According to researchers from GCG Gaming Advisory Services, an Asia-Pacific consultancy organization, the Philippines casino sector would attain GGR of $10 billion by 2027, tripling its revenues in only 5 years.
GGR is expected to recover to its 2019 level of $5 billion starting next year, growing from a predicted 3.9 billion to $4 billion in 2022.
The forecast is based on the company’s third-quarter market report for the Philippines.
With the complete inauguration of NUSTAR, Emerald Bay in Cebu, Solaire casino in Cavite, Solaire North in Quezon City, and the formal debut of Westside City by 2025, the casino sector will expand. The estimates include the future expansion projects at Hann Casino and the Royce Casino in Clark.
“The Philippines enjoys a strong locals market, a strong expat community (Korean, Chinese, Taiwan, Japan) and fully open international borders,” according to GCG Gaming Advisory Services. Furthermore, the consultants state:
“Strong regulations, introduction of PIGO and new airports in Cebu and Clark all indicate that the Philippines will be competing with Singapore for the top GGR position over the next few years.
“We expect the Philippines to increase to an annual GGR of 10 billion dollars in full year 2027.”
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