Inside Asian Gaming

IAG JUN 2019年6月 亞博匯 44 COLUMNISTS Okada Manila continues to ramp following its 2016 launch 岡田馬尼拉自2016年開業以來持續發展 T he Philippine land-based casino market finished2018withatotalgrossgamingrevenue (GGR) of Php187.54 billion (approximately US$3.57 billion), representing a 22.9% year- over-year increase and a compound annual growth rate (CAGR) north of 20% for the period of 2015- 2018. Whereas GGR of the PAGCOR-operated casinos (Casino Filipino) had a fairly modest growth rate of around 4%, it is the casino resorts in Entertainment City that largely drove this stunning growth. Solaire Resort & Casino, City of Dreams Manila, Okada Manila and Resorts World Manila aggregately accomplished a total GGR of more than US$2.69 billion, a jump of nearly 30% from the prior year. In addition, the properties in the Clark Freeport and 菲 律賓陸上博彩市場於2018年的博彩總收入 (GGR)達1875.4億菲律賓披索(約35億7,000萬 美元)，同比增長高達22.9%。而2015至2018年 期間的複合年均增長率亦有20%。另外，由PAG- COR所營運的賭場(Casino Filipino)，則錄得較 溫和的4%增長率。而強勁的增長實在是由娛樂城內的賭場度假村 所帶動。晨麗娛樂場及渡假城、新濠天地馬尼拉、岡田馬尼拉及馬尼 拉雲頂世界四間度假村的博彩總收入，合共超過26億9,000萬美元， 比去年同期上升30%。 另外，位於克拉克自由港及特別經濟區內設施的累計博彩總收 入亦錄得22.4%增長，達1億6,420萬美元，成為馬尼拉以外地區的上 升動力火車頭。 The Innovation Group有直有留意市場情況及動態，並涉獵了 菲律賓多個與綜合娛樂場度假村相關的項目。以下是對該國市場本 身的競爭優勢的評估撮要： 1) 博彩稅制 菲律賓的博彩稅制在亞太地區中依然是有商業競爭力的，因為 Special Economic Zone experienced 22.4% growth to reach an aggregate GGR of US$164.2 million, leading the growth momentum outside Manila. The Innovation Group has been constantly monitoring the market conditions and dynamics, and has been involved in a number of IR related projects in the country. A summary review on the Philippine market’s intrinsic competitive advantages reveals the following: 1) GAMING TAX REGIME The Philippines’ gaming tax regime remains commercially competitive in the Asia Pacific region, as operators can allocate more financial resources towards customer acquisition and/or capital improvements that result in greater prospective revenues.