Foreign and domestic firms are expected to invest much as $6 billion in the Philippines' casino sector in the next five years, the head of its gaming regulator said, bolstering its status among Asia's top gambling destinations as competition increases.
In 2023, the Philippines posted a record 285 billion pesos in total GGR, a key industry metric representing the amount players wager minus their winnings, government data showed.Gamblers from Japan, South Korea and Singapore, and domestic mass market players took up the slack from the absence of mainland Chinese high-rollers after the pandemic and tightening of rules on junkets.That allowed casino resort operators like Bloomberry Resorts BLOOM.PS and Japan's Universal Entertainment 6425.
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