Eastern European suppliers target Asia gaming floors

    Published in: Latest IntelligenceGaming suppliers from across the globe have set their sights on Asia, though one set seems to be pushing particularly hard to gain a foothold in the region, as companies from across Eastern Europe move aggressively to shore up stagnant growth at home. A recent report by UBS estimated that gross gaming revenue in Asia’s big five markets is likely to rise about 11 percent a year on a compound average basis to reach $98 billion in 2018, from $59 billion in 2013.The UBS research also points out that Macau and the Philippines could deliver the fastest growth in the short term among the region’s major markets, which include Singapore, Malaysia and South Korea.That compares with projections for growth of just 4 percent from 2011 to 2015, when revenue is expected to hit €13 billion ($17.4 billion), according to the European Commission.“Europe is in deep crisis...

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