Tag: Asia bet
Asia places its bets on gambling
February 25, 2014
South China Morning Post – Flush with cash after hitting the jackpot in Macau and Singapore, international gaming companies are betting on new markets across Asia as governments package economic incentives and rewrite legislation to welcome them. The Philippines, South Korea, Australia, Russia, Taiwan, Sri Lanka, Japan and most of Southeast Asia are trying to attract the region’s increasingly affluent and mobile consumers with the lure of glitzy casinos and tourism resorts. “[Asia] is a long way off from saturation where, potentially, new supply would eat into existing operator revenues,” said Michael Paladino, a senior director in the corporates department…