The Asian igaming sector continues to attract high levels of interest from betting and casino operators targeting markets such as Thailand, Vietnam or Indonesia and, of course, China; which remains by far the biggest of them all.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
Australia's Reef Casino Trust said it expects distributable profit for the second half to be about $8.5 million, up from $5.2 million in the second half of last year, explaining it has had a solid second half with good rental income from the Reef Casino Hotel.
As we near the end of a tourism-free year, the industry is gearing up for one last push to salvage annual revenue with a round of campaigns to capitalize on the upcoming holiday season. Reliance on locals and “staycation” marketing have been a theme of the year, with varying degrees of success around the region.