Good Morning. Too much of a good thing. That’s what an expert says Vietnam is experiencing in regards to slot clubs. Due to the country’s evolving gaming regulatory framework, clubs have flourished, but took a nosedive due to the pandemic. Now, despite a ‘saturated’ environment, an expert notes that manufacturers could seize the opportunity, as many need to revamp their gaming floors. Meanwhile, in the Philippines, offshore gaming operators are the cause for a surprising liaison with China – with both nations aiming to combat POGO-related crimes.
What you need to know
- Despite Vietnam’s gaming sector nearing saturation, investor Tim Nguyen sees investment opportunities amid oversupply and competition.
- The Philippines and China have reaffirmed their commitment to combat crimes related to Philippine Offshore Gaming Operators.
On the radar
- South Korea’s GKL sees 7.4% drop in gaming revenue in 1H24.
- Paradise Co. forecasts steady growth with new offerings.
- US tax authority: Northern Marianas regulator owes $5.8M in unpaid taxes.
- PH Police to offer protection for officials threatened after POGO crackdown.
- Appeal by Suncity Group’s Alvin Chau rejected, upholding 18-year jail term.
AGB Intelligence
VIETNAM
Opportunities still possible, despite market saturation
Vietnam is currently suffering from an oversupply of gaming clubs, not casinos, which feature gaming machines instead of classic table games. Due to Vietnam’s gaming framework, the clubs are allowed to operate without needing a casino license, enhancing competition. But opportunities are also available for those wishing to invest in clubs down on their luck, or for manufacturers hoping to help revamp gaming floors grown stale.
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