The Philippines has been one of the best-performing gaming jurisdictions over the past five years and is expected to continue to outperform, despite rising regional competition, as the country’s operators expand.
Paradise Co. said gross gambling revenue rose 15.4 percent in October from the same period a year earlier, led by strong growth in gaming machines.
Las Vegas Sands and its Sands China unit are likely to dominate the market in Singapore and Macau for the next five years, according to a report from Bernstein.
Galaxy Entertainment held a press event in Osaka on Wednesday to make their local pitch, providing competition for MGM Resorts.
Asian governments are expected to eventually regulate online gaming, though lack of legislation is still a major factor holding back potential.
Melco Resorts & Entertainment and MGM Resorts are likely to have gained market share in Q3 as new properties ramp up, while Wynn Resorts and Galaxy Entertainment may have slipped due to their greater reliance on VIP, Bernstein analysts say.
The hike in the casino entrance fee for local Singaporeans is further deterring already declining visitation to the island state’s two integrated resorts by residents, analysts said.
Suncity Group said its working with the Chinese province of Chengdu to help promote the region’s food culture.
Melco Resorts & Entertainment partnered with Keio University to give more than twenty of the IR operator’s foreign executives a seminar on Japanese history, culture, and business practices. The seminar took place in Tokyo on September 14.
Goa’s Ports Department has been tasked with finding an alternative location for the state’s six floating casinos away from their current position in the Mandovi River, according to media reports.
The Commonwealth Casino Commission in the Commonwealth of Northern Mariana Islands will discuss an application for four new junket operators on Thursday, together with a contract extension for Imperial Pacific International’s (IPI) chairman.
The recent moves in the Asian affiliate space, including high-profile acquisitions and talk from some of the larger listed affiliates of entering new markets in Asia, might have observers believing the region is like any other, at least as far as affiliates...
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264