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Philippines Casino & Gambling Market Growth is supported by Rising Demand for Online Betting and Increasing Number of Non-Junket Services: Ken Research

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The Philippines gaming sector has become one of the most lucrative markets in Asia amid the country's robust economic expansion. For more information, refer to below link: – PowerPoint PPT presentation

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Title: Philippines Casino & Gambling Market Growth is supported by Rising Demand for Online Betting and Increasing Number of Non-Junket Services: Ken Research


1
Philippines Casino Gambling Market Growth is
supported by Rising Demand for Online Betting and
Increasing Number of Non-Junket Services Ken
Research
2
Increasing UHNWIs in the country has increased
the demand for VIP and junket services in the
country. Moreover, growing number of Chinese
Korean tourists have further supported the growth
of the casinos in the country.
3
The report titled Philippines Casino and
Gambling Market Outlook to 2022 - By Licensed and
Government Casinos and Electronic Gaming Sites
(Bingo Games, Electronic Games and Sports
betting) by Ken Research suggested a positive
CAGR of 15.4 in terms of revenue in casino
market in the next 5 years till 2022. The
Philippines consists of 7,000 small and large
islands surrounded by oceans. With gorgeous sea
vistas, untouched nature and a warm climate has
made Philippines a perfect gateway for busy
travelers from developed nations and metropolitan
China. Philippines Hospitality represents a very
attractive element to make the country as a
tourist destination. The international tourists
in the country have grown at tremendous rate in
past few years. Gambling in the Philippines has
been present from the 16th century. Gambling has
been legal in the Philippines since 1976,
official announced by then President Ferdinand
Marcos which created the
4
Philippine Amusement and Gaming Corporation
(PAGCOR). The casino and gambling industry is
quite vibrant and have registered fluctuating
growth in the last 5 years. A key trend which is
expected to boost market growth is the
integration between the casinos and the hotel/
accommodation sector. Cordial relationships with
ASEAN countries have driven the hospitality
sector tremendously, by increasing number of
international tourists visiting the country. The
Philippines is the third largest casino industry
in South East Asia after Macau, Hong Kong and
China. The country is slowly becoming another
gambling capital in South East Asia. The country
is vying with Macau and Singapore to become
Asias top gaming destination with the opening of
the Pagcor Entertainment City. The Philippines
has become one of Asias top international cruise
destinations, and there is an increasing interest
from Cruise Lines to boost infrastructure
development in order to support international
5
cruise ships. This has resulted in the growing
demand for hospitality services in the country
owing to the growing number of tourists in the
country. Over the past few years, there has
been a tremendous growth in the online gaming
market. It is one of the fastest growing segments
of the gambling industry. The online gaming
business is progressively changing the model of
the gambling industry as many consumers turn to
Internet to bet on sports, gamble on slots or
play cards. Growing interest of customers and
easy process of online gaming has raised the
demand for online betting in the country.
Philippines is poised to be one of the fastest
growing casino gambling markets in Asia, thus
catering to the needs of both international
local customers.
6
  • Key Topics Covered in the Report
  • Philippines gambling industry
  • Licensed casinos in Philippines
  • Philippines Electronic Gaming Market
  • Online gambling market Philippines
  • Regulations in casino industry in Philippines
  • Pai Gow Decision Making Parameters
  • Electronic gaming tables Philippines
  • Sports betting market Philippines
  • Philippines casino industry
  • Online gambling sites in the Philippines
  • Slot category in casino Philippines
  • Government casinos in Philippines

7
For 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-and
-entertainment/gaming-and-gambling/asian-gambling-
and-gaming-market-research-report/131-94.html htt
ps//www.kenresearch.com/media-and-entertainment/g
aming-and-gambling/china-casino-gambling-market-re
search-report/623-94.html
8
Contact Ken Research Ankur Gupta, Head
Marketing Communications sales_at_kenresearch.com
91-124-4230204
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