PAGCOR Chairman and CEO Alejandro Tengco told reporters Wednesday that the Philippines is eying record gaming revenues of more than US$8 billion this year but remains wary of the potential threat posed should Thailand introduce legal casinos.
In comments reported by Bloomberg, Tengco revealed that gross gaming revenue is on track to reach between Php450 billion and Php 480 billion (US$7.8 billion to US$8.3 billion) in 2025, aided by an improved performance from the nation’s integrated resorts and the surging eGames sector.
However, he also acknowledged the competition posed by Thailand’s moves to legalize entertainment complexes housing casinos, commenting it’s “a big threat”.
