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Whilst global luxury sales fell as much as 20 percent in 2020, China's luxury market bucked the trend, growing a whopping 50 percent in the same year to around CNY356 billion (US$55.2 billion), according to reports.
The use of the digital yuan as a valid currency in Mainland China has been seen as a potential "game-changer" for Macau by overhauling its cross-border payment systems, which would significantly reduce the need for junkets, according to industry observers.
Whilst first quarter GGR in 2021 still showed negative year-on-year growth, the truth is that the Macau gross gaming revenue recovery is well and truly underway.
This week's 'By The Numb3rs' examines the under-reported casino cruise industry in Asia. While land-based casinos suffered during the covid pandemic, the damage was far greater for casino cruises, which were docked for months on a global scale.
This week's "By The Numb3rs" compares the change in land-based casino gross gaming revenues (GGR) across five key gaming jurisdictions in Asia-Pacific.
The Lunar New Year period, which is known as the largest annual migration in the world, was a shadow of its former self, with strict rules in place to restrict the flow of Chinese outbound (and domestic) travel this year.
This week, we explore the findings of the recently released Pacific Asia Travel Association (PATA)'s Asia Pacific Visitor Forecast 2021-2023 report, which identifies three scenarios of growth and recovery for international visitor arrivals (IVAs) to and across Asia.
The difficulty in locking down what is allowed or prohibited in India is largely centered around each state government's definition of what is gambling and what is a game of skill. Poker is one such game constantly finding itself on either side of the fence, depending on the jurisdiction.
Earlier this year, Frederic Winckler, an Exec VP/Chief Marketing & Brand Officer at Melco Resorts & Entertainment talked about sustainability as one of three key focuses for the integrated resort operator over the coming years.