The Philippines' gambling industry is set to double its gross gaming revenue by 2028, as the country attracts more tourists such as wealthy Chinese gamblers, the gaming regulator's chief said on Wednesday. At least six new casino facilities worth roughly around $3 billion are in the pipeline to boost the Southeast Asian nation's freewheeling gaming industry ahead of competition from Japan, which has a sprawling casino set for construction, and Thailand, which is planning to legalise gambling. The country's gaming sector will likely post at least 10% annual growth in gross gaming revenue (GGR), which is projected to post a new record high this year and hit 450 billion to 500 billion pesos ($7.9 to $8.8 billion) in five years' time, Philippine Amusement and Gaming Corp (Pagcor) Chairman Alejandro Tengco told Reuters.
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