Philippines: E-gaming industry growth nearly doubles in 2023
2 minutos de lectura
(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
ICE Barcelona 2026
19 de January 2026
Toni Karapetrov from Habanero on ICE Barcelona 2026: Regulated Growth, Localization and Strategic Expansion Drive 2026 iGaming Strategy
(Barcelona, Exclusive SoloAzar).- In this interview, Toni Karapetrov, Head of Corporate Communications at Habanero, shares insights from ICE Barcelona 2026, highlighting premium content innovation, high-level industry engagement, key iGaming trends such as localization and gamification, and the company’s strategic focus on regulated market expansion and sustainable growth in 2026.
Friday 13 Feb 2026 / 12:00
Johnny Ortiz, Founder of Zitro: "Our participation in this second edition of ICE Barcelona has been a resounding success"
(Barcelona, SoloAzar Exclusive).- In this interview, Johnny Ortiz reviews Zitro's participation at ICE Barcelona 2026, analyzes the impact of its new FANTASY and ILLUSION products, and reveals the company's strategic priorities for 2026, including international expansion, technological innovation, and strengthening its position in the Spanish market.
Friday 13 Feb 2026 / 12:00
R. Franco Strengthens Its Global Positioning Following a Strong Presence at ICE Barcelona 2026
(Barcelona, SoloAzar Exclusive).- R. Franco Digital's participation at ICE Barcelona 2026 delivered a highly positive outcome for the company, which leveraged the event to consolidate its international presence, showcase its latest innovations for both land-based and online segments, and generate key business opportunities across Europe and Latin America.
Wednesday 11 Feb 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.