Asia
PAGCOR Chief Says Philippine Gaming Industry Back to Pre-Pandemic Levels
Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and Chief Executive Officer Ajejandro H. Tengco said increased demand for leisure, travel and entertainment will sustain the growth trajectory of the Philippine gaming industry in the coming years.
During the RGB Connect Gala Night at Hilton Clark Sun Valley Resort in Pampanga over the weekend, Mr. Tengco said the lifting of travel and movement restrictions has fueled demand for dining, shopping and other outdoor activities that were not possible during the pandemic.
“And so, one year into the term of President Ferdinand Marcos Jr., our gross gaming revenues have returned to near the levels of 2019 which was the year PAGCOR achieved its all-time high for Philippine GGR levels,” he said.
“Today, we expect the 2023 GGR to match, if not surpass, our 2019 record. Not bad considering that many of our traditional high rollers and junkets have not fully returned, but our domestic players and the influx of new tourists have filled the void,” he added.
Mr. Tengco said future growth of the local gaming industry will also be supported by the opening of more integrated resorts including those in Clark.
“Clark is projected to become a major gaming and tourism hub before the end of this decade. If you go around Clark, you can see its immense potential.
“You can see the infrastructure in place, you can see the surrounding tourist destinations, and you can see the new buildings and new commercial districts being developed in all directions,” he said.
On the side of PAGCOR, Tengco said the state gaming agency is also embarking on a modernisation programme to increase revenues.
“We expect the delivery of 3,000 brand new slot machines by January next year. We have an agreement in place with a supplier for a revenue-sharing scheme for these new machines which we expect to generate at least P18 billion in revenues in the next five years,” he said.
“We are also modernizing our table games by replacing our old ones with new and more sophisticated gaming tables to attract more players and further increase revenues,” he added.
On top of its casino modernisation programme, Mr. Tengco said PAGCOR is likewise procuring a system for its online platform, to be called casinofilipino.com, “to give PAGCOR a significant share of the very lucrative and very profitable online market.”
Asia
WorldMatch Announces Strategic Partnership with KGI
WorldMatch, leading provider of premium online gaming solutions, has announced a strategic partnership with KGI, marking a significant milestone in its expansion into the Philippine market. The collaboration with KGI represents WorldMatch’s inaugural and exclusive direct client in the Philippines, positioning the company as a key player in this burgeoning market.
As part of this partnership, WorldMatch has obtained certification for its games by the Philippine Amusement and Gaming Corporation (PAGCOR), ensuring compliance with local regulations and standards. This certification underscores WorldMatch’s commitment to providing high-quality gaming content that meets the strict requirements of regulated markets.
“The partnership with KGI and the certification by PAGCOR mark a pivotal moment for WorldMatch. Entering the Philippine market represents a significant opportunity for us to expand our presence in a regulated and rapidly growing industry. We are excited to collaborate with KGI and deliver our cutting-edge gaming solutions to players in the region,” said Xhuljana Demerxhiu, Head of Sales at WorldMatch.
The Philippines is a key market for the online gaming industry, with its robust regulatory framework and growing demand for innovative gaming experiences. By partnering with KGI and obtaining PAGCOR certification, WorldMatch is poised to capitalize on this opportunity and establish a strong foothold in the region.
Mr. Marvin A. Tort, President of KGI, said: “KGI is looking forward to this collaboration with WorldMatch, which is well known for its innovative gaming products with engaging gameplay. We are proud to be their partner in this region.”
The post WorldMatch Announces Strategic Partnership with KGI appeared first on European Gaming Industry News.
Asia
Kazakhstan to Host the Games of the Future 2026
Following a highly competitive process, Phygital International announced that Kazakhstan has been chosen as the host of the Games of the Future 2026.
This annual tournament, which is the pinnacle event of the phygital sporting world, received hosting bids from countries across the world, all bidding to follow the UAE in becoming hosts of this prestigious event.
Kazakhstan proved itself the ultimate winner with the Phygital International Expert Committee judges, after showcasing its expertise in hosting international tournaments, its state-of-the-art sports venues – along with the perfect mix of being a nation that embraces sports, culture and tradition as well as its technology and innovation capabilities.
The Games of the Future is a unique international event, which brings together the next generation of dynamic sporting heroes from all over the world. Phygital International expects the Games of the Future 2025 in UAE and now, 2026 in Kazakhstan to welcome thousands of world-class athletes and esports persons as part of multinational clubs. They will participate in the multi-sport event which comprises of a number of phygital sport challenges.
Nis Hatt, CEO of Phygital International, said: “We’re hugely excited at the prospect of Kazakhstan receiving the phygital flame from next year’s host, the UAE to host the 2026 tournament. It’s so pleasing to see the exponential growth of not only phygital sports, but also the global phygital community.
“In fact, the host nation bidding process for the Games of the Future 2027 is already hotting up but there’s still time for other countries to put their bid in before the deadline in December.”
Yerbol Myrzabossynov, Minister of Tourism and Sports for the Republic of Kazakhstan, said: “It is a privilege for our great nation of Kazakhstan to be awarded the honour of hosting the Games of the Future in 2026. Our country has supported phygital sport from its very inception, and we take pride in being the next in line to host this great event and we’re excited to receive the phygital flame from the UAE, who’s hosting in 2025 we greatly look forward to.”
The Games of the Future places no restrictions on its participants and welcomes everyone, regardless of their age, gender and nationality. The deadline for submitting applications to host the tournament in 2027 is December 31, 2024.
The post Kazakhstan to Host the Games of the Future 2026 appeared first on European Gaming Industry News.
Asia
FeedConstruct Teams Up with H League on Exclusive International Betting Rights
FeedConstruct has announced a new partnership with the Korean Handball Leagues, securing exclusive worldwide streaming and data collection rights for the prestigious handball competitions.
Through this partnership, FeedConstruct will provide comprehensive coverage of more than 160 matches for each upcoming season throughout the partnership. Companies worldwide will have access to high-quality streaming and precise data, ensuring they capture every moment of the action.
Established in 2011, the Korean Handball League is entering its 14th edition, and the upcoming season promises to be highly competitive. In the women’s tournament, all eyes will be on the SK Sugar Gliders, the reigning back-to-back champions of the Asian Women’s Club League Handball Championship. On the men’s side, the Doosan Handball Club, which has claimed the league title an impressive 12 times, will be a dominant force.
South Korea is recognised as the most successful handball nation in Asia, boasting a combined total of 25 titles in the Asian Handball Championship between its Men’s and Women’s National Teams. This partnership with the Korean Handball League aims to enhance the visibility of handball, offering unparalleled access to the excitement and intensity of H League matches.
By delivering comprehensive streaming and data insights as part of this exclusive rights deal, FeedConstruct further solidifies its position as a leading sports streaming and data provider, continually enhancing the fan experience worldwide.
The post FeedConstruct Teams Up with H League on Exclusive International Betting Rights appeared first on European Gaming Industry News.
-
Aristocrat Gaming7 days ago
Aristocrat Gaming Honored by Gaming Industry with Supplier of the Year, Best Slot, and Best Land-Based Product at the Global Gaming Awards Americas
-
Africa7 days ago
Galaxsys Expands Its Presence in Africa by Partnering with Betika
-
2024 G2E Party7 days ago
SCCG Launches Celebrity BooRay! Exhibition Featuring Mark Wahlberg and Former NBA Stars at 2024 G2E Party
-
Compliance Updates7 days ago
How payments can drive iGaming operators’ growth as they navigate an evolving regulatory landscape
-
American Gaming Association7 days ago
AGA, ECA and BGC Sign MOU
-
Compliance Updates7 days ago
BetConstruct Acquires New Romanian Licence for Casino and Fixed-Odds Betting Activities
-
Eastern Europe4 days ago
Amusnet Enters into Partnership with Vivabet
-
Latest News7 days ago
Week 41/2024 slot games releases