In the latest casino news, the Philippines aims to be top 2 casino hub in Asia, potentially beating even Singapore. The goal is to be Top 2, second only to Macau as a prime destination for gambling- in both retail and online platforms. Alejandro Tengco, Chairman and CEO of the Philippine Amusement and Gaming Corp., or Pagcor, says that upcoming developments will position the country to be one of the best in the region.
Getting to open an online casino will expand your customer base and reach, and also your revenue. So even when the country will allow the developments of integrated resorts, or IR’s, the Philippines’ plan to allow online gambling could also help the gambling market grow at a faster pace.
The country has quite a few IR’s in place, such as that from Bloombery Resorts Corp, as well as other casino projects around the country. Tourism is also a huge sector in the country, so IR’s will be quite lucrative.
Philippines Aims to Be Top 2 Casino Hub
According to Tengco, they anticipate a record-high gross gaming revenue of $6.1 billion this year, which is a large jump from last year’s $5.1 billion gaming handle. There are quite a few strategies that the government aims to do to further increase revenue.
For instance, the Philippines aims to target 7.7 million foreign tourists in 2024, and they are quite the target market for gambling in the country. With many casino hubs located near airports and popular tourist destinations, its easier for players to find casinos and enjoy the other amenities offered. There are also casino projects with billion-dollar cost projections in Manila, Clark, Cebu, and Boracay.
They also plan to strengthen the online casino sector, with Pagcor planning on launching its own online gaming website through a joint venture with a casino operator. The agency is in the process of privatization of casino assets. And the industry is quite lucrative, with online casino gaming contributing to the country’s record-high revenue. Of course, using a casino pay per head software can help you get in the game as well, regardless of where you are in the world.
Get the Best Casino Software for Bookies at Bwager.com Today!
