Macau continue to head Asian gaming industry
The region aims to capitalize on wealthy Chinese tourists, with Japan poised to pass a casino bill in mid-2014 to allow the setting up of casinos in specific locations.
According to the Nikkei Asian Review, Japan’s entry would change the Asian industry’s power map, whose players include Singapore, South Korea and the Philippines.
It said Goldman Sachs’ prediction was that Japan would host a US$ 15.1 billion gaming industry by 2020 that would place the country third in the world after Macau and Las Vegas.
According to analysts, another potentially significant growth market is Vietnam, which is predicted to rake in annual gaming revenues of US$ 3 billion if laws are amended to legalize gambling for locals.
They said a move to allow domestic casinos would likely stir interest from major gaming firms to pour their investment dollars there.
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