The report titled “Philippines Casino and Gambling Market Outlook to 2022 – By Licensed and Government Casinos and Electronic Gaming Sites (Bingo Games, Electronic Games and Sports betting)” provides a comprehensive analysis of casino & gambling market in the Philippines. The report provides information on Philippines casino & gambling market introduction, casino & gambling market size (by revenue) market segments (market segmentation by Casinos and Electronic gaming sites, by licensed & government casinos, by category, by nationality, by electronic games), Competitive landscape of major players in the Philippines casino & gambling market including PAGCOR, Resort World Manila, Bloom Solaire, City of dreams Manila, Instawin, AB Leisure Exponents, Mega Sports World, Okada Manila, Manila Jockey Club, Philippines Racing Club , Premium Leisure Corporation , Casino Filipino Binondo , Casino Filipino Citystate , Casino Filipino Malabon and Master Poker Sports Club, trends and developments in the market, key issues and challenges in the market, government regulations for the Philippines casino & gambling market. The report also provides SWOT analysis, market share of major players and future outlook.
The casino and gambling industry in the Philippines has increased at a robust rate in past 5 years. The market size of the industry has surged from USD ~ million in 2012 to USD ~ million in 2017, growing at a CAGR of ~% during the period. Rising number of international tourists, increasing number of licensed Casinos, growing hospitality sector, increasing number of UHNWIs and government support are the major drivers for the Casino and gambling industry in the country.
Market Segmentation of Philippines Gambling and Casino Market
By Casino and Electronic Gaming: Casino has majorly contributed in the revenues of the industry in the Philippines. This segment has contributed a share of ~% in the overall revenue of the country in 2017. Electronic gaming sites had contributed a share of ~% in the revenues of the industry in 2017. Electronic gaming has gained popularity in last few years in the country.
By Government and Licensed Casinos: Licensed casinos have dominated the casino industry with the share of ~% in terms of revenues in 2016. Government casino has contributed a share of ~% in the revenues of the industry in 2016. The share has declined from ~% in 2014 to ~% in 2016 owing to the opening of new private casinos in the country.
By Bingo games, Electronic Games and sports betting sites: Bingo games have contributed majorly in the revenues of the electronic gaming sites in the country in 2016. The segment has contributed a share of ~% in the revenues of the electronic gaming industry in 2016. Electronic games have contributed a share of ~% in the overall revenues of the industry in 2016. Sports betting have the lowest revenue contribution of ~% in the industry in 2016.
By Components (EGMs, Non-junket and Junket) for PAGCOR: EGMS have contributed a share of ~% in the revenues of PAGCOR in 2016. Non junket is the second largest contributor in the revenues with the share of ~% in 2016. Junket services have contributed a share of ~% in the revenues of the industry in 2016. Junkets are complimentary or paid trips to casinos, offered to certain VIP players or groups of VIPs.
By Class Category (VIP, Slots, Mass and ETG): The VIP category is the dominating category in the segment with the contribution of ~% in terms of revenue in 2017. Growing number of UHNWIs in the country has majorly supported the growth in the VIP category. Slot is the second largest contributor with the share of ~% in the revenues of the casinos in 2017. The mass category has added a share of ~% in the revenues of the casinos in 2016. The Electronic Table Games (ETG) category is the smallest contributor to revenue to this industry.
By Nationality (China/Macau/Hong Kong, Korea, South East Asia and Local): Local Filipinos have contributed majorly in the revenues of the casino industry in 2017. They have contributed a share of ~% in the revenues of the industry. Chinese/Macau/Hong Kong has contributed a share of ~% in the revenues in 2016. Growing number of Chinese tourists in the country has surged the revenues from Chinese gamblers. Tourists from Korea are the third largest contributors in the revenues of the casino industry in the country. Tourists from Southeast Asian countries have contributed a share of ~% in the revenues of the casino in 2016.
Future Potential of Philippines Gambling and Casino Market: The gross gaming revenues for casino and gambling industry are anticipated to increase at a CAGR of ~% during the period 2018-2022 with revenues been reported at USD ~ million by 2022. One of the major trends which are likely to support the growth of casino and gambling industry is the integration of casino with the hotel and resort for cross business growth. Casinos in Philippines can be seen as a source of luxurious entertainment for people with high disposable income and leisure time. During 2022, casinos will have a share of ~% in terms of revenues in the overall casino and gambling industry.
The Philippines gaming sector has become one of the most lucrative markets in Asia amid the country’s robust economic expansion. The casino industry in the Philippines is highly concentrated with the presence of few leading players in the market. The major players in the market are PAGCOR, City of Dreams Manila, Bloom Solaire and Resorts World manila. Most casinos in the Philippines are integrated within a hotel and resort in the Philippines.
Key Topics Covered in the Report:
Philippines casino industry
Philippines gambling industry
Online players in casino Philippines
Licensed casinos in Philippines
Slot category in casino Philippines
Government casinos in Philippines
Online gambling sites in the Philippines
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Ankur Gupta, Head Marketing & Communications