Title: Philippines Casino and Gambling Industry is forecasted to Reach around USD 7 Billion by 2022: Ken Research
1Philippines Casino and Gambling Industry is
forecasted to reach around USD 7 Billion by 2022
Ken Research
2Philippines Casino Market Segmentation by Casinos
and Electronic gaming sites, by licensed
government casinos, by category (EGMs,
Non-junket, Junket) for PAGCOR Casinos, by
category (EGMs, Non-junket, Junket) for Licensed
Casinos, by nationality (China/Macau/Hong Kong,
Korea, South East Asia and Local), by electronic
games (Bingo Games, Other Electronic Games and
sports Betting), Consumer Profile of Philippines
casino market, Company Profile of Major players
in the Philippines casino market (PAGCOR, Resorts
World Manila, Bloom Solaire, City of Dreams
Manila, Instawin,
3- AB Leisure Exponents, Mega sports world, Okada
Manila, Manila Jockey Club, Philippines Racing
Club, Premium Leisure Corporation, Casino
Filipino Binondo, Casino Filipino Citystate,
Casino Filipino Malabon, Master Poker Sports
Club) and Electronic gaming sites (Instawin, AB
Leisure Exponent, MegaSportsWorld) - Integration of casino with the hospitality sector
will further support the growth of the casinos in
industry in coming future. - Rising number of UHNWI in the casinos will
increase the demand for VIP category in the
casinos. - The Philippines is seen to be the next big thing
in Asian gaming given its robust growth prospects
and the surge in Chinese tourist arrivals.
4Philippines Casino industry is in the nascent
stage with the last 5 year CAGR of 17.2 from
2012-2017. Integration of casino in the hotel
sector has supported the cross business growth
for casino and gambling and accommodation
industry. Casinos in Philippines can be seen as a
source of luxurious entertainment for people with
high disposable income and time. With casinos'
inability to attract a younger audience, they are
looking at alternate methods to increase their
customer base and business. One such method is
closer association with the hospitality
sector. Also, the growth of the ultra high net
investors in the forecasted period will be a huge
growth driver to the casino industry. Philippines
nationals have been gambling for the last 400
years and it is a tradition to gamble in the
country. The UHNWI are estimated to grow at an
average of 8 in the forecasted period.
5Market will be driven by growing Chinese, Korean
tourists, expansion of service portfolio, Growth
in the VIP segment and entry of foreign
casinos. Analysts at Ken Research in their
latest publication Philippines Casino and
Gambling Market Outlook to 2022 By Licensed and
Government Casinos and Electronic Gaming Sites
(Bingo Games, Electronic Games and Sports
Betting) believe that increasing cyber and
Physical security activities, focus on marketing
promotional activities and tie ups with hotels
and resorts with the casinos will have positive
impact on market. Philippines Casino Gambling
Industry is expected to register positive CAGR of
around 15.4 during the period 2017-2022. Well
defined government regulations, expansion in
current casino services, growing Korean tourists
along with developing infrastructure are expected
to have positive impact on the demand for
gambling games.
6- Key Topics Covered in the Report
- Philippines casino industry
- Philippines gambling industry
- Electronic gaming tables Philippines
- Online gambling market Philippines
- Philippines Mobile gambling market
- VIP category in casino Filipino
- Mass category in casino Philippines
- Slot category in casino Philippines
- Junket services in Philippines
- Non-Junket services in Philippines
- Regulations in casino industry in Philippines
- International and domestic customers Casino
Manila - Market share of companies in casino industry
Philippines - Major players in casino industry in Philippines
- Online players in casino Philippines
-
7- Baccarat market Philippines
- Philippines Bingo market
- Philippines Roulette market
- Government casinos in Philippines
- Licensed casinos in Philippines
- Pai Gow Decision Making Parameters
- SWOT Philippines casino market
- Growth Casino Sector Philippines
- Future Casino Revenue Philippines
- Sports Betting Market Philippines
- Philippines Electronic Gaming Market
- Number of EGMs in Philippines
- Number of gaming tables in Philippines
- Online gambling sites in the Philippines
- Sports betting market Philippines
8For more information, refer to below
link https//www.kenresearch.com/media-and-enter
tainment/gaming-and-gambling/philippines-casino-ga
mbling-market/142992-94.html Related Reports by
Ken Research https//www.kenresearch.com/media-an
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tps//www.kenresearch.com/media-and-entertainment/
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9Contact Ken Research Ankur Gupta, Head
Marketing Communications sales_at_kenresearch.com
91-124-4230204