Resorts, regulations and risks — a look at the year ahead

With signs Macau is well on the road to recovery; the Philippine market growing in double digits; and the prospect of casinos in Japan, 2017 is starting on a more promising note for Asia’s casino industry. Vietnam is on the verge of finally publishing legislation that will lay the framework for its gambling sector, allowing locals to bet in casinos for the first time on a limited basis, while Cambodia may also produce its own set of regulations. Add to that, further expected resort openings will expand the offering across the region, starting with the official launch of Universal Entertainment’s Okada Manila in the first quarter, to the expected opening of Imperial Pacific’s new resort in the Commonwealth of Northern Mariana Islands. The latter is being closely watched given the huge turnover being generated by its temporary facility on the remote Pacific Island. While the nature of the market is Asia in...

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