Articles worth reading

Comelec receives 89,000 voter applications 

account_balanceMetro Manila access_time5 days ago

The Commission on Elections (Comelec) on Tuesday said it has received nearly 89,000 voter applications on the first day of the resumption of the registration period for the 2025 midterm polls, according to a report by Philippine News Agency. Ci...

Screengrabbed from: Pinoy Pawnstars Youtube

Dingdong Dantes' coffin from 'Rewind' sold for P250,000

account_balanceMetro Manila access_time4 days ago

The coffin used in a scene from the country's highest-grossing film, "Rewind," was bought by content creator and memorabilia collector Boss Toyo for P250,000. As shown in the latest "Pinoy Pawnstars" vlog, funeral service Pas...

64% of Filipinos believe PH headed in right direction

account_balanceMetro Manila access_time4 days ago

A significant majority of Filipinos believe the country is headed in the right direction under the administration of President Ferdinand R. Marcos Jr., according to the latest survey results released by OCTA Research on Wednesday, according to a...

Metro News

The Strengths And Opportunities Of The Gaming Industry In Philippine

account_balanceMetro News account_circleNoah James chat_bubble_outline0 Comments

Recently, the Philippines witnessed an increase in the gross gaming revenue or GGR after the relaxation of the COVID-19 imposed restrictions. It is expected that this year, the GGR of the gaming industry in the Philippines will surpass the value of $2 billion. The gaming industry of the Philippines has huge potential. However, to extract the maximum potential of the gaming industry, it is important to identify the strengths and opportunities of the gaming industry in the Philippines. The labour market of the gaming industry is highly competitive and the wages earned by the worker are at par with the international standard. The tax system of the Philippines is also highly suitable for the gaming industry in the country which provides gamers to work on their unique business models. In addition to that, the creative gaming industry of the Philippines is highly active. In fact, the art and animation industry of the Philippines currently belongs to one of the fastest-growing markets. 

Strengths Of The Gaming Industry In The Philippine

The Game Developers Association of the Philippines which was established in 2007 includes 56 game studios and schools. Many of these gaming studios have worked in prominent games like The Last of US 2, Gears of War 4 and The Witcher III: Wild Hunt Blood and Wine. Another prominent strength of the gaming industry in the region is the fact that playing online casino games is legal and it is regulated and licensed, this is unique to the Philippines. Further, Electronic Sports and Gaming Summit have been playing a critical role in the country since 2013 as it is one of the biggest annual gaming events in the region. Most Filipinos are using mobile phones for playing games due to their accessibility. Hyper-casual games played with the aid of TapTap and Auto Clicker are also on the rise in the country. In addition to that, the market preference for gaming consoles is high. Also, Filipinos prefer to play games which are free to play. 

Further, the government of the Philippines is supportive of the gaming community in the country which acts in the form of grassroots support. Not to forget, the Philippines is home to many famous artists who have worked for Pixar Studios and Warner Bros. Also, the team of Ubisoft Philippines has previously worked in building the art of the Assassin Creed title. This clearly indicates that the gamers of the Philippines have the potential to climb the ladder of success. 

Opportunities Of The Gaming Industry In The Philippine

The labour cost in the region is highly competitive in the entire Southeast region which presents a huge opportunity. This is the reason why it has successfully managed to attract studios like Ubisoft, Keywords studios and Gameloft to have their setup in the country. Ubisoft is located in De La Salle University Science and Technology Complex located in Santa Rosa. This university also provides the students with a platform to pursue a Bachelor of Science in Interactive Entertainment and a Major in Game Development. It also offers a Bachelor of Science degree in Interactive Entertainment Major in Art and Design. 

Also, when the creative economy of the Philippines is considered, game development design lies in the top five positions of the priority sector. The government of the Philippines is also working towards attracting investors to this industry. One step taken towards it includes tax reduction of the company from 30% to 25% to make the business environment of the country more lucrative. A report by App Annie has also indicated that there is an increase of more than 55% in the spending on mobile gaming by Filipinos. Also, the country plays a role when it comes to the fastest-growing market in the entire Southeast Asian region. 

Not only the international games but the games that are locally developed are also extremely popular in the Philippines. Even though most Filipinos are playing games for recreational purposes, an increase in the professional video gaming leagues are also observed. The revenue-making potential of eSports is extremely high in the Philippines. Due to the same reason, eSports is now an officially recognized sport in the country. The same was legitimized in 2017 by the Philippine Games and Amuse Board. The government further showed support by sponsoring the tournaments, on the other hand, the businesses provided financial support to the professional teams. The support from both the government and the private sector is doing wonders for the gaming industry in the Philippines. 


date_rangeDate Published
1 year ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Taylor Sheesh brings her 'Errors Tour' to Singapore

account_balanceMetro Manila chrome_reader_mode1 day ago

Following her successful "Errors Tour" show in Melbourne, Taylor Sheesh is set to perform in Singapore next month. Sheesh, whose real name is Mac Coronel and is known as the Philippines' top Taylor Swift impersonator, announced on Tues...

Gov't seeks to register stateless Filipinos in Sabah 

account_balanceMetro Manila chrome_reader_mode6 days ago

The Philippine Embassy in Kuala Lumpur is targeting to register around 550,000 “stateless” Filipinos in Sabah, and eventually provide them with services available to Filipino citizens, the Department of Foreign Affairs (DFA) said in a rep...

Zanjoe Marudo, Ria Atayde now engaged

account_balanceMetro Manila chrome_reader_mode1 day ago

Celebrity couple Zanjoe Marudo and Ria Atayde are now engaged! The two announced their engagement on Tuesday through a joint Instagram post, featuring photos of Ria wearing a ring. "Forever sounds good," they wrote in the caption. ...

DMW signs deal to regulate deployment of OFWs to Korea 

account_balanceMetro Manila chrome_reader_mode1 day ago

The Department of Migrant Workers (DMW) will release next week the third set of guidelines for the deployment of Filipino seasonal workers to Korea, according to a report by Philippine News Agency. In a press briefing on Monday, DMW officer-in-...

×
Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature