The attack on Resorts World Manila, a likely public smoking ban and a proposed casino entry fee are putting pressure on the Philippine gambling industry.
It was the best performing in Asia in 2016 and had been tipped for another year of strong growth.
However, the recent attack on Resorts World Manila, a likely blanket public smoking ban, and plans to introduce a PHP3,000 (US$60) casino entry fee may negatively impact visitation and revenues.
Smoking bans have historically had a negative impact when they have been introduced elsewhere, while the attack hits a country that has long struggled with a perception that it is not safe.
President Rodrigo Duterte announced a draconian nationwide ban on smoking in public places in May, including vape cigarettes, alarming the local casino industry. However, as yet, details are thin on the ground as to what form the ban will take, or whether the government would consider Macau-style...
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.
On 3 April 2020, the Ministry of Home Affairs of Singapore (MHA) announced that it will be reconstituting the Casino Regulatory Authority (CRA) to establish the Gambling Regulatory Authority (GRA) by 2021. The GRA will have an expanded mandate to regulate the entire gambling landscape in Singapore and aims to consolidate and optimize gambling regulatory resources within a single agency.
The Macau Civil Servants Association has urged Chief Executive Ho Iat Sent to encourage the other five gaming operators to follow SJM Holdings in providing a "reward" to employees early in the New Year.
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.