eGames market to grow in Philippines

The eGames industry in Philippines will continue to grow over the next few years, experts say.

Philippines.- Experts at ASEAN Gaming Summit confirmed that eGames expansion is likely to be seen in floor space and not in venue numbers. The eGames industry is expected to grow steadily and significantly in the upcoming years.

PhilWeb’s CEO Dennis Valdes estimated that there are currently about 300 eBingo sites around the nation and a further 200 eCasinos. As PAGCOR only regulates the number of sites and not each entity’s size, they could be adding seats to existing locations soon.

Chris Tio, vice-president of DFNN, said that PAGCOR’s own view of the industry is likely enhanced by the substantial revenues it brings to government coffers, providing much-needed funds for national development.

Furthermore, Ron Arambulo, director of Hatch Asia, assessed that the opening of full-scale IRs in the Philippines is forcing the local eGaming operators to enhance the quality of their offerings, making the experience more comfortable and inviting for the patrons. These improvements must be achieved, however, on a modest budget, he said.