IRs not a one size fits all model for Asia

Integrated resorts have become a buzzword in the gaming industry, with investors and governments around Asia looking to the model as they prepare plans for new markets and properties. However, with gambling revenue stalling across the region, the question has been raised as to whether the IR blueprint is the way forward, especially in some of the smaller markets. Steve Karoul, president and CEO of Euro-Asia Consulting, said casino development is dictated by a variety of market factors such as business volume, estimated expenses and revenues, the ease of obtaining a license and government regulation. Running multi-billion projects is “not easy,” he said, as these projects depend upon high volumes of people to offset volatility in the casino. “There is no one formula for success and one size does not fit all when it comes to casino development,” he said. “IR’s normally work best in areas with large population bases and or easy access...

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