This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Hong Kong police said they have arrested 81 people and closed down 14 triad-linked gambling dens in Wan Chai and Eastern District. The offenses involved include managing a gambling establishment, dealing with property known or believed to represent proceeds of an indictable offence, drug trafficking, and possession of offensive weapon.
Construction work on the main structure of the Macau International Airport (MIA) Passenger Terminal Building South Extension has been completed and the entire project is estimated to be finished in the last quarter of 2021. After its completion, the annual passenger handling capacity of MIA is expected to increase from 7.8 million to 10 million.
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.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.