Asia Gaming Briefings – April 2021 Edition


IN FOCUS: North Asia


South korea

Taking the N. Asian market pulse: Is Korea flatlining?

Covid-19, trade tensions and China’s battle against capital outflows have all had an impact on Asia’s gambling jurisdictions in one way or another, with some significantly losing their appeal and others showing surprising resilience.
south korea

Japan’s VIP challenge

VIP play had been projected to be a major segment of the potential overall Japanese gaming market, but a lot has changed since the law permitting integrated resorts was passed in 2018.
Japan, online gambling

Online gambling sees quiet explosion in Japan

Largely ignored by the media and the policymakers, Japan has clearly entered an era of explosive growth for online and mobile gambling.
south korea, limbo, gambling

South Korea loses allure, leaving projects in limbo

South Korea, which attracted significant interest when it first opened for foreign investors, is now seen as holding limited appeal unless the government agrees to relax its stance on local gaming.
Primorye, gambling zone, russia

Primorye projects saw “major 2020 progress,” officials say

Officials in the Primorye gambling zone have been on a public relations blitz in recent months, highlighting how projects are now pushing ahead and stressing there is no change in the long-term plans for 12 casino complexes.
live casino innovation

Pandemic sparks live casino innovation

The closure of physical casinos and suspension of sports tournaments in 2020 resulted in a banner year for live casino products. Experts believe that even as we return to normality, the live casino boom will be far from over. 

JURISDICTIONS UPDATES


macau, operators

Operators back in the black and seeing market improvement

All but one of Macau’s six concessionaires posted a return to positive EBITDA in Q4 and are seeing more meaningful signs of market recovery.
Jennifer Song, morningstar

Morningstar takes the Macau market pulse

Jennifer Song, equity analyst with Morningstar, spoke with Asia Gaming Brief managing editor Sharon Singleton about visitation to Macau during the recent Chinese New Year period and the outlook for recovery. The longer-than-usual May holiday may be a key catalyst for growth.
Crown resorts

Crown fallout unlikely to prompt national regulation

The report to the New South Wales Independent Liquor and Gaming Authority of the Bergin Inquiry into the suitability of Crown Resorts and its in-scope associates, in connection with its Barangaroo casino licence, has energised the discourse regarding the regulation of gaming in Australia.
Avril Baynes

Playing It Safe at Darwin Casino Resort

Avril Baynes, a resident of Australia’s Northern Territory for three decades, was appointed general manager of the Mindil Beach Casino & Resort in Darwin in November 2020 with a mandate to lead the facility through and beyond the era of the Covid pandemic.
china, trade war, australia

Clouds over VIP gaming amidst trade war, Crown debacle

Outside of the global pandemic, the trade war between Australia and China is casting another dark shadow over Australia’s already-strained VIP gaming industry, prompting operators to start looking elsewhere for recovery.
thailand, casinos

Casinos still seen as a pipedream

News last month that Thailand may consider legalizing gambling has been met with scepticism by those who know the market well, with most saying casinos are not likely to open in at least the next decade.
POGO, philippines, stable

POGO sector seen as stabilizing

The outflow of online gambling operators from the Philippines is expected to slow, at least for the time being, following amendments to tax regulations and due to uncertainties in neighbouring jurisdictions.
joe pisano, jade entertainment

Jade CEO talks diversification, India and opportunities in the Philippines

Twelve months ago, Jade Entertainment and Gaming Technologies was primarily a land-based gaming supplier, based in the Philippines. Then along came Covid-19, which forced the company to swiftly change tack and reinvent itself over the course of the year.
Mario Hardy, Pacific Asia Travel Association

PATA CEO sees slow recovery, but optimism for future

Pacific Asia Travel Association (PATA) CEO Dr. Mario Hardy sees a slow recovery for Asia’s tourism markets, though remains optimistic about the future of travel.
Sihanoukville

Online gambling quietly flourishing in Sihanoukville, supporting casinos

Just over a year after Cambodia announced a blanket ban on the country’s thriving online gambling scene, the industry is quietly flourishing in Sihanoukville.

INDUSTRY OPINION – Sudhir H. kalé


LAST WORD – Sharon Singleton


Sharon Singleton

Looking for silver linings

It’s a term that’s frequently over-used, but if you were a land-based gaming operator in Asia last year, it truly was an “annus horribilis.”

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