The fallout from the inquiry into Crown Resorts’ suitability to hold a license in Sydney may have ramifications for the entire industry in Australia, including tighter regulation, Fitch Ratings said in its 2021 outlook.
The focus for regulators is likely to be on the international and VIP segment, it said. However, Australian operators get about 80 percent of their business from the domestic market, which will limit the impact of any changes on casino credit profiles.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Sands China volunteers and local community groups recently worked together at The Venetian to build 40,000 hygiene kits for Clean the World, an international social enterprise that provides hygiene supplies essential for good health to populations in need around the globe, helping prevent the spread of disease.
The Standing Committee of China's National People's Congress wound up its session in Beijing on Saturday, passing Amendment XI to its criminal law, which brings into effect stiff penalties for gambling.
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.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.