Asia’s emerging casino markets question whether size matters

When the 10.5 million-square-foot Venetian Macao opened its doors in 2007, it upped the ante on the scale of casino developments and helped inspire Singapore, Korea and others to undertake major IR projects. More than a decade on, and with Japan poised to follow a similar path, Asia’s emerging casino markets are left wondering if the IR is now the only game in town, or if a multi-license, boutique approach to development is still viable. Opinions are mixed. “ are generally understanding that the size of investment which they can attract is not just a function of the market opportunity, but also of the relative uniqueness of a casino license,” David Green, former gaming practice director with PricewaterhouseCoopers in Macau and founder of leading gaming consultancy Newpage Consulting, told AGB. The IR approach to casino regulation has generally proven to be the most palatable to regulators, too. “Most new Asian markets are...

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