Essential information and facts Philippines
Capital Manila
Total Area 300,
000sq.km Population 116.4 million
Median Age 24.1 years Religion Roman Catholic (79%), Muslim, other
Ethnic Groups Tagalog, Bisaya, Cebuano, Ilocano, others
Languages Filipino and English Currency Philippine Peso (PHP)
Government type Presidential Republic Chief of State President Ferdinand Marcos Jr (since 2022)
Head of Government President Ferdinand Marcos Jr (PFP)
Elections Cabinet approved by president with consent of the Commission of Appointments. President and Vice President elected by simple majority popular vote for a single six year term. Next election due May 2028.
Unemployment 4.4% Tourism 8.26 million (2019)
will go on improved connectivity in tourist destinations, improvement to air and sea ports, a stronger cruise tourism program and the country’s first Hop-On Hop-Off Bus Tours.
Te country received the title of Asia’s Best Cruise Destination 2023 and this is the first time it received such recognition building the Philippines’ reputation as an emerging powerhouse in the global cruise and tourism sector.
Last year (2023) the Philippines had 128 ports of call (cruise calls) across 33 destinations across the country and the cruise ships brought in more than 101,000 passengers.
In August the Department of Tourism launched a pilot of a new electronic visa system to speed up the arrival process. Te system enables any visa-required nationality to apply for a temporary visitors’ visa online for tourism or business purposes. It was piloted for the Chinese first and was due to be rolled out completely by end 2023.
Tis is part of Marcos’ push to digitise the country’s governmental services plus help the number of tourist arrivals recover.
In 2019 China was the country’s second largest source of inbound tourists with 1.7 million arrivals spending PhP2.33bn in tourism receipts. But only 130,000 Chinese visited during the first six months of 2023.
P40 WIRE / PULSE / INSIGHT / REPORTS ENTERTAINMENT CITY
Te Philippines aims to generate US$12.5bn from the gaming industry by 2028 to become the leading authority in the ASEAN region. It is predicted GGR will be around US$5.2bn for last year (2023) above and beyond pre-pandemic revenues of US$4.5bn.
Entertainment City is responsible for the biggest annual chunk of these revenues and with the opening of the Westside City project, this should boost revenues significantly.
It is anticipated that the Entertainment City complex in Manila will generate a GGR in the range of US$3.8bn to US$4.2bn in 2023.
GGR for all the casinos in the Philippines reached PhP184bn (US$3.3bn) in 2022 of which almost 80 per cent (PhP146.2bn) was generated by the Entertainment City resort casinos. In 2019 Entertainment City saw a GGR of PhP167.1bn.
Entertainment City is a sprawling gaming and entertainment complex developed by PAGCOR on 8km of reclamation land in Parañaque in the Manila Bay area. Te resort currently includes four Integrated Resorts whilst the Westside City development is due to open in March 2024 within Entertainment City.
Te Entertainment City resort will have almost 10,000 hotel rooms to accommodate up to a million tourists annually when fully completed.
To operate within Entertainment City a licensee needs:
l
Hotel accommodation of 800 hotel rooms minimum to operate a casino.
l
Te IR must have a minimum of 250,000sq.m of gross floor area.
l
Te gaming area cannot exceed 7.5 per cent of the gross resort floor area.
l
Te gaming capacity ratio for each EGM is three slots for every two standard rooms or equivalent and three Electronic Table Games per two standard rooms.
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