Philippines readies itself to become Asia's second largest casino hub after it set a record revenue 285 billion pesos last year.
According to the president of Manila’s gaming agency, the Philippines may surpass Singapore as early as next year to become Asia’s second-largest gambling destination after Macau with the launch of several new integrated resorts.According to the president of Manila’s gaming agency, the Philippines may surpass Singapore as early as next year to become Asia’s second-largest gambling destination after Macau.
“If Singapore doesn’t expand, they will plateau. Don’t be surprised if we will surpass them next year,” Tengco said.After setting a record of PHP285 billion last year, the Philippines anticipates total gaming income to soar to a new high of PHP336 billion pesos this year.
“Our advantage over Macau is that they don’t have online gaming,” Tengco said. Pagcor plans to launch its own online gaming website later this year and is seeking a joint venture partner to operate it.
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