The Philippine casino sector could generate gross gaming revenue (GGR) equivalent to "$5.2 billion to $5.9 billion" for all of 2023. If the actual 2023 figure is within that range, this should exceed the pre-pandemic 2019 year equivalent to $4.84 billion. Industry consulting firm GCG Gaming Advisory Services Pty Ltd suggested.
The data refers to the entire industry GGR, including non-casino bingo and electronic game outlets, state-owned casinos, and commercial sector properties in Entertainment City Manila, Clark, Cebu, and other regions.
Entertainment City venues will again have the highest annual share of GGR, which is around "$3.6 billion to $4 billion" in 2023, the consultant suggested.
Entertainment City Resorts produced about 76.8 percent of the entire industry, or 43.47 billion PHP, in the three months to June 30, according to the latest data released by the Philippine Entertainment and Gaming Company (Pagcor), a casino regulator in the Philippines. The figure, sequentially, is down 4.3 percent, but up 17.5 percent year-on-year.
GCG Gaming Advisory Services said that the sequential decline in Entertainment City was "concerning." It said, "We may have seen that the market is predominantly local and the $2.4 billion that took out those players in the last two quarters saw a few regulars make their appearances."
Plans to open casino hotels in Entertainment City's Westside City project in Q4 2024 "should see more players in the market overall," the consultant said.
The new location will be "right in the middle" of the Manila casino cluster formed by City of Dreams Manila, Solaire Resort and Casino, and Okada Manila.
GCG Gaming Advisory Services said the Newport World Resort near Manila International Airport is "ideal" compared to other commercial resorts in the capital, while it has "more" hotel brands compared to its competitors and has a second, newer casino floor on site, located with "Sheraton and Hilton" hotel brands.
GCG Gaming Advisory Services has suggested that the commercial casino cluster of the Clark Freeport Zone, which is also located on Luzon, a major island in the Philippines, is estimated to be a "$600-$700 million" market in terms of casino GGR throughout 2023.
According to the consultant's update, the Clark Freeport district in the heart of Luzon, south of the capital, has its own commercial-casino cluster. It includes the Royce Hotel and Casino, one casino resort and casino, the DeHites Resort and Casino, Midori Clark Hotel and Casino, Fontana Leisure Park and Casino, and the Capital Casino Clark.
"Han, D-Hearts and Lois are estimated at 75% of the potential market of $600 million to $700 million. Other properties such as Fontana, Casino Plus, Capital and Midori are being renovated and expanded to compete," the consultant said.
BY: 카지노사이트