Steve Vickers, the CEO and founder of political and corporate risk consultancy Steve Vickers & Associates, talks to Asia Gaming Brief about the impact of China’s crackdown on cross border capital flows on the junket industry. He says the sector is unlikely to die out altogether and there will inevitably be some links to organized crime.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
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.