Australia-listed Donaco International, which runs the recently revamped Aristo International hotel in Northern Vietnam, has been betting on smaller players to help counter any downturn in the number of China VIPs.
Russia’s renascent casino industry, which was shuttered in major cities in 2009 as a result of a presidential decree, is under threat again, this time from government efforts to extract more gambling revenue.
Seoul’s plans to boost tourism through more integrated resorts were dealt a blow by collapsing Chinese VIP revenue, with interest in the South Korean market shrinking in tandem with the mainland retreat.
Malaysia’s only licensed casino operator, Genting Malaysia, is doubling down on its bet on the domestic market, despite a sluggish economy. Analysts say an investment plan to revamp facilities at its flagship Resorts World Genting will be the main catalyst for the stock performance.
2015 was a dismal year for stocks in Philippine casino companies, even though the local market was likely the best performing in Asia in terms of gross gambling revenue. This year, the picture may be brighter.