Asia Gaming Briefings – June 2021 Edition


IN FOCUS: Southeast Asia


Philippines, online

Philippines pushes forward online to contain Covid damage

For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines, which longer-term is still viewed as one of the most promising markets in the region. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
Cebu IR, philippines

Cebu short-term IR success hinges on locals

Cebu, with its white sand beaches and coral reefs, was one of the most visited tourism destinations in the Philippines in 2019 and has sparked the interest of integrated resort investors as a potential gaming hub.
Philippines, online gambling, lead

Asian jurisdictions eye Philippines online gambling lead

Other Asian jurisdictions are closely watching the Philippines’ efforts to bridge the land-based and online gambling divide with a view to following suit, while Nepal is likely to have its first online operator live within two months.
Resorts World Las Vegas

Will Resorts World light up the Strip?

Resorts World Las Vegas is scheduled to open this month and the company claims it will be the first “truly groundbreaking” resort in Las Vegas, set to become the first all new property in more than a decade to switch on the lights on the Strip.
Scott Sibella

RWLV to rev up post pandemic revival

Scott Sibella, president of Resorts World Las Vegas, speaks with Asia Gaming Brief about the upcoming opening of Resorts World Las Vegas, how he sees demand springing back after the pandemic and the likely revenue mix.

JURISDICTIONS UPDATES


macau, digital yuan

Digital yuan may create “sky’s the limit” casino market

As speculation about the introduction of the digital yuan in Macau increases, the focus is beginning to switch away from the negative impact on the junket industry and VIPs to the immense potential an e-currency may offer for the mass market.
China, domestic travel, demand

China domestic travel trends point to pent up demand

China’s domestic travel was almost back to 2019 levels during the Ching Ming Festival in April and the pent-up demand to venture overseas once restrictions are relaxed remains intact, says Professor Wolfgang Arlt, CEO of the China Outbound Travel Research Institute (COTRI).
Corona Phu Quoc

Locals program unlikely to be expanded, despite Covid

Although foreign investor interest is strong in Vietnam, the market is complicated, with government regulations mandating a minimum $2 billion investment, a figure seen as too high for a resort that will be wholly reliant on foreigners.
cambodia, nagacorp

Nagacorp faces labor challenge, expansion setback

Nagacorp, Cambodia’s largest casino operator, has faced a rocky quarter, with another shutdown, labour issues and a blow to its expansion plans. The group came under fire from labour unions over plans to cut jobs despite reporting a robust recovery after the first phase of the pandemic.
Hospitality industry faces staffing crisis

Hospitality industry faces staffing crisis

Australia’s hospitality and gaming industry is suffering from a labor shortage, which has been described as having hit “crisis” levels.
Crown Melbourne

What are the ups and downs for a Crown/Star marriage?

A combined entity consisting of The Star Entertainment Group and Crown Resorts would create a behemoth gaming enterprise not just in Australia, but in the wider Asia gaming market, though market observers have flagged a number of regulatory hurdles that could hinder it from ever becoming a reality.
Japan, sports betting, regulation

Will Japan score a home goal with sports betting regulation?

The prospect of legal sports betting in Japan has created a buzz in the global community, though industry insiders warn that...
Japan, Wakayama IR

Two locations left with sole bidders as operators exit

Wakayama’s IR bid appears to be on the ropes as the Suncity Group has withdrawn from the RFP process. This leaves the Wakayama RFP—which has been delayed for what until now had been unclear reasons—with only one remaining applicant.
Inspire Korea

Entertainment key to Inspire Korea

Mohegan Sun is confident that its entertainment-centric business model will help it succeed in South Korea’s notoriously volatile foreigner-only casino market. 

INDUSTRY OPINIONS


Sudhir-Kale
Sudhir H. Kalé, Ph.D.

Does the Crown/Star merger pass the Drucker test?

Peter Drucker was arguably the most influential management scientist who ever lived. In 1981-82, Drucker articulated his Six Rules of Mergers and Acquisitions. We shall look at each of these six rules and evaluate the proposed Crown-Star merger according to these rules.

 

Susan O'Leary, alderney e-gambling
Susan O’Leary, CEO, Alderney e-Gambling

Alderney: an online safe harbour amidst Asian market turbulence

Over the past 12 months we’ve witnessed a radical shift in Asia’s gaming landscape, highlighting instability across the market. With over 20 years’ experience of the eGaming industry, the Alderney Gambling Control Commission is well placed to assist Asian operators to navigate the ever-changing eGaming landscape.

 

LAST WORD


Sharon Singleton
Sharon Singleton, Managing Editor, AGB

Travel industry needs vaccine relief

Six months into the year and there’s still no visibility as to when international travel may be able to resume in Asia. As countries in the Western world gradually get back to normal life thanks to fast-tracked mass vaccination programs, rollout in Asia and other developing countries has been shockingly slow.

 

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