It’s not the first time we’ve had cause to write about the impact of politics on Asia’s gaming industry and it’s unlikely to be the last.
Over the past two years the gaming news headlines have been dominated by the fallout from Beijing’s decision to crackdown on corruption, triggering a collapse in Macau’s VIP industry which was mostly divorced from the laws of supply and demand.
This time the shadow of political change is hanging over the gaming sector of Australia.
At the time of writing, the ultimate conclusion to Australia’s election is still unclear, but what looks certain is that committed anti-gambling campaigner Nick Xenophon will have a strong influence, possibly in both the Senate and the House of Representatives.
He made his name crusading against gambling and this still forms a significant part of his policy platform. He has been particularly harsh on corporate bookmakers, who he claims are getting away...
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.
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
China lottery company 500.com said Zhaofu Tian has resigned as Chief Technology Officer due to personal reasons, effective December 31. The company has no plan to appoint a successor at this point.
Analysts have turned more upbeat about the prospects for Malaysia’s gambling operators, despite a recent upswing in new Covid-19 cases, saying the sector is good value as stocks are still down between 15 to 26 percent on the prior year.
Frederic Jean-Marie Winckler, executive vice president and chief creative and brand officer of Melco Resorts & Entertainment, talks with Michael Penn, executive editor of AGB Nippon, about the future of the luxury market in Macau and beyond. Among the topics addressed are the growing importance of digitization and the direction of luxury trends within the premium mass segment.
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.
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
