Success Dragon has high hopes for Vietnam market

Hong Kong-listed Success Dragon has high hopes for its Vietnam market focus, as it further diversifies away from Macau, says Carlos Salas, chairman and CEO in a statement to Hong Kong based Finet Group.

According to Salas, the competition in Macau’s gaming market is getting more intense with fewer Chinese visitors to the city, no doubt as a result of Beijing’s crackdown on corruption and new policies. In comparison, gaming competition in Vietnam is not high, and the number of slot machines currently is low. He added that profits generated by the slot management business in Vietnam could be 100 percent higher than those generated in Macau.

In Dec. 2015, Success Dragon announced it has entered into two agreements to provide outsourced services of electronic gaming machine management in Le Meridien Hotel in Ho Chi Minh City, and One Opera Hotel, in Danang, Vietnam.  

Salas said the two recent service agreements in Vietnam may account for three percent of the Vietnamese slot machine market. He also said that the company is considering increasing its share of the South-East Asia gaming market to 20 percent within the next 18 to 24 months, and may also look at other gaming markets such as Cambodia and Sri Lanka.