Philippines Could Grow GGR By 15% This Year Says Analyst’s

The Philippines gross gaming revenue (GGR) could grow as much as 15% this year says analyst’s helped by domestic demand according to Maybank.

Much of that rise will be contributed to the growing of the VIP sector by Korean big spenders, however slot machines and general play gamblers made up 59% of all GGR in Q1 of this year in the Philippines according to Maybank.

The analyst bank said,“Mass and slots GGR have further room to grow, as evidenced by the country’s below-average GGR per capita and the increasing wallet share of Entertainment City casinos.”

“The orientation toward mass and slots benefits industry players as hold rates for mass and slots are less volatile, translating to more stable GGR.”