Author: tuxn

The Philippine gaming industry is set to reach a record-breaking PHP350 billion in 2024, driven by a surge in online games. In Q3 alone, electronic gaming revenue grew 464.38% year-on-year to PHP35.71 billion. Pagcor(Philippine Amusement and Gaming Corporation) Chairman Alejandro Tengco credits this to technological advancements and increased mobile gaming adoption.

However, Morgan Stanley warns the growth may be temporary, as over 1,000 new licenses were issued in 2023 following reduced licensing fees. Despite the ban on POGOs(Philippine Offshore Gaming Operations), domestic gaming remains resilient.

Pagcor is also preparing to relocate to a new 40,000 sqm headquarters in Pasay City, signaling its commitment to supporting the gaming sector’s sustainable development.

• Record-breaking Growth in Philippine Gaming Industry

  1️⃣ 2024 GGR projected to reach PHP350 billion ($6 billion), surpassing government targets and last year’s PHP285 billion.
  2️⃣ Online games are the primary growth driver.

• Explosive Growth in Online Games

  1️⃣ Q3 GGR increased by 37.52% to PHP94.61 billion.
  2️⃣ Electronic gaming revenue surged 464.38% year-on-year.

• Policies and Challenges

  1️⃣ Pagcor’s increased licenses and reduced fees contributed to growth.
  2️⃣ Morgan Stanley warns this growth might be short-lived.

• Impact of POGO Ban

  1️⃣ Despite the POGO ban, domestic gaming has sustained robust growth.
  2️⃣ Pagcor confirms remaining POGOs will exit by year-end.

• Pagcor’s New Headquarters

  A 40,000 sqm facility in Pasay City reflects Pagcor’s commitment to modernization and professionalism.

New Reference: iGamingBussiness

The era of dominance by a few igaming platform providers is over. Today, hundreds of gaming studios release games monthly, offering thousands of titles to players at their fingertips. Standing out in this crowded market requires innovation and personalization, a challenge BGaming has embraced with remarkable success.

Founded in 2018, BGaming focuses on creativity and quality. With over 150 games, the company prioritizes player needs, developing customized and branded games that resonate deeply with audiences. Alexandr Shavel, BGaming’s Product Owner, emphasizes the importance of delivering “something special” to players, moving beyond mass-produced games.

BGaming’s innovative approach includes crypto-integrated games, catering to the growing crypto gambling market. Its partnerships with operators and streamers ensure player preferences are at the forefront, enhancing engagement and loyalty. Notably, a collaboration with Blaze Casino saw an 80% growth in GGR, demonstrating the impact of customized gaming experiences.

Taking innovation further, BGaming recently launched Snoop Dogg Dollars, the first-ever celebrity-branded slot. This groundbreaking game combines proven mechanics with the allure of a global icon, targeting Tier-1 and Tier-2 markets.

As the igaming market heads towards $46 billion in revenue by 2029, BGaming’s player-centric approach sets it apart in an increasingly competitive landscape, showcasing how innovation and collaboration drive success.

• Market Trends and Demand:

  1️⃣Over 5,000 companies serve the igaming industry, with 3.6% growth expected in 2024.
  2️⃣Players increasingly seek personalized and innovative gaming experiences.

• BGaming’s Approach and Positioning:

  1️⃣Founded in 2018, BGaming focuses on creativity and quality, with a portfolio of 150+ games.
  2️⃣Prioritizes meeting individual player needs and creating customized, branded games.

• Innovation and Differentiation:

  1️⃣Embraces crypto gambling by offering crypto-integrated games.
  2️⃣Customized games strengthen player-brand connections and boost loyalty.

• Collaboration and Knowledge Sharing:

  1️⃣Works closely with players, streamers, and operators for game optimization.
  2️⃣Partnerships with operators ensure games align with brand identity and audience preferences.

• Case Study: Blaze Casino

  1️⃣Customized games drove an 80% GGR growth for Blaze Casino.
  Strategic integration of customized games enhances player engagement and retention.

• Branded Game Innovation:

  1️⃣Launched the first-ever celebrity-branded slot, Snoop Dogg Dollars.
  2️⃣Combines proven game mechanics with new features and iconic celebrity appeal.

• Conclusion:

  1️⃣The igaming market is projected to reach $46 billion by 2029, but growth is slowing.
  2️⃣To thrive, companies must adopt a player-centric, innovative approach, creating unique gaming paradigms.

News Reference: igamingbussiness

2024 is the year of Dragon, we’re introducing EAST SEA DRAGON KING™ and share luck with you!
Dive into the East sea to experience the underwater world and explore the hidden treasures.

・RTP: 96.23%
・Game Type: Video Slot
・Game Reel Type: Spinning Reels
・Reels, Lines: 5 reels, 3 rows, Clusters (no bet lines)
・Game Features: Wild substitutions, Expanding Wilds, Re-Spins

・Detailed introduction:
(1) Cluster Pay s™ Mechanic
A symbol is part of a cluster if it is horizontally or vertically adjacent to the same symbol. 5 or more of the same symbols appearing in a cluster, award a win.

(2) Wild Symbols
It can appear anywhere on the reels in the main game and in Re-Spins, and substitute for all symbols. Wild symbols substitution pays the highest possible winning combination on a bet.

(3) Expanding Wilds
One or more Wild symbols landing anywhere on the reels in the main game, automatically expand to cover the entire reel they land on and then activate a Re-Spin.

(4) Re-Spins
One or more Wild symbols landing anywhere on the reels in the main game activate Re-Spins. The Wild symbols expand to cover the entire reel and remain in place while the other reels re-spin.
One or more Wild symbols landing anywhere on the reels in ReSpins activate an additional Re-Spin. Re-Spin wins are added to any wins from the initial spin. When the Re-Spin ends, any new Wilds appearing on the reels expand in the same way as the initial spin and wins are evaluated.