With signs Macau is well on the road to recovery; the Philippine market growing in double digits; and the prospect of casinos in Japan, 2017 is starting on a more promising note for Asia’s casino industry. We asked some of our contributors to give us their predictions for what will be the most notable events and trends of the year ahead.
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.
Asian operators have been slow to venture into European markets, but that may be about to change, with a consortium made up of Melco International Development and Hard Rock International eyeing a project on the island of Cyprus. The consortium is aiming to bring its own Asian flavor, but how will that go down with the melting pot that constitutes the island's tourism base.
Political and economic uncertainty prevail as we enter 2016, but that’s not necessarily a bad thing for the global gaming industry. In fact it may be one of the few bright spots on the global investment stage in 2016 and 2017.
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.