South Korean players to grow increasingly useful to Asian casino operators
Asian casino operators will probably increase their marketing efforts towards prospective customers from South Korea over the next couple of years owing to the continued coronavirus-connected absence of mainland Chinese punters.
According to a report from Inside Asian Gaming, this is the belief of Lloyd Robson (pictured), Asia-Pacific Common Manager for Australian gaming machines innovator Aristocrat Leisure Restricted, as casino firms in many nations which includes Vietnam, Singapore and the Philippines look to fill a China-sized hole in their organizations. The source detailed that the seasoned business figure created this prediction earlier today during the ongoing MGS Macau Leisure Technologies Summit soon after getting asked about how the market outside of Macau might recover.
Robson’s forecast as element of a seminar entitled the Business Recovery of Macau Gaming Companies was reportedly followed by consensus that the future pace of the larger Asian casino industry’s revival will likely hinge on the stance of China towards the widespread re-opening its borders in the wake of the coronavirus pandemic. The Aristocrat Leisure Limited executive purportedly also noted that the giant nation has so far employed a zero-tolerance approach towards the potentially-lethal ailment that has severely altered the focus of regional operators.
Reportedly read a statement from Robson…
“One of the interesting factors to contemplate is that, for a couple of years at least, the movement of Chinese buyers beyond Macau is going to be quite challenged. So, I believe that operators are going to be fighting for that Korean tourism dollar. I know they are a huge component of Vietnam and the Philippines in-particular but I believe they will take on an even a lot more important role from 2022 to 2024 in the absence of that greater finish Chinese consumer.”
Inside Asian Gaming reported that Robson’s forecast comes as the Philippines is endeavoring to open its very first ‘travel bubble’ with Seoul following Singapore’s earlier move to inaugurate a ‘vaccinated travel lane’ for vacationers from the peninsular nation of 51.7 million people. To further highlight the coming value of this potentially profitable marketplace and the island of Phu Quoc in Vietnam, which is house to that country’s 3,000-room Corona Resort and Casino, is to purportedly welcome in excess of 200 South Korean tourists this weekend as component of its own phased re-opening plan.
Ken Jolly serves as the Asia Managing Director for American land-primarily based and iGaming behemoth Scientific Games Corporation and he reportedly utilized the same occasion to disclose that the Philippines’ Clark Freeport Zone lately saw its aggregated third-quarter gross gaming revenues hit approximately $46 million, which equates to around 60% of their late-2019 levels. This jurisdiction is purportedly the internet site of many foreigner-friendly casinos including the 873-space Widus Hotel and Casino and traditionally sees about 70% of its gambling receipts come from South Korean punters.
A statement from Jolly reportedly read…
“Recovery in each market place will be at distinct speeds as governments open their borders but we are already now seeing some travel coming into the Philippines and there is a bit of activity more than there with a couple of geographical regions in the nation displaying extremely positive signs. The numbers coming out of the Clark Freeport Zone are really powerful.”