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Casino Gaming Market in the Philippines 2016-2020

  • Published: Jun 2016
  • Pages: 54
  • SKU: IRTNTR9617
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This market research report presents a detailed segmentation of the casino gaming market in the Philippines by end user (mass, slot machines, and VIP customers) and by type of games (blackjack, craps, poker, roulette, and slot machines). The leading vendors in this market are Philippines Amusement and Gaming Corporation (PAGCOR), Resorts World Manila (RWM), City of Dreams Manila (CODM), and Solaire (BLOOM).

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?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Base year
  • Vendor segmentation

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by end-user

  • Philippines casino gaming market by end-user
  • Philippines casino gaming market by VIP customers
  • Philippines casino gaming market by mass end-user
  • Philippines casino gaming market by slot machine players
  • Market attractiveness by end-user
  • Segment comparison analysis

PART 07: Segmentation by type of game

  • Top five games in the Philippines casino market

PART 08: Casino market in APAC

  • Casino gaming market in APAC

PART 09: APAC gambling revenue analysis

  • Top countries in terms of casino gaming revenue in APAC

PART 10: Key leading countries in APAC

PART 11: Buying criterion

PART 12: Market drivers

PART 13: Impact of drivers

PART 14: Market challenges

PART 15: Impact of drivers and challenges

PART 16: Market trends

PART 17: Vendor landscape

  • Competitive scenario
  • Other prominent casinos in the Philippines

PART 18: Appendix

  • List of abbreviations

PART 19: Explore Technavio

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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