Philippines sees up to $6 billion of investments in casino sector in next 5 years
The Philippines' freewheeling gaming industry is bracing for regional competition from Japan, which has approved its first casino, and Thailand, which is again considering legalising casinos.
Tengco said the Philippines would likely hit its target of 450 billion to 500 billion pesos ($8-9 billion) in total gross gaming revenue (GGR) by 2027, a year earlier than expected. (Image credit: Reuters)