October 2015

The summer of 2015 will go down in the history books as a starkly turbulent period for China. The Asian powerhouse’s economy has stumbled, with trillions of dollars wiped off Chinese shares after a series of stomach-churning plunges.

Europe could be the beneficiary of Macau’s ongoing struggles as casino and junket operators eye investment opportunities on the continent in a process which has already seen Australia, Cambodia and Vietnam dramatically grow their gaming sectors.

Typhoon Soudelor, which slammed into the Commonwealth of Northern Mariana Islands in August, has dealt a heavy blow to the tourism industry there and put the survival of its struggling casino at risk.

Typhoon Soudelor, which slammed into the Commonwealth of Northern Mariana Islands in August, has dealt a heavy blow to the tourism industry there and put the survival of its struggling casino at risk.

SkyCity Entertainment, which operates six casinos in Australia and New Zealand, says it plans to focus on its business in New Zealand for future growth and isn’t looking at acquiring new properties in the increasingly competitive Australian market.

Echo Entertainment, which beat a consortium of Greenland and Crown Resorts to redevelop the Queen’s Wharf in Brisbane, says the gap between actual visitors to Australia and those who place the country at the top of their aspirational list shows the enormous potential for Asian tourism.

Poker is booming in India, though regulatory uncertainty, a lack of infrastructure and high taxes, are keeping the market from achieving its full potential, experts say.

As casinos across Asia report half-year results, Naga Corp, the operator of Cambodia’s NagaWorld, has emerged again as a bright spot in Asia’s casino industry.

One of Vietnam’s largest casino projects has a new lead investor. Hong Kong conglomerate Chow Tai Fook has increased its stake in the long-delayed Nam Hoi An Casino Resort, buying up former lead shareholder VinaLand’s stake.

Singapore’s steady but sure gambling revenue is under pressure as regional currencies depreciate against the island-state’s dollar and the local and Chinese economies weaken.

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