Casino Gaming Market in the Philippines 2016-2020

Overview of the casino gaming market in the Philippines

Market research analysts at Technavio expect the casino gaming market in the Philippines to grow at a CAGR of around 10% by 2020. The recent boost in revenue through the VIP customer segment is one of the major drivers that will impel the prospects for growth in this market. In this region, the addition of more VIP tables will lead to the growth of the market. Consequently, most junket operators from Macau have started their business in the region, which will, in turn, accelerate the flow of income from this gaming segment. The revenue contribution from the VIP segment in the Philippines will increase during the forecast period as they are making efforts to match the luxuries provided by the casinos in Australia at a lower price.

One of the major trends in the Philippines casino gaming market is the integration of the casino market with the hospitality sector. In this region, casinos are trying to integrate their businesses with major luxury hotels as they are seen as a source of luxurious entertainment for people with high disposable income and time. Numerous restaurants and bars in the country have slot machines which attract customers; thus, adding more value to the place. Due to this strategy, the reach of the games increased by a huge margin.

Segmentation by end user and analysis of casino gaming market in the Philippines

• Mass
• Slot machines
• VIP customers

According to this market analysis, the VIP customers segment accounted for approximately 50% of the Philippines casino gaming revenue share in 2015. The VIP audience generally includes gamblers who seek entertainment value over ROI for their investments. The players use rolling chips to play repeatedly and the winnings are converted into rolling chips, which are not allowed to be encashed. The winnings or loss related transactions by the VIP customers are mostly carried out by a third party junket.

Segmentation by type of games and analysis of casino gaming market in the Philippines

• Blackjack
• Craps
• Poker
• Roulettes
• Slot machines

One of the most popular casino games in the Philippines is poker. The game is based on five-card hands and is extensively played online. The different types of poker games are Pai Gow Poker, HORSE poker, Omaha high-low, and video poker. The cards are placed from the lowest rank to the highest rank and the several combination of cards include high card, pair, two pair, three of a kind, straight, flush, and full house. The player with the best combination of cards wins the game.

Competitive landscape and key vendors

In this market, the level of competition will intensify during the forecast period as the existing vendors are competing among themselves to gain maximum market shares. New casinos are expected to open in the future since numerous junkets are setting up shop in the country. Furthermore, as the casinos in the region are trying to match the casinos at Australia, South Korea, and Vietnam in terms of features and affordability, the level of competition will increase significantly over the next few years.

Key vendors in the market are -

• City of Dreams Manila (CODM)
• Philippines Amusement and Gaming Corporation (PAGCOR)
• Resorts World Manila (RWM)
• Solaire (BLOOM)

The other prominent vendors in this market include Casino Filipino Binondo, Casino Filipino Citystate, Casino Filipino Malabon, Casino Filipino Santa Cruz, Casino Filipino Universal, Club Tropicana Las Piñas, Club Tropicana Santa Mesa, Empire Poker Sports Club, Lancaster Hotel, Madison Square Garden Hotel & Casino, Manila Grand Opera Hotel and Casino, Master Poker Sports Club, Metro Card Club, Midas Hotel & Casino, Midas Touch Poker Sports Club, Networld Hotel Spa & Casino, New World Manila Bay Hotel & Casino, Sofitel Philippine Plaza Hotel, and Waterfront Manila Pavilion Hotel & Casino.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the casino gaming market in the Philippines?
• What are the key market trends impacting the growth of the casino gaming market in the Philippines?
• What are the challenges to market growth?
• Who are the key vendors in the casino gaming market in the Philippines?
• What are the market opportunities and threats faced by the vendors in the casino gaming market in the Philippines?
• Trending factors influencing the market shares of the Philippines.
• What are the key outcomes of the five forces analysis of the casino gaming market in the Philippines?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Casino Gaming Market 2015-2019
• Casino Gaming Market In The UK 2015-2019
• Online Gambling - Global Market Research 2015-2019
• Gambling Market In UK 2015-2019
• Casino Gaming Market In Macau 2015-2019
• Casino Gaming Market In The US 2016-2020