South Korea wants to turn the area near Incheon International Airport into a version of Manila’s Entertainment City, but its vision is at risk from competition from Japan.
In December, the Incheon Metropolitan Government reaffirmed its optimism that the Yeongjong-do Integrated Resort Cluster Project will become a “hub of culture and tourism industry in North Asia,” with the potential to create some 20,000 jobs, generating economic benefits of about $1.68 billion annually.
However, at the G2E @ the Philippines trade show in Manila in late 2019, Nicholas Kim, project director of the Incheon Free Economic Zone, observed that before Japan opened the door to IRs, global operators lined up by the dozens in response to requests for proposals in Incheon. Now, he said, the IFEZ has to wait days or weeks for one or two expressions of interest.
Kim said South Korea has about 65 percent of an anticipated $10 billion in...
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
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.