Through government action and a cultural norm of wearing face masks when ill, Cambodia has seen few get sick during the Covid-19 pandemic. According to the World Health Organization, Cambodia has 275 Covid cases and zero Covid-related deaths as of the last week of September.
However, the pandemic has had an impact on Cambodia’s economy. Cambodia has been one of the fastest growing economies in the world, with annual GDP growth between 6 percent and 7.5 percent since 2009. But the Asian Development Bank estimates GDP will contract 5.5 percent in 2020; reversing gains made in combating poverty.
In 2008, 47.8 percent of the population lived below the poverty line, declining to 12.9 percent by 2018. The Asian Development Bank estimates the contraction will push around 20 percent of the population below the line in 2020.
The decision to close the country’s casinos limited Covid’s spread but impacted the economy because tourism...
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.
John English, CEO of Webe Gaming and partner with Global Market Advisors, discusses the rise of sports betting and online gaming and how Covid-19 has acted as a catalyst for widespread online acceptance in the U.S. He also discusses prospects in Asia and welcomes positive noises from India about the possibility of legal sports betting.
SimplePlay is going to celebrate Christmas with its clients by giving out free spins to their players! From 21 December, the slot provider will be giving out a total of more than 80,000 Free Spins to players round-the-clock for 7 days.
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.