MACAU – Revenues at Asian casinos will overtake those in the United States by 2012, a gaming industry conference has been told.
A survey released at this week’s Global Gaming Expo Asia has projected that Asia Pacific casino revenues will exceed US$30 billion by 2011, boosted by new gaming revenue streams in Japan and Singapore.
“The results of our survey foretell a remarkable future for the Asian gaming market – from continued revenue growth in Macau to the rise of new jurisdictions, such as Japan and Singapore,†said Frank Fahrenkopf, president and CEO of the American Gaming Association.
Singapore’s entry into the gaming mix with two casino projects, and Japan and Korea looking to follow closely behind after some legislative changes, would bring extra competition but Macau would remain the epicentre of Asian gaming for several more years, the conference heard.
Delegates picked Taiwan as the next likely place for gaming expansion, followed by Japan and Thailand.
Macau’s progress would be held back to some extent by labour shortages, land scarcity for new construction and infrastructure capacity challenges.
