Market Research Reports - Ken Research Market share companies Casino industry Philippines

Philippines Casino & Gambling Market Growth is supported by Rising Demand for Online
Betting and Increasing Number of Non-Junket Services: Ken Research
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.
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 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 Asia’s top gaming destination with the
opening of the Pagcor Entertainment City.
The Philippines has become one of Asia’s top international cruise destinations, and there is an
increasing interest from Cruise Lines to boost infrastructure development in order to support
international 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