Scientific Game

The Asian Gaming 50 - 2015

The sixth annual ranking of the industry’s most influential people sponsored by:   scientific-games-corp-logo

Wednesday, 23 December 2015 16:52
Share
Visit us

 

Related Links
The Asian Gaming 50 - 2015
The Asian Gaming 50 - 2015: 1-9
The Asian Gaming 50 - 2015: 10-20
The Asian Gaming 50 - 2015: 21-30
The Asian Gaming 50 - 2015: 31-40
The Asian Gaming 50 - 2015: 41-50
About the Associate Sponsors

The past year has highlighted several fallacies with regards the Asian gaming space. The main ones are that Macau will always remain the No. 1 gaming destination for Chinese, whose appetite to gamble is insatiable, and that Macau’s growth will motor on ad infinitum on the back of oodles of still-untapped demand from mainland China.

There’s a danger Macau is starting to seem passé for many affluent Chinese travelers. Indeed, Macau’s very relevance to China’s next generation is in doubt. According to a study published in 2013 by management consultancy McKinsey & Company that’s come to be considered the definitive overview on the subject, the younger cohort within China’s middle class, who today are teenagers and people in their early 20s, were “born after the mid-1980s and raised in a period of relative abundance. Their parents, who lived through years of shortage, focused primarily on building economic security. … But [they] were born after Deng Xiaoping’s visit to the southern region—the beginning of a new era of economic reform and of China’s opening up to the world. They are confident, independentminded, and determined to display that independence through their consumption. Most of them are the only children in their families because when they were born, the government was starting to enforce its one-child policy quite strictly.”

It’s this rising new generation that will drive the coming surge in Chinese outbound travel—brokerage CLSA predicts outbound departures from China will double to 200 million by 2020. “Explosive projected growth in outbound Greater China travel numbers offers immense opportunity for countries to benefit from Chinese tourists’ desire for new experiences—from sightseeing to food, to hotels, to gaming and shopping. Tourists will become increasingly savvy, independent and demand high quality experiences and service,” writes CLSA analyst Aaron Fischer.

Perhaps in anticipation of the influence of China’s new consumers, despite the current pervading atmosphere of gloom, massive new gaming resort capacity continues to be built around the region. The bulk of development is still centered on Macau and the Cotai strip as the city’s operators not only seek to reignite the market and prevent players from migrating abroad, but also shift their focus away from the moribund VIP segment to the highermargin mass market by providing more expansive non-gaming offerings at their upcoming properties.

Big projects are also afoot in the region’s other gaming jurisdictions now that Macau’s appeal to Chinese players no longer appears unassailable. Competing resorts geared to Chinese players are opening up or are on the drawing boards from Manila to Brisbane, Vegas to Vladivostok and Incheon to the Great Barrier Reef.

So it is we bring you this year’s issue of Inside Asian Gaming dedicated to the men and women shaping the future of this most dynamic of the world’s gaming regions, with the established players working feverishly to maintain their positions and several new names pursuing greenfield ventures in emerging destinations. We hope you’ll find their stories as interesting as we do.


About the Title Sponsor

bally_logo

Scientific Games Corporation (NASDAQ: SGMS) is a leading developer of technology-based products and services and associated content for worldwide gaming, lottery and interactive markets. The company’s portfolio includes gaming machines, game content and systems; table games products and utilities; instant and draw-based lottery games; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and interactive content and services. For more information, please visit www.scientificgames.com.

  

Next: The Asian Gaming 50 - 2015: 1-9

Current Issue

Design For Profit

Design For Profit Architect Paul Steelman provides his insights into designing the most expensive privately funded buildings on earth and making and breaking trends. By Muhammad Cohen | Editor-at-Large EMINENT casino architect Paul Steelman helped create the Asian gaming boom with the groundbreaking design of Sands... Monday, 29 January 2018 15:11

Climbing the mountain

Climbing the mountain   ASX-listed Silver Heritage Group finally launched hotel and casino operations at its new Tiger Palace Resort Bhairahawa in late 2017, having survived the 2015 earthquake, a fuel blockade on the Nepal-India border and an AU$19 million (US$14.4 million) funding shortage as a result of the delays. ... Monday, 29 January 2018 15:07

Can sportsbooks survive a 1% tax on handle?

Can sportsbooks survive a 1% tax on handle?   The big news coming out of the United States this year is the likely striking down of the federal ban on sports betting. But with many states licking their lips in anticipation of added tax dollars, the sports betting industry may well have another crippling fight on its hands. THE US Supreme C... Monday, 29 January 2018 15:05

Herman Ng:Macau Pioneer

Herman Ng:Macau Pioneer Inside Asian Gaming discovers a bit more about Herman Ng, CEO and Executive Director of Macau-based slot machine services firm Asia Pioneer Entertainment (APE). Ben Blaschke: Can you start by telling us a bit about yourself and your background? Herman Ng: I grew up in Macau and then when I was 16 ... Monday, 29 January 2018 14:52