ASEAN Gaming Summit: The growing Philippines market
At the ASEAN Gaming Summit, IDX Games CCO Peter Johns discussed the Philippines' growing market with PH Resort Group COO Angel Sueiro, Thunderbird Resorts & Casinos Casino General Manager David Lawrence, Nustar VP & OIC of Gaming and IR Trevor Hammond, and Newport World Resorts Senior Director of Casino Gaming Operations Sandy A. Amida.
Johns: Gross gaming revenue (GGR) from licensed casinos in the Philippines jumped more than 29% in Q1 2022. The Philippines is set to become one of the best-performing markets in Asia. What do you all think about the Philippines' growth?
Lawrence: I completely agree with that assessment. Our two properties only started accepting customers again in March this year. Since then, revenues have climbed quickly in the country. However, we should be back to 2019 levels by the end of this year, easily.