Cambodia and Macau are expected to lead the recovery in Asia-Pacific gaming this year, trailed by Singapore and the Philippines, according to a report from Colliers International. Cambodia's gross gambling revenue may hit 60 percent of its pre-Covid base.
Fitch Ratings predicts a slow return in international tourism flows across the Asia Pacific to begin in 2H21, but arrivals will remain well below pre-pandemic levels and projections will depend on virus containment and effective vaccine distribution.
NagaCorp’s US$350 million Angkor Lake of Wonder project has drawn eyes narrowed in suspicion from the United Nations’ cultural agency UNESCO.
China’s ongoing crackdown on casinos and junkets targeting its nationals may have long-term implications for the industry in Asia and force changes in the business models of many of the region’s integrated resorts.
Century Entertainment said the expected start of table games operations at a new casino in Dara Sakor, Cambodia, has been delayed until March, in part due to Covid-19-related delays to the delivery of essential equipment, such as surveillance cameras.
NagaCorp said it's adopting a share award scheme of as many as 55 million shares to attract and incentivize key employees.
Donaco International said it turned EBITDA positive in the December quarter, helped in particular by its Star Vegas property, which is focusing on attracting clients from the local region. Revenue was A$6 million, down from $16.8 million the prior year.