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Asian Casino Industry Battered by Wuhan Coronavirus

Had the three Japanese IRs already been open for business, the crisis over the spread of the Wuhan Coronavirus would have been very bad news for the industry, and Japanese gaming industry managers would now be grappling with most of the same difficulties facing Macau, Singapore, and the rest of 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

Anti-Casino Mayoral Candidate Emerges in Wakayama

The issue of Wakayama’s IR bid will be a leading point of contention in the city’s July 29 mayoral election after a decidedly anti-casino challenger, Kumiko Shima, announced her candidacy.

US Supreme Court Strikes Down Ban on Sports Betting

The US Supreme Court has struck down a federal law against sports betting, paving the way for states to introduce legislation and opening a multi-billion dollar market.

Star Entertainment VIP Revenue Surges

Star Entertainment Group said its international VIP rebate business has continued to show strong growth into the second quarter, with turnover jumping almost 64 percent year to date.

Judicial Scriveners’ Association Calls for Scrapping IR Bill

The Japan Federation of Shiho-Shoshi Lawyer's Associations, the leading group for the nation’s judicial scriveners who specialize in legal registration procedures, issued a statement on June 5 calling for the IR Implementation Bill to be scrapped.

Opposition Makes Last Ditch Appeal against IR Bill

Five House of Representatives lawmakers from five separate opposition parties held a press conference within the Diet Building on June 12 in a last ditch attempt to prevent the passage of the IR Implementation Bill through the Lower House.