Philippines’ VIP prospects shine

China’s VIPs are once again driving gross gambling revenue across the region, with the Philippines tipped as being one of the best-placed jurisdictions to take a slice of the high-roller pie. In 2017, VIP revenue in Macau staged an unexpectedly strong come-back, gaining 26.7 percent  far outpacing the 10.4 percent growth in the mass market. However, since China’s crackdown on corruption VIPs are increasingly looking at alternative jurisdictions and have increasing choice across Asia. “Most Chinese travelers decide on a destination depending on ease of access (visa rules) and currency (strength of yuan vs. other currencies). Of course for VIP gamblers, these factors may be less influential. Instead, the biggest draw would be a unique, high-end experience that would also offer retail, dining and of course amenities catered possibly for families,” said Margaret Huang, a research analyst at Bloomberg Intelligence, who spoke on a panel about VIP gaming trends at the...

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