The Philippines’ authorities received 333 petitions for exclusion from gambling establishments in full-year 2022, rising 61.7 percent from 206 such bids in 2021.
According to statistics from the National Database for Restricted Persons (NDRP), issued this week by the country’s casino authorize regulator, the Philippine Amusement and Gaming Corp., there were 157 applications for self-exclusion in the 12 months ending December 31, compared to 94 such requests in 2021. (Pagcor).
In the fiscal year 2022, 176 of those prohibited were barred owing to applications submitted by family members. There were 112 similar applications the prior year.
The NDRP is a computerized database that lists persons not permitted to play at the country’s gambling businesses. Pagcor operates and regulates it.
The gaming regulator claimed the player exclusion program intended to “give patrons who feel that family, themselves are developing a problem with gambling” the option of being prohibited “from all gaming venues or platforms.”
Since the initial data on casino exclusions was obtained in September 2013, a total of 2,532 petitions for exclusion have been filed with local authorities. According to the statistics, 770 were still active as of December 31.
Incredible growth is expected in the Philippine Gaming Industry. According to The Macau Chamber of Commerce, the Philippines’ Gambling Industry will grow to $10 billion in 2027.
This is a 62% increase from 2022 when it was only $5.5 billion.
According to the latest analysis by GCG Gaming Advisory Services, the gross gaming revenue in the Philippines will most likely grow to $10 billion by 2027.
The Philippines have experienced very consistent growth in the gambling sector. The industry will most likely recover to revenue levels from before the pandemic by hitting $5 billion in 2023, and it is expected that it will continue to grow.
GCG analysts think the gambling industry will continue on its growth path as international travel is back, and with open borders, visitation numbers will gradually increase over the next months.
Particularly tourists from South Korea, China, and Japan are interested in coming and taking advantage of Philippine casinos, but locals also seem to be eager to spend money on gambling.
