livedealer

1
Online Gambling market in asia

• the Philippines is the only country in Asia where
  gambling is legalized

2
Situation on the Asian gambling market

• Since a large number of new gaming zones are
  scheduled to open in the coming years, starting
  from 2020, the situation in the Asian casino
  industry will look quite different from what it
  is now. Of course, the introduction of new
  regulations and other changes are not taking
  place in isolation. Existing markets will closely
  monitor threats to competition and potential
  prospects. As conditions change over the next
  decade, it will be incredibly important for new
  markets to secure the right to a particular
  segment. Next, more details on the new key Asian
  markets and how each of them positions itself.

3
Philippines

• The Philippine market is experiencing a
  significant growth - gross gambling profits for
  2017 increased by 13.8.Its revenues are more
  diversified compared to other competing
  territories and are almost equally divided
  between the VIP sector, the mass market and
  electronic gaming machines. In theory, this
  provides many opportunities for growth,
  especially in the VIP segment, provided that it
  has a strong relationship with China. However,
  the stability of the Rodrigo Duterte government
  is still in question, and the major operators are
  still deliberately being sidelined to this day.
  This situation is likely to require change if the
  Philippines is to become a leading destination
  for playing tourists. Apparently, the
  Philippines will introduce regulation and be
  successful in attracting well-known operators of
  integrated resorts, especially from the USA.
  Melco Resorts - no doubt, but it is hard to
  imagine that Nevada's licensees will ever show up
  here," said Green. There are also online casinos
  in the country which are very popular throughout
  Asia.

4
Japan

• Thanks to the long-awaited legalisation of
  casinos at the state level, a huge amount of work
  is beginning to be done to prepare for the
  opening of a market with a potential value of 25
  billion.
• The scale of the domestic market in Japan, as
  well as its incredible attractiveness for
  tourists in the complex may compete in both the
  mass and VIP segments, although the latter may be
  adversely affected by the ban on junkie
  operations. This issue could theoretically be
  resolved through offshore locations and credit
  mechanisms.
• The agreement between Macau gambling
  concessionaires, most of whom are likely to fight
  for a Japanese licence, is that the possibility
  outweighs the threat.
• "I wouldn't worry about cannibalisation, but it
  will significantly increase competition in the
  market," said Richard P. Luglin, Operations
  Director at Asia Pacific Consultancy (Macau)
  Ltd., highlighting that integrated resorts in
  Singapore and the Philippines have not had a
  negative impact on Macau's profits.

5
Cambodia

• Cambodia has slowly seized a niche with high
  performance in the Chinese VIP segment, while
  also serving its own growing client base and
  players from Vietnam.
• NagaWorld, a casino resort with an exclusive
  location in the capital, Phnom Penh, has
  announced a 140 increase in VIP segment turnover
  in 2017 to 21.1 billion.
• As taxes to the state treasury from the thriving
  sector are around 50 million per year, there is
  a desire for further expansion. However,
  long-term development may depend on maintaining
  strong relationships with China.
• "Cambodia is a potential competitive threat to
  the Macau market, but its durability may depend
  on the length of the current political regime and
  the strength of its relationship with China,"
  said David Green, former gambling director at
  PricewaterhouseCoopers, Macau, and founder of
  Newpage Consulting, a leading gambling consulting
  agency.

6
Singapore

• Genting Singapore, Resorts World and Marina Bay
  Sands have been affected by Beijing's tough
  gaming measures, albeit to a lesser extent than
  Macau.
• Nevertheless, their prospects look stable, if not
  impressive.
• "Singapore is unlikely to expand. It opened up as
  a market in 2010 and has already reached its
  peak," said Green.
• The growth in the number of tourists has helped
  the city-state significantly. In 2017 their
  number increased by 6.2 to 17.4 million. The
  main source of this flow of visitors was China.
• Singapore's integrated resorts have tended to
  show good results on non-gambling offers. In
  addition, the market needs to be more isolated
  from Beijing's unpredictable actions than many
  others as it remains a premium destination for
  VIP players from Indonesia and India. Relying on
  these two strengths will be key to further
  development. For those players who cannot come to
  brick and mortar casino, exist online casino in
  Singapore where everyone is glad to see everyone.

7
Vietnam

• Like Cambodia, Vietnam is targeting the Chinese
  junket market with the 4 billion project Hoiana
  of the Suncity Hotel. The opening of the first
  phase is planned for next year.
• This casino will be the largest in Vietnam and
  will lead to changes in the current strategy. At
  the same time, the market also intends to try to
  introduce home gaming once the long-standing ban
  has been lifted.
• "Vietnam has the potential both as an opportunity
  and a competitive threat if it can offer an
  attractive, stable and regulated alternative and
  if local people can join in on a massive scale,"
  added Green.

8
South Korea

• Political pressure from China, as well as its
  impact on visitor numbers, means that Korea's
  promising casino market is still waiting to be
  launched.
• Due to the inability to play casinos for local
  visitors, the announced Chinese government ban on
  group tours to Korea has been a serious blow to
  the sector, with Paradise City reporting an 8.6
  drop in gambling profits in 2017.
• New regulation is needed, as well as increased
  investment, to stimulate development during the
  2020s, although there is a risk that this will
  not happen.
• "Korea can offer a couple or three attractive
  properties, but the market is virtually
  unregulated, so the risk associated with being
  close to North Korea has remained almost the
  same," said Green.