Navigating Indochina’s investment risk

Vietnam Ha Long Bay
Vietnam Ha Long Bay

Indochina’s casino markets continue to present robust growth, providing significant investment opportunities for operators with a strong appetite for risk, but they are also likely to need deep pockets as established capital markets are wary of these grey jurisdictions. “Given double-digit growth in gaming revenue across the Indochina region, which outpaces major markets such as Macau and Singapore that are facing low gains to declines, the appeal for investors is high,” says Margaret Huang, global gaming and lodging analyst for Bloomberg Intelligence. “For instance, Vietnam, which rolled out new regulation to cover its casino and sports betting industries a couple of years ago, has witnessed an influx of overseas investment.” Governments in Indochina do not provide annual figures for gross gambling revenue, though Cambodia has said it collected $46 million in casino taxes last year and it expects that number to jump to $70 million in 2019, giving an indication of...

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