Caesars Entertainment CEO Tom Reeg responded to an analysts’ question on the sale of its Korea venture by saying: “Korea has gone, we sold it for some barbecue pork. We sold it back to our partners and have no more commitment. We’re out.”
Reeg he believed the sale was in May. Incheon authorities have previously confirmed the sale was in January this year.
Comtrade Gaming, a leading i-gaming platform supplier, has announced a strategic partnership under which ALOT Solutions will make its Prize Cover and lottery Games available as a bundled solution to new operators via Comtrade’s i-gaming platform (icore).
Las Vegas Sands CEO Rob Goldstein is not concerned about the introduction of the digital RMB in Macau, believing the currency would be a positive to the gaming industry by adding liquidity into the market.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.