The runway is finally clear for Crown Resorts to open up its Sydney gaming rooms after receiving in-principle approval from the NSW regulator yesterday.
Ben Lee, managing partner of iGamiX Management & Consulting speaks with Asia Gaming Brief Managing Editor Sharon Singleton about how China’s new criminal law may affect Macau and its junkets. He also talks about the increasing chatter about the introduction of a digital yuan in Macau, which could trigger explosive growth in casino revenue.
Ben Lee suggests that Macau might switch over its local economy, including its massive casinos, away from the Pataca or Hong Kong Dollar to the Digital Yuan. He sees this as an “elegant solution” for many of Macau’s economic challenges, and one that still leaves important roles for the junket industry as well.
Felix Ng -
The latest developments in relation to Macau’s gaming concession retendering process has given a chance for Beijing to “reset the table” in respect to the makeup of Chinese vs American casino companies in Macau.
Macau’s highest court has dealt a significant blow to the city’s ailing VIP market in a ruling that is likely to hasten the demise of the sector, says Ben Lee, managing partner of IGamiX Management & Consulting.
South Korea's foreigner-only casinos have been in a "world of hurt", and are likely to continue to do so for several more years, says industry consultant Ben Lee.
There has been a disconnect between the number of incoming tourists and gross gambling revenue, signaling a changing demographic amongst the Mainland Chinese visitor to Macau, says Ben Lee, managing partner of iGamiX Management and Consulting.