Macau's mass gaming market is likely to grow in the high single digits from 2022 once the pandemic eases, but growth going forward will depend on the ability to bring new attractions and products online, industry experts on a gaming panel said.
Bobby Soper, the newly appointed international president at Mohegan Sun, talks to Asia Gaming Brief about the group’s vision for its resort in Incheon, South Korea and aspirations for a license in Nagasaki, Japan. He says the group’s entertainment-focused, non-gaming model will help to cushion Mohegan from the notorious volatility in South Korea’s foreigner-only casino market.
Melco Resorts & Entertainment has indicated that its popular House of Dancing Water attraction will remain closed for the next several months and will not resume operations in January as planned. The problem relates to the departure of critical staff and performers who are foreign nationals.
Primorsky Krai Development Corporation JSC has highlighted its plans for a 360 hectare set of non-gaming facilities to accompany the developing gaming zone in Muravyinaya Bay. They also said that a South Korean group is planning a US$300 million golfing club.
This pandemic has changed the lives of many Macanese and millions of others globally. In this part of the world, we have moved from controlling its proliferation to managing a potential deep economic fallout as a result of it.
Macau’s operators have stepped up their corporate social responsibility (CSR) efforts in recent years, in particular when it comes to China cultural cooperation, which may help their case when it comes to concession renewal.
At the time of its handover to China in 1999, Macau’s transition from a colonial outpost to a semi-autonomous global gaming powerhouse was far from assured.
The 1999 handover and casino liberalization policy put in place a new phase of development for Macau. All six casino licenses are soon set to expire and once the retendering process has been enacted, Macau will enter a crucial next phase.
Sands China is adding to its non-gaming attractions with a digital-only museum that it describes as a “body immersive” experience.
The Macau government says it hopes to improve the quality of modern gaming tourism building clusters and facilitate the development of non-gaming elements over...