INQUIRER.net: PH gambling business seen surpassing Singapore’s $5.6B market by 2018

INQUIRER.net Philippine News for Filipinos

PH gambling business seen surpassing Singapore's $5.6B market by 2018 Feb 28th 2013, 03:55 MANILA, Philippines—The Philippines' burgeoning gaming industry may surpass Singapore's $5.6-billion gaming market by 2018 on the back of a larger local mass market and likely spillover of foreign high-rollers, foreign bank Credit Suisse said.   In a new equity research dated February 27, "Let the Games Begin," Credit Suisse initiated coverage of the Philippine gaming sector with a rosy outlook of 28 percent compounded annual growth rate for the industry over the 2012 to 2018 period.   "We view the Philippines as having a potentially larger domestic market in the high-margin mass segment compared to other Asian gaming hubs on the back of favorable demograp... Keep on reading: PH gambling business seen surpassing Singapore’s $5.6B market by 2018 Media files: credit-suisse-logo.jpg (image/jpeg)

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