The Macau economy is expected to grow by some 35 percent in 2021, following a 50 percent contraction in 2020, ratings agency Fitch Ratings indicated in a report.
Three Macau operators have suspended customer services operations in Mainland China for fear of falling foul of a new law that makes it a criminal offence to lure Chinese to gamble outside of the country. There is some ambiguity as to whether Macau would be considered as outside of China's borders.
Bloomberry Resorts' Solaire Resort & Casino is marking its eighth birthday, with Chief Operating Officer Thomas Arasi saying that the "challenges we faced have made us more resilient during great adversity and uncertainty."
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.
