The Coronavirus, now renamed as Covid-19, has devastated the near-term outlook for Asia’s casino operators, though analysts still expect demand to snap back sharply once the outbreak is under control. The big question is when that might be.
China this week changed its diagnostic procedures, resulting in a spike in the number of confirmed cases and clouding the picture as to the extent of the disease. As of going to press, there were more than 60,000 confirmed cases, causing 1,369 deaths.
Macau’s government is mulling an extension to the closure of its casinos, which may come as soon as Friday, while Hong Kong has ordered schools to remain closed, now until March 16. Travel restrictions remain in place across the region for travellers from China, Hong Kong and Macau, while the Philippines has added travellers from Taiwan to its ban. Australia has a ban on non-residents who have travelled through China,...
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Ankush Gera, founder and CEO of Junglee Games, talks with Asia Gaming Brief Managing Editor Sharon Singleton about the growth of the skill-based gaming market in industry in India, some of the regulatory and operating challenges and what’s driving growth.
The Myanmar military-backed Karen State Border Guard Force says it has “withdrawn” its numerous resignations over the weekend, following the military’s request for a rethink. The issue is related to the Shwe Kokko new city development, which includes casinos.
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.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.