In the Philippines, the gaming industry recorded gross gaming revenues of Php396.14bn (US$6.61bn) in 2025, as the sector continued to adapt following the shutdown of offshore gaming operations. Despite this shift, growth remained strong, driven by the rapid expansion of the online segment. Online gaming revenues rose by 30% year-on-year to Php201.1bn (US$3.5bn) accounting for 50.77% of total industry GGR and overtaking licensed casinos as the largest contributor. This momentum is reflected in user engagement, with around 10 million active adult Filipino players now participating on legal e-gambling platforms. PAGCOR Chairman and CEO Alejandro Tengco highlighted the ongoing shift in player behaviour toward digital channels, with the regulator responding through enhanced oversight, improved transparency and a continued focus on maintaining a secure and well-regulated environment. 

Macau maintained its strong recovery trajectory, with gross gaming revenue reaching MOP$247.4bn (US$30.9bn) in 2025, up 9.1% year-on-year and marking the market’s highest annual total since the onset of the Covid-19 pandemic. Operators have also continued to diversify beyond gaming, investing further in entertainment, retail and hospitality to broaden Macau’s appeal to a wider audience.