March 2017

Philippines - Will growing competition crimp growth?

MALAYSIA: Strategic plan gains momentum

VIETNAM: Foreign interest gains on local prospect

LAOS: Savan Legend eyes expansion

SAIPAN: Typhoons and topsoil blamed for delays

SkyCity Entertainment Group, New Zealand’s only listed casino operator, is seeing growth in its domestic operations, although its international business has been hit by a drop in VIP traffic.

Recent photos of the construction site for Imperial Pacific’s eagerly awaited report on the island of Saipan cast considerable doubt on the possibility for any kind of opening in the first quarter of this year, as was initially planned.

Crown has recently re-focused its efforts on expanding its Australian business in the wake of the Chinese VIP crackdown and the arrest of 18 of its employees on “gambling related” charges.

The Philippines is expected to be one of the strongest growing gaming markets in Asia again in 2017, driven by another major opening in Manila’s Entertainment City, however growth is expected to slow over the longer term in the face of greater regional competition.

Genting Malaysia, the country’s only casino operator, reported robust results for 2016, despite disruptions from ongoing construction to upgrade its resort and challenging economic conditions at home.

 

Record high tourism arrivals are not feeding through to the bottom line of Singapore’s two casinos, with gross gambling revenue expected to be flat for 2017.

Macau Legend has big plans for Laos after its $42 million purchase of Savan Vegas, but the Laos market remains volatile and somewhat hostile to foreign investment.

International casino operators are reportedly taking another look at Vietnam in the wake of newly introduced gambling legislation, while existing operator Donaco International is reporting a much improved performance.

After a bitter final debate at the national level, the government finally passed a bill legalizing casinos. Now the discussion of the switches to the local level as regional administrations debate the pros and cons of hosting integrated resorts in their municipalities.

Russia’s southern and western gaming zones have seen a flurry of activity over the past few months, while reports have emerged of new areas being considered for casino investment.

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