{"id":777000348,"date":"2022-11-23T07:51:02","date_gmt":"2022-11-23T10:51:02","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777000348"},"modified":"2026-04-23T02:43:45","modified_gmt":"2026-04-23T05:43:45","slug":"philippines-to-become-regional-leader-in-ggr-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippines-to-become-regional-leader-in-ggr-analysts-say","title":{"rendered":"Philippines to become regional leader in GGR, analysts say"},"content":{"rendered":"\n

The country is competing with Singapore to become to lead gross gaming revenue.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- A swift easing of Covid-19 countermeasures at the beginning of the year, the introduction of PIGOs<\/a> (Philippine inshore gaming operator businesses), and new airports in Cebu and Clark could all help the Philippines compete with Singapore as the region’s leader in gross gaming revenue over the next few years.<\/p>\n\n\n\n

That’s according to a report by industry consultancy GCG Gaming Advisory Services<\/strong>. It says the Philippines is recovering to pre-pandemic levels well before other markets and should reach 2019’s GGR of US$5.01bn in 2023. It expects the Philippine gaming market to grow to annual GGR of US$10bn by 2027.<\/p>\n\n\n\n

It estimates GGR of about US$1.1bn to US$1.3bn for the fourth quarter of this year and in the range of US$3.9bn to US$4bn for all of 2022. That includes revenue from the country’s licenced bingo operations, online gaming and e-sabong. <\/p>\n\n\n\n

The Philippines Amusement and Gaming Corp (PAGCOR)<\/strong> has reported that gross gaming revenue in the third quarter of the year<\/a> came to PHP49.36bn (US$860.7m). That\u2019s a rise of 7.6 per cent quarter-on-quarter<\/a> and 110.4 per cent year-on-year.<\/p>\n\n\n\n

Meanwhile, Singapore\u2019s casino duopoly \u2013 Marina Bay Sands<\/a> run by a subsidiary of Las Vegas Sands Corp, and Resorts World Sentosa, run by Genting Singapore<\/a> \u2013 grossed slightly more than US$788m. Macau posted GGR of US$688.4m.<\/p>\n\n\n\n

GBGC <\/strong>has previously told Focus Gaming News it sees the Philippines as the most serious contender to Macau’s gaming<\/a> thanks to having several integrated resorts to rival Macau. It also recently allowed licence holders to begin online gaming operations, which GBGC said gives it an advantage over Macau\u2019s concessions, althiugh Macau retains the geographical advantage of its proximity to mainland China.<\/p>\n","protected":false},"excerpt":{"rendered":"

The country is competing with Singapore to become to lead gross gaming revenue.<\/p>\n","protected":false},"author":176,"featured_media":20663,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippines is projected to become the leading gross gaming revenue market in the region, potentially surpassing Singapore by 2027 with an estimated US$10 billion GGR. This growth is attributed to eased COVID-19 restrictions, the introduction of PIGOs, new infrastructure, and the recent allowance of online gaming operations for licensed entities. Industry consultancies highlight the Philippines' rapid recovery and competitive advantages over Macau.","focusai_entities":"GCG Gaming Advisory Services, Philippines Amusement and Gaming Corp (PAGCOR), Marina Bay Sands, Las Vegas Sands Corp, Resorts World Sentosa, Genting Singapore, GBGC","focusai_location":"Philippines, Singapore, Cebu, Clark, Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.75), operator_casino (0.95), affiliate_publisher (0.7), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.85), journalist_researcher (0.95)","focusai_suggestions":[{"label":"PIGO Regulatory Impact","query":"What specific regulatory and governance frameworks are being implemented for PIGOs, and how do these differ from traditional land-based or offshore online gaming licenses in the Philippines?"},{"label":"GGR Growth Sustainability","query":"Beyond the initial post-pandemic recovery and online gaming launch, what long-term macroeconomic factors and tourism infrastructure developments are critical for the Philippines to sustain its projected US$10 billion GGR by 2027?"}],"footnotes":""},"categories":[163,158,16333],"tags":[23907],"class_list":["post-777000348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-slider-home","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777000348"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000348\/revisions"}],"predecessor-version":[{"id":777000374,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000348\/revisions\/777000374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20663"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777000348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777000348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777000348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}