Receivers valuing the assets of Imperial Pacific International are trying to ascertain whether two crystal glass dragons in the property’s lobby are listed amongst its assets. The company allegedly paid $10.28 million for the chandeliers.
The global casino gaming equipment industry was estimated at $11.02 billion in 2019, and is expected to hit $13.19 billion by 2027, registering a CAGR of 5.5 percent from 2021 to 2027, according to a report by Allied Market Research.
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.