Kazuyoshi Nagashima, a former mayor of a small city and one-term House of Representatives lawmaker, is at present the only openly declared candidate for the July 30 election to become Mayor of Yokohama. His main campaign slogan is a succinct two words: NO CASINO!!!
Last year, incumbent Yokohama Mayor Fumiko Hayashi had repeatedly described locating an IR in the Minato Mirai district of her city as being “a powerful means of securing tax revenue” and even as “necessary for the sustainable development of Yokohama.” But within a couple of weeks of Nagashima announcing his candidacy in mid-January under the anti-casino banner, Mayor Hayashi changed her tune. She stated in a January 25 press conference that it would be “considerably difficult to make concrete moves” toward hosting an IR and declared that “it’s very important to have a policy to combat addiction; we need to examine this issue as the city...
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.
Genting Singapore expects a lacklustre year in 2021 as visitation to Singapore is likely to remain restricted and does not see a significant improvement from the results achieved in H2, 2020, Bernstein Research noted.
Gross gambling revenue in the Philippines rose 46 percent in Q4 from the prior quarter, though was still sharply down on the year before, according to figures from the Philippine Amusement and Gaming Corp. (PAGCOR).
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
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.