THE Philippine video game development industry is expected to be worth $3 million by the end of the year and $7 million by 2010, an industry study conducted for a local game development organization showed.

In 2007, the study said the local game development was worth about $1 million, according to Cesar Tolentino, game development research consultant who presented the study during the Business Process Outsourcing Summit in Crowne Plaza Hotel.

Six outsourcing industries, including game development industry, showcased their services for the offshore market during the event.

Tolentino pointed out that the local game development industry employs about 500 people who now work in at least 10 Philippine-based companies.

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