The casino gaming market in the Philippines to grow at a CAGR of 9.93% during the period 2016-2020.
Casino Gaming Market in the Philippines 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A key trend which is expected to boost market growth is the integration with the hospitality sector. Casinos are seen as a source of luxurious entertainment for people with the disposable income and time. With casinos' inability to attract a younger audience, they are looking at alternate methods to increase their customer base and business. One such method is closer association with the hospitality sector.
According to the report, a key growth driver is the boost in VIP revenue. A considerable portion of the revenue generated in the Philippines gambling market is through the VIP customer segment. This segment is expected to have increased growth and revenue with more VIP tables being added to the casinos. Macau's largest junket operators have already started business in the country, accelerating the flow of income from this gaming segment.
Further, the report states that one challenge that could restrict market growth is the saturation of casinos in the Philippine market.
The market is divided into the following segments based on end-user:
- VIP customers
- Mass; refers to the non-VIP consumer segment, which is not confined to luck-based casino games