Japão

 ab23

Industry experts have told Inside Asian Gaming that the arrival of legalized casino gaming in Japan could have a negative impact on Macau and other regional gaming destinations due to its broad tourist appeal and potential ability to attract the best executive talent.

As reported by IAG, the Prime Minister of Japan, Fumio Kishida, announced Friday that the government has approved the development of an integrated resort in Osaka by a consortium led by MGM Resorts International and local partner Orix.

Asked whether an Osaka IR could negatively impact the Macau gaming industry, Ryan Hong-Wai Ho, lecturer at the Centre for Gaming and Tourism Studies at Macao Polytechnic University, said the development was in many ways a “positive for the development of the global gaming industry.”

“Japanese and Korean tourists are an important source of customers for casinos in the Asia-Pacific region, and the opening of a casino in Osaka may provide the opportunity to attract [more] customers from these neighboring regions,” Ho said.

But he also noted that, “from another perspective, the emerging gaming jurisdictions such as Japan and Thailand will mean a great demand for talent with practical gaming management experience, as was the case with the liberalization of Macau’s gaming industry.”

The President of the Macau Professional Association of Gaming Promoters, U Io Hung, said Japan would also provide an attractive tourism proposition for regional customers when compared with destinations such as Macau.

“From a business side, Osaka is already a popular tourist destination for mainland Chinese tourists and it will definitely become Macau’s biggest competitor,” he said, adding that Japan presented unique cultural and tourism resources.

https://www.asgam.com/index.php/2023/04/17/macau-industry-experts-fear-impact-of-osaka-ir-on-tourists-talent/

Comments

Post a Comment

Popular posts from this blog

RFID or smart chips (technology) smart gaming tables (AI)

Image
jan25 Galaxy is reportedly the second gaming operator in Macao to have completed its smart table rollout for mass baccarat, which is by far the  most popular form of gambling  in the SAR. That’s  according  to trade publication Inside Asian Gaming, which cited a note from Citigroup analysts sent on Monday. Analysts George Choi and Timothy Chau’s said an additional 74 smart tables were operating in Galaxy Macau’s “grind mass” area – using an industry term referring to low-stakes mass market gambling – while nine such new tables had appeared at StarWorld. “We believe Galaxy has become the second casino operator in Macao to have fully deployed smart tables for its mass baccarat operations,” they wrote. The concessionaire follows in the footsteps of MGM China, which has reportedly been the SAR’s most  proactive adopter  of radio frequency identification (RFID) technology. [ See more:   ‘Smart tables’ won’t mean less staff, Sands China’s vice chairman says ...
Read more

Macau faces unprecedented challenges in transitioning from gaming industry – University study

 jun23 Macau will face a complex and severe stress test in the future as it continues to transition away from a gaming industry supported by mainland Chinese high-rollers, a recent university study has pointed out. According to a paper jointly compiled by three scholars from the Shanghai Cooperation Organisation Research Institute, the Shandong University, and the University of Macau – Edmund Sheng Li, Zhang Anning, and Yin Yechang, the city will have to address a number of social issues “neglected because of the illusion of ongoing prosperity” brought about by the gaming industry that experienced explosive growth following the city’s return to Chinese rule. These issues, as the ‘A city profile of Macau—The rise and fall of a casino city’ scholars pointed out, are associated with political transformation, livelihoods, governance, and urban planning. The economic recession that accompanied the Covid-19 pandemic, as well as Beijing’s push for an overhaul of the gaming sector, have ma...
Read more

If Macau’s annual GGR reached or exceeded MOP180 billion...

Nov24  Gov’t predicts MOP240 bln in 2025 gross gaming revenue Macau’s government has forecast a total of MOP240 billion (US$29.7 billion) in gross gaming revenue for 2025, compared to MOP216 billion budgeted for the current year. According to the fiscal budget for next year presented to the Legislative Assembly, the authorities are looking to receive MOP121 billion in revenue next year, with expenditure expected to hit MOP113.38 billion – up about 7 per cent year on year. This will result in a surplus of MOP7.7 billion. Meanwhile, the government-initiated programme known as PIDDA is to cost about MOP19.78 billion. A higher GGR is expected to be achievable due to increased visitation amidst a transition in tourism and consumption modes, the budget says. There is an expected rise of 13 per cent from the initial budget for 2024. https://www.macaubusiness.com/govt-predicts-mop240-bln-in-2025-gross-gaming-revenue/ jun24  88.0 percent of the city’s pre-pandemic 2019 GGR Macau is lik...
Read more