The Philippines’ luxury casino outlook is rosy but online ops have a slow recovery ahead
Philippines' online gaming revenue is expected to drop by half in 2022. The overall gaming sector is still expected double. There were a lot of online operators in the Philippines during the world health crisis. Some of them had their licenses canceled. The fall in online gambling revenue was due to the pandemic.
The number of POGO licenses in the Philippines has declined from 63 in 2019 to 26 now. The regulator says the industry has not fully recovered 2 years after the onset of the health emergency. PAGCOR expects revenues to decline to Php3.47 billion in 2021. The outlook for luxury casinos in Philippines is good. However, online casinos have a slow recovery ahead.
The gaming sector is expected to double revenues this year compared to last year. The outlook for the luxury casino industry is good. Online casinos have a slow recovery ahead.