Dr Mario Hardy, CEO of the Asia Pacific Travel Association (PATA) talks with Asia Gaming Brief Managing Editor Sharon Singleton about his organization’s forecasts for tourism recovery in Asia. While at present, he sees the recovery at the medium to severe level of a three-stage scenario, there are bright spots, such as domestic tourism spending in the Philippines.
FBM has been developing its slots offer over the last three years, with operations established in Europe and North America.
This week a fresh scandal, unrelated to IR development, stripped the ruling coalition Komeito Party of its only lawmaker who was proactively and vocally in favor of casino legalization. This represents an indirect but still distinct blow to the industry’s future prospects at the national level.
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.