from Gaming
and Leisure Magazine
Spring 2014
Due to the significant number of gamblers in China , analysts have agreed that Asia will increase its position as the gaming industry’s dominant market in the foreseeable future. Overtaking Las Vegas in gaming revenues in 2006, Macau’s growth has continued, most recently posting revenues six times greater than that of Las Vegas
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| Gaming and Leisure Magazine Spring 2014 |
With two-thirds of Macau’s revenue coming from high-rollers, other countries in Asia have moved to increase their take from China
As China ’s only legal casino zone, most feel Macau still has significant room to grow. With a
projected growth rate of 20 percent, Macau will maintain the highest revenue growth rate through 2014. Review of detailed analytical data indicates these high expectations are rather
conservative.
Since there is not a significant casino opening until 2015, analysts conceed that 90-95 percent of
Las Vegas Sands' fourth property in
Lawmakers in
Business leaders from highly
recognized companies like Lawson & Suntory Holdings have joined efforts to
back the legislation. They expect the RFP process to start before the end
of 2014. Partnerships are already close to being formed. Las Vegas Sands could benefit substantially, as they’re expected to develop a project in lucrative Tokyo Japan
With the Olympics coming to Tokyo in 2020, adding casino resorts in Japan
The two casinos – Marina Bay Sands and Resort World Sentosa -- account for all of the country’s gaming. With the government fixing casino licenses at two through 2020, the growth will continue, but at a slower rate than Macau, Philippines and the new potentials in Japan.
Weaker currencies and slower economic growth in
The Philippines’ position in global gaming is expected to grow in the coming few years, led by the opening of several casino resorts in Entertainment City a development by Philippine Amusement and Gaming Corp. This is expected to improve the country’s market share by roughly 4-5% in the next three to five years, from the current 3.3%. The country’s gaming revenues reached $1.45 billion last year, and is projected to grow annually to $3.36 billion by 2020.
The attraction of the
Geographically situated in a prime location between
The government will soon release a new tourism strategy that will relax stringent financial rules that have limited foreign projects. The new plan will likely create an economic zone near
There are currently 17 foreign-only casinos in the country, which have been aimed at high-rollers from
At present, the only project in the works is a $1.7 billion joint venture between Korean owned Paradise Group and Japanese gaming firm Sega Sammy. This mixed resort property is expected to open in
A relative newcomer to the Asian gaming scene, Vietnam Ho Chi Minh City China , Japan and throughout Asia . Vietnam ’s world renowned beaches are only a 90-minute flight from southern China
Rose Rock Group, a global investment firm backed by the Rockefeller family, is expected to develop a $2.5 billion resort on the south-central coast, with a planned opening date in 2016. Though a casino has not been mentioned in early plans, the project compliments the industry’s growing interest in Vietnam
Gaming and tourism experts agree that
Gaming in
NagaWorld’s monopoly on casino gaming within 200km (124 miles) of Phnom Penh Vietnam ’s Ministry of Public Security found that more than 1,500 visitors traveled from Vietnam
The
United Nations World Tourism Organization has reported a 53% increase in visits
by Chinese Nationals to Cambodia Cambodia
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