Recovery, arrests and openings – 2016 in review

To coin a popular phrase, 2016 really has been a year of two halves in the Asian gaming industry. To continue with the cliches, it’s also fair to say there have been a few curved balls along the route. The region limped into 2016, with Macau having reported a 34.3 percent drop in gross gaming revenue for the prior year and little prospect for any immediate turnaround. Legislation to allow casinos in both Japan and Vietnam seemed a distant dream, while the Philippines elected a hardline leader who, among his first actions, targeted the booming online industry and revoked the license of eGaming leader PhilWeb. However, as the year wore on the environment improved. Macau returned to positive monthly revenue growth in August for the first time in 26 months. And the pace of growth has accelerated each month thereafter, helped by the introduction of Wynn Resorts’ Wynn Palace and Las...

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