96
go. It operates, mainly through manage-
4500
ment contracts with private companies,
188 bingo halls throughout the Philip-
4000 OTB’s Main Track
pines. One major operator is AB Leisure
3500
Exponent Inc (ABLE), which is a wholly
owned subsidiary of Leisure and Resorts
3000
World Corporation (LRWC).
LRWC estimates that the company’s
2500
market share over bingo operations is 35-
2000
40 percent. The company offers electron-
ic, pull-tab and rapid bingo games as well
1500
as traditional bingo.
1000
Slot Machines
500
PAGCOR operates three slot machine
arcades in major cities and its 13 casinos
0
and eight VIP clubs also offer slots. There
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
are approximately 6,600 slot machines
operating in the Philippines current-
ly. However according to Elixir Gam-
ing Technologies (EGT) (a subsidiary of
PRCI On and Off-Track Betting Sales
Macau based operator Melco), who dis-
1997 - 2007
tribute gaming machines throughout the
Philippines, the market is “significantly
PHP 5,000.00 under-penetrated by gaming machines in
comparison to other established markets
Main Track Revenue
PHP 4,000.00
in the region”. It argues that the Philip-
OTB’s Revenue
pines currently has nearly 16,000 people
PHP 3,000.00
per gaming machine, compared to ap-
proximately 100 per machine in Austra-
lia and 400 in the US.
PHP 2,000.00
They argue that the Philippines mar-
ket could extend to “20,000 gaming ma-
PHP 1,000.00
chines in the next few years; with a total
market capacity for over 50,000 gaming
PHP 0.00 machines.” Driving this growth is an
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 emerging middle class within the nation
who enjoy gaming entertainment.
Growth within the industry has been Bingo Tax
driven by the expansion of off-track bet- As the monopoly provider of all ter- As part of the terms of its (casino) mo-
ting parlours (OTBs), which currently restrial gaming in the Philippines, state nopoly over gaming in the Philippines
account for approximately 90 percent of owned company PAGCOR is in charge PAGCOR is subject to a five percent of
gross handle. of the operation and regulation of bin- gross revenue ‘franchise tax’. The char-
March 2010
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