Lewes, DE -- (SBWire) -- 07/05/2016 --Report forecast the casino gaming market in the Philippines to grow at a CAGR of 9.93% during the period 2016-2020.
A casino is an indoor entertainment facility that plays host to various types of gambling activities. Modern casinos include hotels, restaurants, shopping malls, and other tourist attractions. Gambling is illegal in many parts of the world, and casinos are concentrated only in certain regions. However, with its growing popularity and revenue contribution in the form of tax, several countries are easing regulations to support the growth of casinos.
The report covers the present scenario and the growth prospects of the casino gaming market in the Philippines for 2016-2020. To calculate market size, the report considers revenue generated from online and brick-and-mortar casinos.
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
- Slot machine players
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.
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.
key players in the casino gaming market in the Philippines: PAGCOR, RWM, City of Dreams Manila (CODM), and Solaire (BLOOM).
Other Prominent Vendors in the market are: Casino Filipino Binondo, Casino Filipino Citystate, Casino Filipino Malabon, Casino Filipino Santa Cruz, Casino Filipino Universal, Club Tropicana Las Piñas, Empire Poker Sports Club, Lancaster Hotel, Madison Square Garden Hotel & Casino, Manila Grand Opera Hotel and Casino, Master Poker Sports Club, Metro Card Club, Midas Hotel & Casino, Midas Touch Poker Sports Club, Networld Hotel Spa & Casino, New World Manila Bay Hotel & Casino, Sofitel Philippine Plaza Hotel, and Waterfront Manila Pavilion Hotel & Casino.
Market driver
- Boost in VIP revenue
- For a full, detailed list, view our report
Market challenge
- Saturation of casinos
- For a full, detailed list, view our report
Market trend
- Integration with hospitality sector
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 54 pages and 26 Exhibit "Casino Gaming Market in the Philippines 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Segmentation by type of game, Casino market in APAC, APAC gambling revenue analysis, Key leading countries in APAC, Buying criterion, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/casino-gaming-market-philippines-2016-2020
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