jogos poker The Philippine gaming industry is expected to hit an all-time

jogos poker The Philippine gaming industry is expected to hit an all-time

jogos poker The Philippine gaming industry is expected to hit an all-time high with total revenue of US$5.2 billion, Philippines, December 1, 2023 – Driven by record quarterly results in the fourth quarter, the Philippines’ The gaming industry is expected to achieve a record high total revenue of $5 billion to $5.2 billion this year. Here’s a closer look at the forecast. Following PAGCOR’s recently released third quarter industry data, industry-wide GGR reached US$1.24 billion, a slight increase from US$1.19 billion in the same period last year. However, GCG noted that the $1.26 billion in total revenue recorded in the fourth quarter of 2019 is “likely to be broken in the fourth quarter of this year,” with growth in Korean tourists and the return of Chinese tourists expected to be key factors. GCG emphasized that the increase in total revenue was mainly due to the rise of the Clark region, which has increased its total gaming revenue from 7% in 2019 to 19% currently. In the third quarter of 2023 alone, Clark achieved revenue of $160.4 million, and total annual revenue is expected to reach approximately $640 million. Hann, D’Heights and Royce lead GCG’s observations, while Midori, Casino Plus and Fontana continue to compete with quality properties. Capital Casino, operated by PAGCOR, ranked last, with other projects in the early planning stages and a new facility at Royce coming online soon. Manila’s GGR in the third quarter was 5.7% lower than that in the first quarter, mainly because the market was mainly local and lacked the participation of Chinese intermediaries. In Cebu, GGR for the third quarter of 2023 is expected to be between US$20 million and US$30 million, and full-year GGR is between US$40 million and US$50 million. GCG stuck to its forecast that the Philippines’ gross gaming revenue will double to $10 billion by 2027. A strong market of locals, expat communities and increased regulation have helped the Philippines emerge in Asia’s gaming market, competing with Singapore for second place in the region behind Macau.

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