Philippines: E-gaming industry growth nearly doubles in 2023
⏱ 1 min read
(Manila).- Speaking during a panel interview at the ICE London 2024 Conference in London last February 6, PAGCOR Chairman and CEO, Alejandro Tengco said: “there was a phenomenal rise of over 90% in online gaming activities in 2023 compared to the previous year.” The E-Gaming sector – which includes e-games, e-bingo, specialty games and sports betting – contributed USD 1,04 million to the country’s gross gaming revenues (GGR) in 2023.
The Philippine Electronic Gaming sector had a banner year in 2023 with revenues nearly doubling year on year due to policy reforms, according to Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro Tengco.
The E-Games contribution to 2023 GGR is also a new record, surpassing the previous high of USD 58 million posted in 2019 before the pandemic outbreak.
The ICE London 2024 Conference is known as the Global Gaming Hub for all B2B industry experts that provides an ideal platform for gaming industry leaders to share their achievements, initiatives and vision for the future.
ICE historically stands for “International Casinos Exhibition” and serves as the premier destination for industry innovation, collaboration and networking.
Earlier, Chairman Tengco said PAGCOR reached another milestone in 2023 with more than 1,000 licensed E-Gaming sites – with more applications in the pipeline.
“Because of the policy changes implemented by the current management, there was a considerable increase in gaming sites. We also approved reductions in (licensing) rates that contributed to the spike in approved sites,” he said.
“The E-Games sector’s notable performance positively impacted not only the local gaming industry but also PAGCOR’s revenue generation efforts,” Chairman Tengco said.
More policy tweaks – including further lowering licensing rates – and the growing integration of technology in gaming should allow the E-Games sector to continue fueling the growth of the local gaming industry with its projected Php61.75 billion in revenues in 2024.
Categoría:Reports
Tags: Sin tags
País: Philippines
Región: Asia
Event
SBC Summit Americas 2026
09 de June 2026
Habanero reflects on the key takeaways from SBC Summit Americas
(Fort Lauderdale, Florida).- Milda Mikelioniene, Habanero’s Business Development Executive reflects on the key takeaways from SBC Summit Americas, explains why Peru is emerging as one of the region’s most promising markets, and outlines how the supplier’s long-standing presence in Latin America continues to shape its growth strategy.
Wednesday 17 Jun 2026 / 12:00
Konami Highlights Key iGaming Innovations at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- In Q&A with SoloAzar, Eduardo Aching, VP, iGaming & International Gaming Operations, Konami Gaming, talked about its participation at SBC Summit Americas 2026, where the firm showcased its expanding online slot portfolio and emphasized new partnerships with iGaming operators, while spotlighting AI innovation and upcoming global launches.
Wednesday 17 Jun 2026 / 12:00
SBC Summit Americas 2026: Celebration Meets the World’s Biggest Stage
(Fort Lauderdale, SoloAzar Exclusive).- The Broward County Convention Center was buzzing this week as the SBC Summit Americas 2026 unfolded across 22,000 square meters of expo space. With six conference stages, a food festival, and more than 300 exhibitors, the summit, which ended yesterday, delivered a vibrant showcase of innovation and collaboration. The energy was palpable—until the world’s attention shifted to another global spectacle: the opening match of the FIFA World Cup.
Friday 12 Jun 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
