August 2016

Diverging paths raise questions about future direction

SPECIAL FOCUS: Melco Crown marraige on the rocks?

AUSTRALIA: Industry laments missed opportunity in new online rules

HONG KONG: HKJC turns to tech in race to woo millennials

PHILIPPINES: Assessing the potential of island life

VIETNAM: Regulatory logjam breaks

Vietnam’s long-delayed draft casino bill has finally been submitted to the government in a move many in the industry say will be a game changer for the country’s gambling industry. 

Cambodia is benefiting from the downturn in Macau and is likely to be the best-performing VIP market in the world in 2016, according to a report from Morgan Stanley.

After a disappointing year for South Korea’s foreigner-only casino operators in 2015, this year appears to have got off to a better start, though analysts remain cautious.

Despite the high-profile launch of Summit Ascent’s Tigre de Cristal in Primorye last year, Russia’s gambling zones appear to be struggling. Samoil Binder, Deputy Head of the Russian Association of Gambling Business, called the situation “deplorable.”

Genting Malaysia, the country’s only casino operator, is ramping up preparation works as it prepares to begin rolling out the frst stages of its RM10.38 billion ($2.46 billion) Genting Integrated Tourism Plan for the second half of this year.

The Philippines was one of the best-performing casino markets around Asia in 2015, defying the regional slump to post a 17 percent increase in gross gaming revenue. Most of the focus has been on the multi-billion dollar resorts springing up in Manila’s Entertainment City, but industry experts say there’s plenty of opportunity outside of the capital.

The UEFA Euro 2016 soccer championship looked set to fuel a spike in gambling among Thai youth, despite a police crackdown and a government campaign to discourage illegal gambling.

What do virtual reality, touchscreens and social media have to do with the future of racing? According to experts, it’s this type of technology that could be key to ensuring the “old fashioned” sport of racing keeps up with the times, and as usual the Hong Kong Jockey Club is leading the way.

Macau’s tourism development master plan, which aims to transform the VIP gaming hub into a mass market, diversified leisure destination, forecasts as many as 40 million tourists a year by 2025.