PAGCOR has a USD 10 billion target for 2017
Philippine gaming growth at risk after 2015
2014-02-19
Reading time 27 seg
(Philippines).- The Philippine gaming industry will grow strongly through next year but may then be at risk after a wave of new Macau casinos open. Debt rating company Fitch said Philippine gaming growth through 2015 will be fuelled by the opening of City of Dreams, a venture between the SM Group and Macau's Melco Crown.
While two more billion-dollar casinos will open after that, Fitch described the Philippine gaming industry as relatively mature with Resorts World, Solaire and 12 PAGCOR casinos around the country.
Fitch said it will be difficult for the Philippines to match Singapore's annual revenue of us$ 6 billion within the decade.
PAGCOR has a us$ 10 billion target for 2017.
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