Daily Asia Gaming eBrief: Still space for more IRs, says PAGCOR Chairman

Thursday 20th of June 2024

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Good Morning. Build it and they will come. While space in Metro Manila is diminishing, PAGCOR's Chairman highlights exactly how many properties could be coming online within the region in the future, and which are in discussions to explore new opportunities in other, close, markets. The move to diversify gaming operations outside of the main axis could bode well, given the high populations of nearby city-hubs. Meanwhile, the Dowinn Group has denied its reported closure, saying the move is merely temporary. And in supplier news, Aruze Gaming Global gives the breakdown on its latest offerings, celebrating its entrance into new Asian markets.

What you need to know

PAGCOR's Chairman lays out exactly how many more integrated resorts could still open in the Philippines without cannibalization.
Dowinn Group, a Philippine junket operator, denies permanent closure, claiming 'unjust defamation' in response to collapse allegations.
Aruze Gaming Global highlights its latest offerings aimed at the Asian diaspora, celebrating its entrance to new markets.

On the radar

Philippines labor department cracks down on foreign workers after POGO raids.
GST amendment to offer potential relief for India's online gaming industry.
Indonesian president denies online gambling social assistance plan.
Probe sought in Philippine congress on issuance of special resident visas.
MGM possibly planning major expansion of Macau IR: Report.

AGB Intelligence

PHILIPPINES

Still space for more IRS, says PAGCOR's Chairman

Although Metro Manila is starting to get crowded, the Chairman of PAGCOR, the Philippine gaming regulator, says that there's still space for more operators, depending on their strategy. The official looks beyond Entertainment City, noticing opportunities both north and south, as the gaming diaspora expands. Some projects have been belabored, while others were approved before his tenure, but Alejandro Tengco sees strong growth opportunities to be maximized.

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