According to ratings agency Fitch
More Asian markets “likely” to bet on casinos
2013-04-24
Macau
Reading time 25 seg
(Macau).- Ratings agency Fitch says it is “likely” that new markets in Asia “will liberalise gaming laws over the next decade”. In a report issued this week, Fitch says that Singapore’s recent success in legalising gambling “has prompted Japan, Taiwan, Vietnam, Cambodia and others to consider expanding or setting-up casinos”.
The ratings agency projects the casino gaming market in the Asia Pacific region to become the global market leader by end-2015, worth roughly us$ 80 billion.
Median casino revenue growth in the region is forecast to continue at below 5 % per year in 2013 and 2014, compared with 10 %-plus growth in 2010 and 2011, Fitch says.
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