Good Morning. Vietnam’s VIP clubs, hosted in five-star hotels, are often overshadowed by news from the country’s large integrated resorts. Tim Shepherd, director of Fortuna Investments, tells us these clubs have a bright future as the country’s expatriate workforce expands. On this week’s Face-to-Face interview Shepherd sheds some light on the Imperial Pacific auction imbroglio.
What you need to know
The amendments to Macau’s gaming law reduce regulatory uncertainties and are therefore a credit positive for the listed gaming operators, Moody’s said in a note.
Visitor arrivals to Macau rose 30.7 percent in 2021 from the prior year, however the numbers were down 80 percent from their pre-pandemic levels, according to the Statistics and Census Service.
On the radar
- Vietnam aiming for full border reopening for tourists from end-April.
- IGT announces executive team and board reshuffle.
What the papers say
- Vietnam aiming for full border reopening for tourists from end-April.
- IGT announces executive team and board reshuffle.
AGB Intelligence
FACE-TO-FACE
Vietnam’s VIP clubs poised for growth as investment flows rise
Vietnam is expected to be a key beneficiary of manufacturing migration out of China, which will bring with it expatriates looking for entertainment. In this week’s Face-to-Face interview, Tim Shepherd, director of Fortuna Investments, outlines the potential drivers for the country’s VIP clubs and why they are poised for a bright future. He also talks about the stalled auction of Imperial Pacific International’s gaming assets on Saipan after a white knight rode to the rescue…at least for now.
Industry Updates
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