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A Win-Win-Win Scenario in the Gaming Industry amidst the Pandemic: Evidence from the Philippines
Subject area: Management and Commerce · Area of research: Business & Finance
Abstract
The gaming industry in the Philippines took a hit with the COVID-19 pandemic, maybe even the worst hit industry along with other leisurely and tourism related businesses such as hotels, airlines, and other tourist destinations. When the Philippine government declared the Enhanced Community Quarantine (ECQ), all leisurely activities and businesses were prohibited from operating, and only allowing businesses engaged in essential needs such as hospitals, medicine, food, logistics to continue its operation.
References
[1] VENZON, CLIFF (December 2020) ‘Philippines bets on online casinos, e-cockfights as Chinese flee’. Retrieved from https://asia.nikkei.com/Business/Media-Entertainment/Philippines-bets-on-online-casinos-e-cockfights-as-Chinese-flee
[2] AGBrief Editorial, (January 2021) ‘Competition adds to Covid woes in the Philippines’. Retrieved from https://agbrief.com/headline/competition-adds-to-covid-woes-in-the-philippines/
[3] NG, FELIX (January 2021) ‘Philippines legislature working on new bill for taxing POGO workers. Retrieved from https://agbrief.com/headline/philippines-legislature-working-on-new-bill-for-taxing-pogo-workers/
[4] NG, FELIX (November 2020) ‘Resorts World Manila loses US$35 million in Q3’ Retrieved from https://agbrief.com/headline/resorts-world-manila-loses-us35-million-in-q3/
[5] CONNELLER, PHILIP (November 2020) ‘Philippines Regulator Greenlights Online Gambling Lifeline for Pandemic-Stricken Casinos’. Retrieved from https://www.casino.org/news/philippines-regulator-pagcor-greenlights-online-gaming-lifeline-for-casinos/
[6] OLDROYD, KEVIN (May 2019) ‘Casino Revenue in the Philippines Is Surging’. Retrieved from https://www.gamblingsites.org/news/casino-revenue-in-the-philippines-is-surging/
[7] CARPIO, ANTONIO T. (May 2020) ‘The Invisible Hands in POGOs’. retrieved from https://opinion.inquirer.net/129572/the-invisible-hands-in-pogos
[8] SANCHEZ, MARTHA JEAN (December 2020) ‘Annual revenues of Philippine online gambling operations in the Philippines from 2016 to 2018’. Retrieved from https://www.statista.com/statistics/1017254/revenues-philippine-online-gambling-operations-philippines/
[9] DE VERA, BEN O. (January 2021) ‘BIR collected P 7.18B from Pogo sector in 2020’. Retrieved from https://business.inquirer.net/316515/bir-collected-p-7-18b-from-pogo-sector-in-2020
How to cite this paper
@article{1702657,
author = {Daniel I. Moran},
title = {A Win-Win-Win Scenario in the Gaming Industry amidst the Pandemic: Evidence from the Philippines},
journal = {Iconic Research And Engineering Journals},
year = {2021},
volume = {4},
number = {10},
pages = {34-37},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1702657.pdf},
abstract = {The gaming industry in the Philippines took a hit with the COVID-19 pandemic, maybe even the worst hit industry along with other leisurely and tourism related businesses such as hotels, airlines, and other tourist destinations. When the Philippine government declared the Enhanced Community Quarantine (ECQ), all leisurely activities and businesses were prohibited from operating, and only allowing businesses engaged in essential needs such as hospitals, medicine, food, logistics to continue its operation. },
month = {April},
}