Philippines sets record gambling revenue
A steady stream of foreign high rollers contributed to a record gambling revenue.
Philippines.- The Philippine Amusement and Gaming Corp (PAGCOR) announced on Tuesday that gross gaming revenue from the casino industry is expected to reach €3.6 billion this year, which is an 8.5% increase from a year earlier.
Andrea Domingo, chairman and head of PAGCOR, said that the country is counting on a steady stream of foreign high rollers to increase gambling revenue and drive it to a record this year, despite an increase in competition from neighboring countries that wish to benefit from the industry as well.
“All the integrated casino resorts are doing very well,” said Domingo, and added that she would not rest as other countries in the region, such as Japan, also want to develop their own industry. “The operators are threatened (by the growing competition). However, if you have critical mass (plenty of options) and a safe environment, gamblers will still be there,” Domingo explained.
