7 months ‘PH gaming earnings will still grow’ Manilatimes |Biz
THE Philippine gaming industry will sustain its growth momentum despite uncertainty in the regulatory environment, according to Fitch Ratings. In a report released on Monday, Fitch Ratings said it “expects high single-digit gross gaming revenue (GGR) growth in the Philippines as a result of robust economic expansion.” Increasing international tourist numbers, it added, are likely to boost junkets and ancillary revenue streams at high-end casinos. Fitch noted that Okada Manila, which started its operations in 2016 and is the largest integrated resort (IR) in Entertainment City, is well-positioned to benefit from these positive dynamics. It said initial financial results of ... more