PHILIPPINES’ OFFSHORE GAMING REVENUE SURGES WITH REVISED LICENSING

While some Philippine senators persist in advocating for the complete shutdown of the country’s offshore gaming industry, one politician is highlighting the sector’s resurgence under PAGCOR’s revamped Internet Gaming Licensee (IGL) system.Albay Representative Joey Salceda, who chairs the House Ways and Means Committee, praised PAGCOR’s succ

CLSA, a leading brokerage firm, has updated its forecasts for Macau’s gross gaming revenue (GGR) for 2024, now projecting a 1.6 percent increase. The revised estimate suggests that GGR will reach MOP$239.9 billion ($29.8 billion) this year, fueled by heightened visitation and optimistic assumptions regarding GGR per visitor.Drivers of growth:This