PAGCOR predicts $6B in casino investments in the Philippines, aiming for a 450-500B peso GGR by 2027.
The Philippines' gaming regulator, PAGCOR, anticipates up to $6 billion in foreign and domestic investments for its casino sector in the next five years, boosting the country's status as a leading gambling destination in Asia. At least one new casino-resort is expected to open annually outside Manila, such as Clark and Cebu. The industry targets a total gross gaming revenue (GGR) of 450-500 billion pesos ($8-9 billion) by 2027, a year earlier than initially planned.
March 19, 2024
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