hat is the balance of this 2011?
The current financial turbulence has less impact in most of the gaming markets in Asia. The region continues to post strong revenue that is exceeding expectation.
How was the general gaming industry in a year with an economic crisis that affected many markets?
The total casino gross gaming revenue for the first 11 months of 2011 in Macau was up 44.1 year on year to reach MOP244.26 billion (approx us$ 30 billion). PriceWaterhouseCoopers estimates Macau’s casino gross gaming revenue will grow at a compound annual rate of 21.5% between 2011 and 2015.
November gaming revenue in Macau is us$ 2.9 billion, or about half of Las Vegas will record for all of 2011. Singapore is expected this year to surpass Las Vegas as the world’s No. 2 gaming market in terms of casino-revenue generation.
Forecast on Macau and Singapore’s gaming revenue in 2011 and 2012 by CLSA is as follows:
Macau - us$ 34billion 2011 - 42billion 2012
Singapore - us$ 6.5billion 2011 - 8.1billion 2012
What are the company's plans for 2012? What novelties are you preparing?
G2E Asia expects another strong event in 2012 with existing space reservation already exceeded the 2011 event. Returning and new exhibitors are filling up the exhibition space fast with a number of key suppliers exhibiting with larger stands. The demand on exhibition space in G2E Asia 2012 is a testament to the growth potential of the Asian Gaming markets which will further accelerate in the next few years despite the current global economic slump.
G2E Asia 2012 will continue to be the most important business platform for the Asian Gaming community. The exhibition floor provides business opportunity for gaming suppliers around the globe. Casino operators can expect to see a wide range of new product supplies showcasing the latest manufacturing and technology trend. G2E Asia Conference will examine key developments in Asian Gaming, the 2012 program will see an exciting line up of new topics aim to provide a comprehensive look at the issues and opportunities in the current and emerging markets. Attendees will hear directly from Asia’s gaming leaders sharing their distinctive vision on gaming success. The Gaming Certificate program will be back with new programs, supported by The University of Macau and UNLV (University Nevada Las Vegas Singapore).
How will be the 2012 for the gaming industry in general? Will it be similar to 2011? Do you think that we will see a growth in the activity?
Asía Pacific will continue to be the fastest growing region Gaming revenue is expected at US$58 billion which is 23.6% growth over 2011’s us$ 47 billion. The World’s two largest gaming markets in Asia – Macau and Singapore will continue to fuel the growth in the region. Revenue in Macau in 2011 is expected to grow at an estimated of 47.6%. Growth will be further boosted by the opening of Sands Cotai Central in 2012 and phase III by 2013.
In Singapore revenue is expected to reach for a new record of $5 billion from $4.4 billion in 2011. PWC predicts that Asia Pacific will emerge as the world’s leading region with an annual compound growth of 18.3% in gaming revenue, to reach 79.3 billion in 2015 with 43.4% of the global casino gaming spending.