Report on the Philippine casino market has been released

The Casino Gaming Market in the Philippines 2016-2020 covers the market landscape and its growth prospects over the coming years.

The Philippines.- Casino Gaming Market in the Philippines 2016-2020, has been released. The report has been prepared based on an in-depth market analysis with inputs from industry experts, covering the market landscape and its growth prospects over the coming years and including a discussion of the key vendors operating in this market.

According to the report, the casino gaming market in the Philippines will grow at a CAGR of 9.93 percent during the period 2016-2020. A key trend which is expected to boost market growth is the integration between the casinos and the hospitality sector. As casinos seem unable to attract younger audiences, they are looking at alternate methods to increase their customer base and business, such as closer association with the hospitality sector.

The boost in the VIP revenue is another key indicator. A considerable portion of the revenue generated in the Philippines gambling market is through the VIP customer segment, which is expected to have increased growth and revenue with more VIP tables being added to the casinos. Macau’s largest junket operators have already started business in the country, increasing the flow of income from this gaming segment.

On the other hand, the report shows that one challenge that could restrict market growth is the saturation of casinos in the Philippine market.

Sources: Research and Markets / Focus Gaming News