Crown Resorts confirms that the seventh review of its suitability to hold a casino license in Victoria will not proceed as scheduled due to a separate Royal Commission probe into its business practices.
The Australian media has highlighted the possibility that Blackstone’s bid for Crown Resorts could lead to the possibility of the gambling empire being broken up and sold in its constituent parts.
In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.
