There has rarely been a less edifying spectacle in 21st century corporate Australian history than the serial evisceration of the directors of Crown Resorts before the Bergin Inquiry into, among other things, the suitability of its subsidiary licensee of the Barangaroo casino.
The question of the fast-looming deadline for expiry for Macau’s gaming concessions was given a thorough airing by a panel of experts Thursday night, with the majority coming down in favour of the government deciding to maintain the status quo and number of operators.
With multiple new destinations opening up over the coming years, Asia’s casino space will have a very different feel in the 2020s. Of course, new regulation and developments do not occur in isolation. Existing markets – not least Macau – will be watching on very carefully for both competitive threats and potential opportunities. As the […]
When the 10.5 million-square-foot Venetian Macao opened its doors in 2007, it upped the ante on the scale of casino developments and helped inspire Singapore, Korea and others to undertake major IR projects. More than a decade on, and with Japan poised to follow a similar path, Asia’s emerging casino markets are left wondering if […]
Silver Heritage said Richard Barker, a non-executive director, has resigned in the latest of a series of changes at the top of the Australia-listed operator.
Australia-listed Silver Heritage Group has announced the resignation of its non-executive director and chairman, David Green, effective immediately. In a filing from the operator on Monday, Silver Heritage said Green resigned for both personal reasons and also to enable him to focus on other business interests. In the meantime, Mr. Matthew Hunter will fill the […]
The Year of the Dog is about to dawn in Asia, with most gaming markets in the region starting on a positive note after a strong 2017. The focus this year is likely to be on emerging markets, though regulatory change and disruptive technologies, such as the stellar growth of bitcoin are also expected to […]
Macau defied all expectations in 2017, with a spectacular comeback for VIP gaming despite China’s ongoing anti corruption campaign and a government push to develop the mass market. Looking back over the year, the recovery in the sector was one of the biggest surprises in Asian gaming, with none of our experts predicting the extent […]
Silver Heritage chairman David Green says the company is close to completing negotiations which would bridge the financing gap for its Nepal-located Tiger Palace resort. Mr. Green made the comments during an address at the company’s annual general meeting held this week. In February, the ASX-listed casino operator announced the opening of the resort had […]
The arrests of Crown Resort employees in China last year has reinforced the risks associated with relying on high value mainland gamblers, said Silver Heritage chairman David Green in an annual report released on Wednesday. “The detention of Crown Resorts employees in China in October 2016 has exposed the significant risks associated with China-facing VIP […]
1) Regulators and policymakers alike will come under increasing pressure to address issues such as the integrity of sports betting, whether social gaming should be regulated, what prescriptive standards and requirements should be set aside in favour of risk-based regulatory oversight, and how emerging technologies like virtual reality games should be evaluated for suitability to […]
Held concurrently with G2E Asia on May 17, the annual Asia Gaming Awards (AGAwards) is an annual event to reward excellence and innovation in the gaming industry, with a clear focus on quality. Produced by Asia Gaming Brief, in association with G2E Asia, and The Innovation Group, the awards night will judge companies in 10 categories […]
At a press conference yesterday at Pacha, Studio City, senior representatives of Reed Exhibitions and their partners launched the 2016 edition of G2E Asia. Being held from 17-19 May 2016 at the Venetian Macao, this year’s event marks the tenth anniversary of the show. With the 2015 show being the largest on record, with a total of 9,867 […]
It is indisputable that the COVID-19 pandemic presents an existential threat both to the physical and fiscal viability of nations, such as we have never seen outside a world war in our lifetimes.
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.
Despite regulatory uncertainty and a relatively high risk profile, land-based operators will be closely watching developments across the Indochina region over the coming months.
There’s never a dull moment when it comes to gaming in Asia and 2018 produced its fair share of surprises, many of them provided by Philippine President Rodrigo Duterte, who is keeping the gaming industry on its toes.
One month on from the opening of the Hong Kong–Zhuhai–Macau Bridge (HZMB), Macau’s casino sector is weighing up its immediate impact and how it is likely to affect operations in the longer term.
Upcoming elections in South Australia and Tasmania are providing another opportunity for anti-gambling crusaders to target the industry, prompting concern a hostile operating environment will restrict growth.
In just three years, the first of the licenses awarded to Macau’s concessionaires expire and, despite the billions of dollars invested by the operators in the market, there is still no clarity over the renewal process. There is no mechanism under the current law for automatic renewal which, as the deadline approaches, is leading to increasing concern in the market as to the tack the government may take. Views on the ground are mixed.
Imperial Pacific Holdings says its resort on the Pacific Island of Saipan will open in the first quarter of this year, despite concern over funding problems for the proposed $7 billion project. The operator, which is currently working out of a temporary facility on the island, had initially planned a Chinese New Year opening, but in a recent stock exchange filing changed the wording about its planned debut to say the Imperial Pacific Resort will hold a soft opening in Q1.
To coin a popular phrase, 2016 really has been a year of two halves in the Asian gaming industry. To continue with the cliches, it’s also fair to say there have been a few curved balls along the route. Industry experts gave us their views of the year just passed, with the good, the bad and the ugly.
Beijing’s policies are once again creating waves across the Asian gambling scene and may force a rethink of how regional operators reach mainland Chinese customers.
Asia Gaming Brief asked its advisors David Green, John English, Luis Mesquita de Melo, Andrew Klebanow and Steve Gallaway, to look ahead and share with us what they believe are the underlying currents for the Asian Gaming industry in 2016. Views may differ but the one common denominator is the shifting of the sands - something will have to give…An end to the IR “arms race," by David Green The strong will survive, by Steve GallawayEnough about the Millennials, by Andrew KlebanowMacau will continue the race to reinvent, by John EnglishThe “golden” gap for emerging jurisdictions, by Luis Mesquita de Melo