📢 Philippines🇵🇭set to become Asia’s second-largest gaming market (after Macau🇲🇴)

📢 Philippines🇵🇭set to become Asia’s second-largest gaming market (after Macau🇲🇴)

By the end of 2025, gross gaming revenue is expected to surpass USD 7 billion.

▶️According to local experts, the rise in international tourism is the primary driver behind this growth.

▶️Regulatory adjustments introduced by the Philippine Amusement and Gaming Corporation (PAGCOR) —which acts both as regulator and operator— have also supported expansion, particularly through the reduction of licensing fees.

▶️In 2024, revenues from online casinos and online bingo surged by 165%.

▶️By early 2025, the gaming sector already accounted for 53% of the country’s total revenue.

▶️The Philippines’ removal from the FATF “grey list” further strengthened investor confidence and improved growth prospects.

▶️Additional insight: the Central Bank of the Philippines (BSP) has modernized payment systems to mitigate financial risks. E-wallet transactions for gambling are now restricted, requiring operators to process payments exclusively through accredited channels. These measures reinforced AML and KYC frameworks but also led to a temporary 50% decline in legal online transactions.

#news #Asia #gambling

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