Home Asia

Asia

The Gambler

While well-intentioned, Integrated Resorts risk becoming a wolf in sheep’s clothing and its proliferation in Asia might make it the Jezebel of gambling addiction.

Spectrum Gaming Group Expands Asia Team

Gaming consultancy Spectrum Gaming Group has announced the expansion of its Asia team with the hiring of several new executives.

Konami Gaming Extends Its Growth in the Global Slot Machine Market

In FY2018 Konami Gaming posted sales growth of 5.2% and profitability growth of 8.2% as the Japanese company continued to gain market share in the global slot machine market. Total sales amounted to almost 31.2 billion yen (about US$284 million) over the course of the year with profits of more than 4.7 billion yen (about US$43 million).

G2E Asia Panel Expects Little Regional Economic Impact from Japan IRs

Other Asian nations such as Macau, Singapore, and even South Korea have little to fear from the opening of the three Japanese IRs in the middle of next decade, according to a panel of experts speaking on the first day of the G2E Asia conference in Macau.

Asia Faces Casino Oversupply with Massive Investments in the Pipeline

Economic growth in Asia will not be enough to fuel the estimated US$65 billion in new casino development across the region, warns Union Gaming analysts.

Gambling Companies Struggling to Pick the Millennial Wallet

Aging populations are posing challenges for the world’s developed economies, with Japan among the worst affected, and the gambling industry is also feeling the fallout. For example, studies have shown that millennials just aren’t spending money on gambling, or in casinos, in the same way as their parents did.

Nightclubs May Help Drive Revenue at Asian IRs

Among the non-gaming attractions that should be considered for Japanese IRs are major nightclubs. One of the objectives of IRs, after all, is to provide 24 hour per day entertainment in Japan, and thus boost consumer spending. This movement is already afoot in other parts of Asia.

Trending Articles

Casino Management Board Comes into Focus

The structure of the Casino Management Board to be established under the IR Implementation Bill is coming into focus, as the government is revealing to lawmakers its basic plans.

Wakayama Governor Goes Full Speed Ahead on IR Bid

Despite formidable obstacles, Wakayama Governor Yoshinobu Nisaka is undeterred in his pursuit of an IR at the Marina City location.

Sands, Melco, Galaxy to Benefit Most from Rise of Premium Market

Macau gaming operators Sands, Melco, and Galaxy are best placed to capitalize on the rise of the Chinese premium market, according to Bernstein Research.

Philippine Prosecutors Clear Kazuo Okada

Philippine prosecutors in Parañaque and Makati cities have dropped all charges filed against Japanese gaming billionaire Kazuo Okada.

Suncity Extends Deadline for Vietnam IR Stake Purchase

Macau junket operator Suncity Group has again extended the deadline for the purchase of a 34% stake in a casino project in Vietnam until July 31.