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Can the Philippines overtake Singapore and Japan to claim Asia’s number two gaming spot?
The Philippines is set to become Asia’s second-largest gaming market after Macau, with gross gaming revenue forecast to surpass US$7 billion in 2025. Newport World Resorts President Nilo Thaddeus Rodriguez cited improved tourism, increased investor interest and continued online gaming growth as key expansion drivers during the Inside Asian Gaming Expo in Pasay City.
International tourist arrivals reached 5.95 million in 2024, generating US$13.46 billion in spending and marking a 9% increase from the previous year. The tourism recovery supports both land-based casinos and digital gaming platforms across the Philippines.
Online gaming dominates revenue growth
How did online gaming jump from 41.5% to 53% of total revenue in just six months?
Digital platforms contributed 41.5% of GGR in 2024 but grew to 53% in H1 2025, bringing in US$2 billion in revenue. Rodriguez attributed this shift to regulatory adjustments by the Philippine Amusement and Gaming Corporation (PAGCOR), including reduced licensing fees and stricter compliance requirements.
This growth reflects broader trends, as online gaming revenue emerges as a key pillar for social funding in the Philippines. PAGCOR has implemented various measures to strengthen the sector, including new payment rules for online gambling.
The regulatory environment continues evolving, with authorities considering raising online gambling tax to over 30% as revenues grow.
FATF Grey List exit boosts investor confidence
What impact does leaving the money laundering watchlist have on casino investment?
The Philippines was removed from the Financial Action Task Force Grey List this year, improving investor outlook for the gaming sector. The country had pushed for FATF Grey List removal to enhance its regulatory standing.
Newport World Resorts is proceeding with its US$1.25 billion Westside City development, featuring over 2,500 hotel rooms, 2,000 gaming units, theatre venues and dining outlets. The integrated resort project is scheduled to open in Q3 2026.
Rodriguez noted the company currently supports 14,000 positions and remains focused on entertainment and local job creation. The FATF removal eliminates a significant regulatory hurdle for future casino developments.
Infrastructure challenges remain despite growth
Can the Philippines handle rapid gaming expansion without better infrastructure?
Rodriguez acknowledged ongoing challenges including infrastructure limitations and hotel room shortages that could constrain growth. The Philippines faces capacity constraints as gaming revenue and tourism increase simultaneously.
Despite these challenges, Rodriguez expressed confidence in the country’s long-term potential as a regional gaming hub. The comprehensive regulatory framework detailed in gambling regulation in the Philippines provides the foundation for sustainable growth.
Land-based integrated resorts continue driving tourism and economic activity alongside digital platforms. The dual approach allows the Philippines to capture both domestic online players and international tourists seeking premium gaming experiences.
Source: Gambling Insider
