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ETG growth to slow through to 2018

While a wave of new casino openings boosted ETG growth over the last twelve months, Union Gaming analysts expect this momentum to slow through to the end of 2018.

According to the analysts, around 1,200 ETGs were added last year, totaling up to an estimated 14,000 ETG seats.

Manila saw a 78 percent increase in ETGs in the year, while Macau and Singapore saw a 17 percent and 10 percent growth in ETGs respectively.

However, as fewer casinos are expected to open over the next 24 months, Union Gaming says it forecasts a more modest growth in ETG seats.

“Based on expected opening dates of the resorts still under construction, we estimate 1,150 new ETG seats through the end of 2018.”

Of the 1,150 new seats, around 65 percent will come from just three properties, MGM Cotai, Jeju Shinwa World, and Grand Lisboa Palace, said the brokerage.

On the other hand, Union Gaming notes that momentum will likely build up again after 2019 with the openings of new properties in Vietnam, Vladivostok, Manila, Incheon, and Jeju.

“In addition, we would expect Japan to be a significant ETG market although that is likely five years away at this point,” added the brokerage.

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Chinese tourism expenditure is expected to drive gaming performance in South-east Asia, with mass-market gaming tourism looking to continue growth, wrote a report from Fitch Ratings on Tuesday.

South East AsiaThursday, Sep 28, 2017

EveryMatrix has announced the appointment of Johan Westberg as head of sales in Asia.

South East AsiaTuesday, Sep 19, 2017

Football matches in Asia have a higher tendency to be flagged for suspicious betting, according to football betting and integrity experts.