The 2018 outlook for Macau is positive, with gaming revenues likely to continue their recovery, though risks remain including the looming end of casino concessions and organized crime, according to risk consultancy Steve Vickers Associates. In its annual Asia Risk Assessment, the firm says that politically the outlook for the year is stable, despite rising […]
Beijing’s effort to tighten capital controls has resulted in a 74 percent drop in Chinese outbound investment in the first quarter of this year and is likely to create serious problems for foreign businesses, risk consultancy Steve Vickers & Associates said. The State Administration of Foreign Exchange’s approval of foreign exchange applications slowed in early […]
The clampdown on underground banking in China has been the main reason for the sharp decline in VIP gambling, says Steve Vickers, CEO of Steve Vickers and Associates in an interview with Macau Daily Times. Vickers, who runs a political and corporate risk consultancy, said the severe decline in VIP betting had been blamed on […]
The increasingly violent protests in Hong Kong, which is beginning to have an impact on Macau’s gross gambling revenue, are not likely to end anytime soon in the absence of visible dialogue to find a solution, according to a leading risk consultancy.
The deadly attack on Resorts World Manila (RWM) last year was a wake-up call for casino resorts in the Philippines and across the wider region, leading to calls to improve security and properly assess the risks facing each jurisdiction. There is no one-size fits all solution, therefore security experts say a clear understanding of the potential threats is key.
Regulatory risk, political uncertainty and exposure to a Chinese economic downturn will factor into the performance of casino sectors in Malaysia, Singapore and the Philippines – albeit to varying degrees. From a regulatory perspective, changes in Malaysia and Singapore are unlikely. Malaysia’s gaming sector endured something of an annus horribilis in 2018, headlined by a […]