Philippines has seen the biggest development in Asian gaming industry, Joe Pisano asserts

Boasting more than 30 years of experience in global gaming technologies, SiGMA News put the spotlight on Joe Pisano, Founder and CEO of Jade Entertainment and Gaming Technologies. Pisano shared his insights on the development of the gaming sector in Asia highlighting the Philippines, current trends and innovations, and the outlook for the industry.?

Asia has seen remarkable growth and diversification in the gaming industry over the past few decades. According to the data from Asian Gaming Market Reports of Niko Partners, a market research and consulting firm, the region is the most important for gaming in the world, representing a major opportunity for game developers and publishers, hardware and device makers, infrastructure providers, and investors. The report added that high consumer demand for games, esports, tournaments, and streaming, coupled with growing disposable income, improvements in infrastructure, and investment by multinational companies and country governments have set the stage for strong continued growth.?

The evolution of gaming in Asia?

According to Pisano, the most significant development in Asian gaming has been in the Philippines. He explained, “If we go back 30 years, there were only really three casinos in all of Asia — Lisboa, Genting, and some of the early PAGCOR (Philippine and Amusement Gaming Corporation) casinos here in the Philippines.” Since then, Pisano said the industry has expanded dramatically.?

“In Manila, we’ve seen the rise of integrated resorts (IRs),” Pisano noted. “We’ve?witnessed growth in Macau and Singapore. The Philippines, however, boasts the most diverse gaming market in Asia, with online gaming, remote slots, integrated resorts, VIP clubs, and specialty games spread across the country.”?

Emerging trends and innovations?

When asked about current trends and innovations in the gaming sector, Pisano highlighted several key areas. “Anti-money laundering (AML) is going to take a very important role in the Philippines. We need to get out of the AML grey list to drive the industry further,” he emphasised.?

Pisano also pointed out the shift towards cashless gaming, which enhances AML and Know Your Customer (KYC) processes. Additionally, he mentioned... {Full article}