In the last 10 years the Philippines has become one of the most important gaming hubs in the Asia-Pacific region. In order to attract further investment to its shores, the Philippines is offering attractive tax breaks for land based and online gaming operators.
The Filipino gambling market is creating a big buzz in the industry. According to a 2007 report by Global Gaming Business, the Philippines represents the second largest gambling market in Asia after Macau. Last year, Tony Tong, CEO of PacificNet Games, claimed that the Philippines' gambling market was “even bigger than Macau” in terms of gambling machine installations.
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