Asia

Veterans evaluate Philippines to witness exponential growth in the eGaming industry

Published

7 years ago

March 23, 2018

Athira A

Conrad Manila - Philippines. Photo credits: www.google.co.in

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According to the evaluation of the experts, Philippines will witness exponential growth in the eGames industry over the next few years.

The veterans at the ASEAN Gaming Summit confirmed that eGames expansion is likely to be seen in the floor space and not in venue numbers. And that the eGames industry holds the potential to grow by leap and bounds in the upcoming years.

Dennis Valdes, the CEO of PhilWeb’s, a Philippine internet company involved in the gaming industry estimated that there are currently about 300 eBingo sites around the nation and 200 eCasinos. As PAGCOR only regulates the number of sites and not each entity’s size, they could be adding seats to existing locations promptly.

With regard to this Chris Tio, the Vice-President of DFNN, said that PAGCOR’s own view of the industry is likely enhanced by the substantial revenues it brings to government coffers, providing much-needed funds for national development.

Furthermore, Ron Arambulo, the Director of Hatch Asia, assessed that the opening of full-scale IRs in the Philippines is forcing the local eGaming operators to enhance the quality of their offerings, making the experience more comfortable and inviting for the patrons. These improvements must be achieved, however, on a modest budget, he added.

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Athira A

Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.