries like Singapore, Vietnam, and of course, the Philippines!
The first edition of the Strategic Platform for iGaming Conference & Exhibition (SPiCE) Philippines is set to take place in Cebu, the Philippines from 26 - 28 October 2022. Join Eventus International at the largest gaming and betting conference in the Southeast Asian region. Global providers can capitalise on the market by showcasing their latest innovations in gaming products and technologies on an engaging exhibition floor. Enter the market with confidence by learning from world-class industry visionaries during two days of productive discussions that equip attendees with the most sought-after skills to succeed. Register while you can at https://www.sportsbettingevents.com/spice-philippines
Quelle: Eventus International