Friday, March 29, 2024

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Daily Asia Gaming eBrief: Cambodia bets big on Chinese tourism

China is actively encouraging investment in and the development of Cambodia, notes an expert, pointing out that increased flights between the nations and the build–out of airports will further strengthen tourism and business. The nation's gaming industry could, however, be facing heavy competition in the near future, as Thailand aims to steal the regional gaming crown.

Cambodia bets big on tourism despite yet having visa-free policy with China: Insider

Tourism is a “major focus” of Cambodia under the new leadership of the country’s Prime Minister Hun Manet, as the Southeast Asian country has “set up many initiatives to attract Chinese, not just Chinese tourism, but in general, all tourism to Cambodia,” notes gaming expert Daniel Li in an interview with AGB.

“Overtourism” concern leads Osaka to consider taxing inbound tourists 

The governor of Osaka Prefecture stated on Wednesday that they are considering implementing a fixed fee for foreign visitors, potentially aligning it with the commencement of the World Expo in western Japan in April 2025.

Singapore’s tourism growth to slow amid elevating competition: Insider 

Singapore is expected to experience a slowdown in tourism and gaming in 2024 due to escalating competition in the region, says Tradeview Capital Sdn Bhd CEO Ng Zhu Hann.

Macau’s GDP grows 80.5% in 2023, driven by tourism and gaming

Macau’s GDP experienced a remarkable 80.5 percent year-on-year rebound last year, propelled by the flourishing tourism and gaming sectors.

Daily Asia Gaming eBrief: Malaysia tourism sector to excel in 2024

Tradeview Capital Sdn Bhd CEO Ng Zhu Hann believes Malaysia's tourism market will outperform its ASEAN competitors in 2024. In an interview with AGB, Ng commented that thanks to mutual visa-free entry for Malaysia and China, along with the historically low ringgit, the country’s tourism market is expected to excel this year.

Singapore Tourism Board, UOB, MBS, launch over 50 Marina Bay Experiences

The Singapore Tourism Board, Marina Bay Sands & UOB have unveiled a collection of new experiences for local visitors and international tourists.

International tourism expected to return to 2019 levels by year-end: UNWTO

Data released by the United Nations World Tourism Organization (UNWTO) indicate that international tourism figures for 2024 are poised to reach pre-pandemic levels.

Prospects for Philippine stocks in 2024 boosted by gaming and tourism optimism

In an optimistic outlook for the Philippines stock market, the investment banking arm of the Metrobank Group, First Metro Investment, is expressing bullish sentiments on gaming and tourism, foreseeing positive trends as inflationary pressures subside, albeit with some reservations about weak market volumes.

Daily Asia Gaming eBrief: Outbound China tourism recovery good news for Genting

Genting operations in Malaysia and Singapore 2024 are poised to get a shot in the arm from the recovery in the Chinese outbound tourism market. Analysts from Hong Leong Investment Bank Research and Maybank see the group’s Resorts World properties getting back or exceeding pre-pandemic revenue figures.