Surge in Gross Gaming Revenue (GGR)

The Philippine gambling industry is on track to achieve a record-breaking year, with gross gaming revenue (GGR) projected to exceed PHP 350 billion (US$6.04 billion). This milestone reflects the sector’s remarkable post-pandemic recovery and ongoing expansion. Electronic gaming, a key contributor, continues to attract both domestic and international audiences, particularly in Manila’s bustling integrated resorts.

Impact of the POGO Ban

The Philippine Amusement and Gaming Corporation (PAGCOR) remains committed to addressing concerns related to Philippine Offshore Gaming Operators (POGOs). This includes phasing out offshore licenses by the end of the year due to reports of criminal activities linked to the sector. The crackdown aligns with President Ferdinand Marcos Jr.’s directive to improve the country’s regulatory landscape. While the POGO ban eliminates a controversial revenue stream, it signals a shift towards a more transparent and sustainable gambling ecosystem.

Manila as a Gaming Destination

Manila’s appeal as a gaming destination is bolstered by its world-class resorts, including establishments by Melco Resorts and Universal Entertainment. These venues draw high rollers from across Asia, particularly China, Japan, and South Korea. With the continued investment in infrastructure and diversified gaming offerings, Manila is well-positioned to compete with other global gambling hubs like Macau and Singapore.

Personal Perspective: A Growing Opportunity

As the Philippine gambling market evolves, it presents a dual-edged opportunity. On one side, the record revenue highlights the sector’s resilience and growth potential. On the other, the POGO crackdown underscores the importance of aligning economic ambitions with ethical standards. The focus on regulated electronic gaming and integrated resorts could set a benchmark for emerging markets.