Macau needs to recognize that tourism may not easily recover to pre-pandemic levels and needs to be able to turn to technology to help maintain revenue, such as online gambling, according to a study from leading academics.
With their large development areas and “room for interpretation” of the 3% rule provided in the latest regulation draft, Japan’s casinos “may end up as some of the largest in the world,” according to the latest analysis of Joji Kokuryo, managing director of the Tokyo-based gaming consultancy Bay City Ventures.
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.