Gaming Investors and Operators Lock Their Sights on the Philippines

Florin P. - March 15, 2023
Skyscrapers Makati Manila The Philippines

SiGMA Group is to hold a major event in the Philippines, as the local gambling industry is set to continue its meteoric rise in 2023 and beyond.

The Philippines have emerged as an increasingly popular destination for the online gambling industry. Investors and operators find this destination more attractive than ever and consider the prospect of the opening shop here. For the time being, the SiGMA Group will head to the country this year and will host an event that will be attended by experts from within and beyond borders. Participants will tap into the potential of a vast global network, with affiliates, operators, and suppliers coming to Asia.

Must-Attend Event for Land-based and Online Operators

SiGMA has tremendous experience in hosting high-profile events which are attended by major B2B and B2C brands. This is not going to be an exception, as the organization is endorsed by the gambling regulator in the Philippines, PAGCOR. The latter is also responsible for the significant growth that the gambling industry has experienced in this country recently. Local players have gained convenient and safe access to outstanding games, especially via mobile devices.

The nation has a sizable and fast-growing population, which is young and tech-savvy, hence the incredible rise of iGaming markets. As players frequent online casinos, they rely heavily on their handheld gadgets to play for free or real money. Those who choose the latter can deposit using conservative payment methods or cryptocurrencies. Digital money has gained a lot of fans in recent years and contributed to the growth of the local gambling industry.

A Fast-Growing Regional Market

The gambling industry in the Philippines is one of the fastest growing, and there are many reasons for its meteoric growth. The eclectic mix between a reasonable gaming tax regime, diverse market segments, and a reliable workforce is usually cited. Tourists frequently visit the casinos integrated into luxurious resorts, so online and brick-and-mortar casinos have their fans. With more than 35 such casinos, tourists and locals alike have plenty of worthy alternatives.

The Philippines government goes to great lengths to convince locals to play at casinos licensed and regulated by the PAGCOR. Operators are provided with all sorts of benefits to locating here, and they can put their financial resources to good use. Not only casino games, but also sports, but it has gained popularity in recent years, so the gambling industry benefits on several levels. Many players are young individuals, which is also a reassuring situation when analyzing the growth forecast.

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