Landing International has issued a profit warning to the effect that the firm expects “to record a slight decrease in consolidated revenue of approximately 3 percent and a decrease of approximately 10 percent to 20 percent in consolidated net loss for the year ended 31 December 2020 as compared with the previous financial year.”
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.