Gambling growth posied for Southeast Asia

What kind of trends do you foresee in South East Asia over the next few years?

We believe that Chinese tourism expenditure will continue to be a key driver of gaming performance in Southeast Asia. At the same time, mass-market gaming tourism will continue to grow in the region, including Macau.

Looking at specific regions, we believe that visitor arrivals at Resorts World Genting will likely grow in 2018 with more attractions opening this year. Integrated Resorts (IR) in Japan could drive capex after 2019 if the IR implementation bill is passed in 2018, and the growth of the casino and gambling industry in Philippines will be supported by the recent trends, such as the integration of casinos, hotels and resorts for cross business growth and improvements in airports (Clark and Subic) and infrastructure (skyway access roads).

Rising demand in online betting and an increasing number of non-junket services will also contribute to the growth of the industry in Philippines. This is despite the recent pronouncements made by PAGCOR on imposing a moratorium on new casinos.

Vietnam will also see gambling growth, with the recent enactment of laws that legalize casino operations in Vietnam, allowing locals to gamble. This paves the way for the establishment of IRs in Vietnam.

How is your company responding to these trends?

Jade recently established an office/entity in Malaysia that will cater to the needs/requirements of Resorts World Genting. We also are looking to establish another base in Vietnam in 2018 to cater to Vietnam casinos’ growth/expansion. Finally, we’re also expanding our strategic partners base with the entry of PaddyPower and FSB, among others, that will cater to the market potential of sports/online betting.

What products are you currently offering in the Philippines / Asia?

Jade offers a wide range of products and services to the Pan Asian gaming market, these products include the complete range of:

  • Novomatic products including slot machines; electronic table games; absolute vision products
  • Apex slot machines and ETG’s
  • Walker Digital table solutions in the Philippines and service in Malaysia
  • NRT redemption kiosks
  • Miwa locks
  • FSBtech sportbook platform
  • Sportsbetting powered by Paddy Power
  • JCM Service centre for Philippines and Malaysia
  • Equipment leasing
  • Graphic controls TITO paper
  • Optium Ebingo machines

 What have been the biggest developments in Asia for you in the past year?

 Vietnam opened its doors to gambling when its Government recently issued Decree No. 03/2017/ND-CP in 2017. The decree, which took effect on 15 March 2017, allows casino operations in Vietnam, including the operation of gambling machines and gaming tables subject to compliance with certain business conditions.  

Decree 03 sets out specific conditions in obtaining a casino license. It also provided a pilot scheme where Vietnamese citizens may gamble in some casinos that are located in tourism complexes and entertainment facilities.

Another decree was also enacted in Vietnam in 2017. Decree 06, which permits betting in horse racing, greyhound racing and international football matches. The new decrees are expected to pave the way for increased domestic and foreign investments in Vietnam’s gambling industry.

  • Issuance of POGO licenses in Philippines
  • Continued growth/expansion of RWG with the opening of Sky Casino.
  • Macau gambling industry posted growth after revenue dropped to five-year lows during a central government campaign from 2014 against shows of wealth among public officials and likewise during the time when China’s economic growth was also slowing down.

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