Taking stock

Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year. But it hasn’t all been plain sailing; the fatal attack on Resorts World Manila lead to a suspension of its gambling operations in June, while South Korea continues to underperform after a diplomatic spat with China, which banned tour groups after Seoul agreed to deploy a U.S. missile shield. Some operators have capitalized on 1H17 market trends better than others – Wynn Resorts took advantage of the uptick in VIP play in Macau – but Genting Singapore struggled to move forwards, posting a 4 percent YoY Q1 decline in gaming revenues. “Looking at casinos in Asia, there are grounds for optimism given the financial performance in the first half of the year,” says Lorien Pilling, director at Global Betting and Gaming Consultants...

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