Cambodian casino operator NagaCorp continues to be optimistic about the ASEAN travel bubble that is currently being considered by the country’s Ministry of Tourism.
In an annual report from NagaCorp released this week, the operator noted that the tourism minister in August made mention of the travel bubble between “ASEAN Plus Three” countries, which include Brunei, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Myanmar, the Philippines, Singapore, South Korea, Thailand and Vietnam. It also includes China, Japan and South Korea.
However, authorities earlier this year said the timeline of the travel bubble had not yet been determined.
China's efforts to stamp out cross border gambling are showing no signs of abating, with the Chinese Minister of Public Security, Zhao Kezhi, saying that the strictest measures are needed to eradicate the practice.
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.