![]() ![]() ![]() Cambodia's Nagacorp Ltd has also seen earnings surge thanks to demand from Vietnam and wealthy southeast Asian customers.Ĭhina's anti-graft campaign began to weigh on the gambling industry in 2014, especially in Macau, where mainland players accounted for about 70 percent of revenue. Analysts and industry insiders do not expect socially conservative South Korea to change its policy anytime soon.Įlsewhere in Asia, casinos rely on mainland Chinese for as much 80-90 percent of revenue in Vietnam, to roughly 20 percent in the Philippines, where operators have also outperformed Asian peers by tapping locals. Las Vegas Sands Corp said last year it would consider investing up to 5 trillion won in an integrated resort in the city of Busan - if locals are allowed to enter the casino.īut state-run Kangwon Land's monopoly on local players is due to hold until 2025 under a political concession made to the economically depressed former mining area. Operators for two more planned integrated resorts will be chosen on Feb. Competition is poised to intensify for casinos courting Chinese visitors.Ī consortium of U.S.-based Caesars Entertainment Corp and Lippo Ltd, and a tie-up between Paradise and Japan's Sega Sammy Holdings Inc, are each building a casino resort in Incheon, west of Seoul. ![]()
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