Philippines Casino Gaming Market by Type, Product, and Geography - Forecast and Analysis 2023-2027
| Published: Jun 2023 | Pages: 121 | SKU: IRTNTR75823 |
Philippines Casino Gaming Market Analysis Report 2023-2027:
The Philippines casino gaming market size is estimated to grow at a CAGR of 8.94% between 2022 and 2027. The market size is forecast to increase by USD 2,207.56 million. The growth of the market depends on several factors, such as the increase in penetration of online casino gaming, the expansion of casinos, and the introduction of new casino games.
This Philippines casino gaming market report extensively covers market segmentation by type (land-based casino gaming and online casino gaming), and product (slot machines, lottery ticket machines, electronic roulette, multiplayer game stations, and gaming servers). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
What will be the size of the Philippines Casino Gaming Market During the Forecast Period?
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Philippines Casino Gaming Market: Key Drivers, Trends, and Challenges
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Philippines Casino Gaming Market Driver
The increase in penetration of online casino gaming is driving growth in the Philippines casino gaming market. Web-based casino gaming allows players to access and play casino games at their convenience. Also, computing and mobile devices are increasing the reach of gambling games among consumers. The operators of online casinos are reaching out to the unrepresented population that doesn't want to go to a betting establishment and encouraging people to try Internet gaming through mobile advertisements, one of the most powerful advertising mediums.
Moreover, the growing number of mobile devices in the Philippines is a major factor influencing the Philippines casino gaming market. Smartphones provide a convenient and intuitive interface for playing casino games and e-sports. In view of the change in the industry, market players focusing on this sector react rapidly to technology developments and set up digital platforms that take advantage of the growing use of smartphones for gaming. It is expected that the rising smartphone penetration will present several opportunities for vendors during the forecast period. Thus, such factors are expected to drive the growth of the market in focus during the forecast period.
Key Philippines Casino Gaming Market Trends
The increasing use of social media marketing is a primary trend in the Philippines casino gaming market. Social media marketing strategies are now used by the operators of casinos from both an Internet and offline point of view for attracting customers. The ability of Social Media Platforms to influence business has also been recognized by the operators, who use Innovative Marketing Strategies in support of gambling activities and casinos. Casino operators, both offline and online, including big gaming and entertainment companies providing a huge portfolio of entertainment products, are increasingly using these social networking platforms to promote casino games as well as create awareness and interest amongst consumers.
However, the limited restriction on social media platforms to provide warning messages regarding responsible gambling information has made social media marketing a widely adopted strategy for advertisement by vendors. This is having a positive impact on the market focus and will lead to more people playing casino games. Thus, such factors are expected to fuel the growth of the market in focus during the forecast period.
Key Philippines Casino Gaming Market Challenge
The increasing instances of online scams are a major challenge faced by the Philippines casino gaming market. Casino gaming on the Internet is exposing its players to internet scams. While playing casino games online, customers are receiving spam emissary messages with news about winning coupons or lotteries. In order to get the prize money, they're being manipulated into making payments for taxes and extra charges. The Emissaries originate from bogus websites with interfaces similar to those of a real website, which are designed to deceive the customer into believing he is being deceived by fraudulent schemes.
Moreover, fake online casino gaming websites are rampant, and players repeatedly fall prey to these scams. Due to the fact that the content is still hosted by the website publishers on a different URL even after the ban, the task of shutting down these illegal sites has become extremely difficult for the Cyber Crime Unit. Online scams and inadequate laws to tackle the issue are the challenges faced by online casino gaming in the market in focus. Thus, such factors are expected to hinder the growth of the Philippines casino gaming market in the Philippines during the forecast period.
Philippines Casino Gaming Market Customer Landscape
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Philippines Casino Gaming Market Customer Landscape
Who are the Major Philippines Casino Gaming Market Companies?
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ballys Corp - The company offers casino gaming such as roulette and mini-baccarat.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
- Bloomberry Resorts Corp.
- Caesars Entertainment Inc.
- Celton Manx
- Coin178
- Dafabet
- Entain Plc
- International Game Technology plc
- MegaSportsWorld
- Melco Resorts and Entertainment Ltd.
- Midas Hotel and Casino
- Newport World Resorts
- Opus Plus
- PhilWeb Corp.
- Play n GO
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
What is the Largest-Growing Segment in the Philippines Casino Gaming Market?
The land-based casino gaming segment is estimated to witness significant growth during the forecast period. The land-based casino gaming segment has been a crucial source of entertainment for many consumers in the market in focus. Land-based slot gaming has become a popular tourist attraction in the Philippines over the past decade, with many travelers coming from across the globe for an experience of excitement and luxury offered by these casinos.
Get a glance at the market contribution of various segments View the PDF Sample
The land-based casino gaming segment was the largest segment and was valued at USD 2,739.26 in 2017. As technology advances, more people opt to play casino games online from the comfort of their own homes. This shift has led to some land-based casinos losing revenue as more people shifted their gaming habits online. Despite this, in Philippines' land-based casino gaming industry, which has attracted new visitors like cruise ships and luxury accommodations as well as expanded its facilities, will continue to prosper. Thus, the land-based casino gaming segment in the Philippines casino gaming market in the Philippines is expected to witness moderate growth during the forecast period.
Segment Overview
The Philippines casino gaming market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- Type Outlook (USD Million, 2017 - 2027)
- Land-based casino gaming
- Online casino gaming
- Product Outlook (USD Million, 2017 - 2027)
- Slot machines
- Lottery ticket machines
- Electronic roulette
- Multiplayer game stations
- Gaming servers
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Philippines Casino Gaming Market Scope |
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Report Coverage |
Details |
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Page number |
121 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.94% |
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Market growth 2023-2027 |
USD 2,207.56 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
7.57 |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ballys Corp., Bloomberry Resorts Corp., Caesars Entertainment Inc., Celton Manx, Coin178, Dafabet, Entain Plc, International Game Technology plc, MegaSportsWorld, Melco Resorts and Entertainment Ltd., Midas Hotel and Casino, Newport World Resorts, Opus Plus, PhilWeb Corp., Play n GO, Royce Hotel and Casino, SA Gaming, Thunderbird Pilipinas Hotels and Resorts Inc., Tiger Resorts, Leisure and Entertainment Inc., and Widus Hotel and Casino Clark |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Philippines Casino Gaming Market In the Country Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2023 and 2027
- Precise estimation of the size of the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market industry across The Philippines
- A thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of market vendors
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 10: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 11: Chart on The Philippines - Market size and forecast 2022-2027 ($ million)
- Exhibit 12: Data Table on The Philippines - Market size and forecast 2022-2027 ($ million)
- Exhibit 13: Chart on The Philippines: Year-over-year growth 2022-2027 (%)
- Exhibit 14: Data Table on The Philippines: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Casino gaming market in the philippines 2017 - 2021
- Exhibit 15: Historic Market Size – Data Table on casino gaming market in the philippines 2017 - 2021 ($ million)
- 4.2 Type Segment Analysis 2017 - 2021
- Exhibit 16: Historic Market Size – Type Segment 2017 - 2021 ($ million)
- 4.3 Product Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – Product Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 25: Chart on Type - Market share 2022-2027 (%)
- Exhibit 26: Data Table on Type - Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 27: Chart on Comparison by Type
- Exhibit 28: Data Table on Comparison by Type
- 6.3 Land-based casino gaming - Market size and forecast 2022-2027
- Exhibit 29: Chart on Land-based casino gaming - Market size and forecast 2022-2027 ($ million)
- Exhibit 30: Data Table on Land-based casino gaming - Market size and forecast 2022-2027 ($ million)
- Exhibit 31: Chart on Land-based casino gaming - Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Land-based casino gaming - Year-over-year growth 2022-2027 (%)
- 6.4 Online casino gaming - Market size and forecast 2022-2027
- Exhibit 33: Chart on Online casino gaming - Market size and forecast 2022-2027 ($ million)
- Exhibit 34: Data Table on Online casino gaming - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Chart on Online casino gaming - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Online casino gaming - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Type
- Exhibit 37: Market opportunity by Type ($ million)
- Exhibit 38: Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 39: Chart on Product - Market share 2022-2027 (%)
- Exhibit 40: Data Table on Product - Market share 2022-2027 (%)
- 7.2 Comparison by Product
- Exhibit 41: Chart on Comparison by Product
- Exhibit 42: Data Table on Comparison by Product
- 7.3 Slot machines - Market size and forecast 2022-2027
- Exhibit 43: Chart on Slot machines - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Data Table on Slot machines - Market size and forecast 2022-2027 ($ million)
- Exhibit 45: Chart on Slot machines - Year-over-year growth 2022-2027 (%)
- Exhibit 46: Data Table on Slot machines - Year-over-year growth 2022-2027 (%)
- 7.4 Lottery ticket machines - Market size and forecast 2022-2027
- Exhibit 47: Chart on Lottery ticket machines - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Lottery ticket machines - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Lottery ticket machines - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Lottery ticket machines - Year-over-year growth 2022-2027 (%)
- 7.5 Electronic roulette - Market size and forecast 2022-2027
- Exhibit 51: Chart on Electronic roulette - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Electronic roulette - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Electronic roulette - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Electronic roulette - Year-over-year growth 2022-2027 (%)
- 7.6 Multiplayer game stations - Market size and forecast 2022-2027
- Exhibit 55: Chart on Multiplayer game stations - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Multiplayer game stations - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Multiplayer game stations - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Multiplayer game stations - Year-over-year growth 2022-2027 (%)
- 7.7 Gaming servers - Market size and forecast 2022-2027
- Exhibit 59: Chart on Gaming servers - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Gaming servers - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Gaming servers - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Gaming servers - Year-over-year growth 2022-2027 (%)
- 7.8 Market opportunity by Product
- Exhibit 63: Market opportunity by Product ($ million)
- Exhibit 64: Data Table on Market opportunity by Product ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 66: Impact of drivers and challenges in 2022 and 2027
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 67: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 68: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 69: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 70: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 71: Matrix on vendor position and classification
- 11.3 Ballys Corp.
- Exhibit 72: Ballys Corp. - Overview
- Exhibit 73: Ballys Corp. - Business segments
- Exhibit 74: Ballys Corp. - Key offerings
- Exhibit 75: Ballys Corp. - Segment focus
- 11.4 Bloomberry Resorts Corp.
- Exhibit 76: Bloomberry Resorts Corp. - Overview
- Exhibit 77: Bloomberry Resorts Corp. - Product / Service
- Exhibit 78: Bloomberry Resorts Corp. - Key offerings
- 11.5 Caesars Entertainment Inc.
- Exhibit 79: Caesars Entertainment Inc. - Overview
- Exhibit 80: Caesars Entertainment Inc. - Business segments
- Exhibit 81: Caesars Entertainment Inc. - Key news
- Exhibit 82: Caesars Entertainment Inc. - Key offerings
- Exhibit 83: Caesars Entertainment Inc. - Segment focus
- 11.6 Celton Manx
- Exhibit 84: Celton Manx - Overview
- Exhibit 85: Celton Manx - Product / Service
- Exhibit 86: Celton Manx - Key offerings
- 11.7 Dafabet
- Exhibit 87: Dafabet - Overview
- Exhibit 88: Dafabet - Product / Service
- Exhibit 89: Dafabet - Key offerings
- 11.8 Entain Plc
- Exhibit 90: Entain Plc - Overview
- Exhibit 91: Entain Plc - Business segments
- Exhibit 92: Entain Plc - Key news
- Exhibit 93: Entain Plc - Key offerings
- Exhibit 94: Entain Plc - Segment focus
- 11.9 International Game Technology plc
- Exhibit 95: International Game Technology plc - Overview
- Exhibit 96: International Game Technology plc - Business segments
- Exhibit 97: International Game Technology plc - Key offerings
- Exhibit 98: International Game Technology plc - Segment focus
- 11.10 Melco Resorts and Entertainment Ltd.
- Exhibit 99: Melco Resorts and Entertainment Ltd. - Overview
- Exhibit 100: Melco Resorts and Entertainment Ltd. - Product / Service
- Exhibit 101: Melco Resorts and Entertainment Ltd. - Key offerings
- 11.11 Midas Hotel and Casino
- Exhibit 102: Midas Hotel and Casino - Overview
- Exhibit 103: Midas Hotel and Casino - Product / Service
- Exhibit 104: Midas Hotel and Casino - Key offerings
- 11.12 Opus Plus
- Exhibit 105: Opus Plus - Overview
- Exhibit 106: Opus Plus - Product / Service
- Exhibit 107: Opus Plus - Key offerings
- 11.13 PhilWeb Corp.
- Exhibit 108: PhilWeb Corp. - Overview
- Exhibit 109: PhilWeb Corp. - Product / Service
- Exhibit 110: PhilWeb Corp. - Key offerings
- 11.14 Play n GO
- Exhibit 111: Play n GO - Overview
- Exhibit 112: Play n GO - Product / Service
- Exhibit 113: Play n GO - Key offerings
- 11.15 Royce Hotel and Casino
- Exhibit 114: Royce Hotel and Casino - Overview
- Exhibit 115: Royce Hotel and Casino - Product / Service
- Exhibit 116: Royce Hotel and Casino - Key offerings
- 11.16 Tiger Resorts, Leisure and Entertainment Inc.
- Exhibit 117: Tiger Resorts, Leisure and Entertainment Inc. - Overview
- Exhibit 118: Tiger Resorts, Leisure and Entertainment Inc. - Product / Service
- Exhibit 119: Tiger Resorts, Leisure and Entertainment Inc. - Key offerings
- 11.17 Widus Hotel and Casino Clark
- Exhibit 120: Widus Hotel and Casino Clark - Overview
- Exhibit 121: Widus Hotel and Casino Clark - Product / Service
- Exhibit 122: Widus Hotel and Casino Clark - Key offerings
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 123: Inclusions checklist
- Exhibit 124: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 125: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 126: Research methodology
- Exhibit 127: Validation techniques employed for market sizing
- Exhibit 128: Information sources
- 12.5 List of abbreviations
- Exhibit 129: List of abbreviations
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.
INFORMATION 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
casino gaming market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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