The Philippines is getting ready for a new hotshot destination for casinos in Asia, as it recently overtook China’s Macau and Singapore.
International casino suppliers have set up shop in the Philippines in anticipation of heightened demand for slot machines in the country
Unlike premier gambling destination Macau, the Philippines’ gaming sector doesn’t solely depend on visitors from other countries
Filipino gamblers use slot machines so much that the producers have created special units that have bigger jackpots than in other markets
Introduction
Welcome to the pulsating world of Asia’s gambling scene, where the allure of slot machines has transformed the region into a captivating gambling destination. As a top-notch casino enthusiast, you are in for an extraordinary journey through the thrilling landscape of slot machines and the burgeoning gambling industry in Asia. Join us as we delve into the mesmerizing world of slot machines, uncovering the key drivers behind the craze and the ever-evolving casino suppliers that cater to this soaring demand.
Casinos in the Phillippines are open 24/7
Anita, whose real name has been withheld as she doesn’t want to be publicly associated with gambling, knew her way around the carpeted ballroom. She walked past a brand-new car with a big red ribbon on its roof, and navigated rows of tables and dealers, heading straight towards the most dazzling and colourful zone of the casino floor: the slot-machine games—where players bet money, spin reels, chase winning combinations with randomness.
It was 10:00 am on a Saturday.
The casinos in Clark are open 24/7. That morning, Anita’s gambling hall was already at nearly 60% capacity. While Korean and Chinese visitors placed their bets at table games, Filipinos mainly occupied slot machines.
“The Philippine gaming market is unique because its domestic segment is strong, whereas others such as China’s Macau and Singapore rely heavily on foreign tourism,”
Miguel Sevidal, a gaming analyst at brokerage firm at Maybank Securities Philippines
Casino’s GGR surpassed Macau and Singapore
That’s why, in the quarter ended September 2022, the Philippines overtook Macau—Asia’s gambling paradise reeling from the lack of tourists—in gross gaming revenue (GGR). As travel resumed in the following quarter, Macau reclaimed its pole position.
Now, many gaming analysts believe that the archipelagic country is shaping up to become the region’s next great destination for games of chance.
The Philippines is poised to grow its annual GGR to US$10 billion by 2027, a significant climb from 2022’s US$3.8 billion and this year’s projected US$4.5 billion. Despite a slow recovery, Macau’s total GGR for 2022 was US$5.3 billion.
SOURCE THE KEN
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