Tag: Tokyo Asia gambling capital
Bet on Tokyo as Asia’s next gambling capital
January 2, 2014
The Globe and Mail – Asian countries are lining up to steal gaming business from heavyweight Macau. The tiny enclave on China’s south coast is the world’s gambling mecca: it took $38-billion (U.S.) in gaming revenue in 2012; hotels run at 87 per cent occupancy, according to official data, a shade better than Las Vegas. Yet casino operators are already looking for the next casino capital. Japan may fit the bill. Macau’s secret is a mix of geography, permissive government and tax. Compared to the special autonomous region, the Philippines is too far away to snag high-rolling Chinese gamblers. Singapore…