• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 29 May 2022
  • 中文中文
  • 日本語日本語
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

2021 Asian Gaming Power 50: The Next Five

Newsdesk by Newsdesk
Sun 7 Nov 2021 at 19:55
2021 Asian Gaming Power 50: The Next Five
9
SHARES
228
VIEWS
Print Friendly, PDF & Email

In order to rank the 50 most powerful people in Asian gaming, the panel considered almost 100 candidates. These five are the people knocking on the door of the Power 50 and those we currently consider the most likely new entrants next year. Although we did rank these five people 51 through 55, we’ve listed them below in alphabetical order. You’ll just have to guess who came in at number 51!

ALFREDO “ALBEE” BENITEZ

FOUNDER

Leisure & Resorts World Corp

ALFREDO ABELARDO “ALBEE” BENITEZ stepped down from the board of Leisure & Resorts World Corp (LRWC) in October for a run at politics, but he remains a major shareholder in the company and a return in future looks likely.

Founded by Benitez as Bingo Bonanza Corporation, the company was later listed as LRWC – providing a vast array of services across the Philippines including bingo, leasing slot machines and the operation of slot arcades on behalf of PAGCOR. It is also developing a US$500 million integrated resort on the holiday island of Boracay. Benitez is currently running for mayor of Bacolod, having previously served multiple terms as a congressman representing the 3rd district of Negros Occidental province.

THOMAS PANG

CHAIRMAN

Meg-Star Group

THOMAS PANG has worked hard over the past decade to cement Meg-Star Group’s position among the “Big 4” Macau junkets, but with the VIP space facing multiple headwinds it will be much harder keeping them there.

Analysts estimate VIP segment revenue will barely reach 20% of pre-COVID levels in 2021, rising to around 40% next year but unlikely to ever return to the heights of the early 2010s when they comprised almost 75% of Macau-wide GGR. Meg-Star, which describes itself as a provider of “high-end travel and VIP entertainment service, real estate, premium retail, IT, cultural art, food and beverages, red wine distribution and more,” has maintained a low profile of late but will be hoping it is the premium player who returns to Macau first in 2022.

HARUKI SATOMI

PRESIDENT AND GROUP CEO

Sega Sammy Holdings

JAPAN’S SEGA SAMMY HOLDINGS accelerated its internal succession plan earlier this year when it promoted Haruki Satomi to the role of President and Group CEO. Haruki took over the CEO role from his father and company founder, Hajime Satomi, who retained the role of Chairman and Representative Director. At 79 years of age, he clearly recognizes that his business days are numbered.

It’s been a mixed year for Sega Sammy, with its video games and pachinko segments showing some improvement but its Korean integrated resort Paradise City, of which it holds a 45% stake, continuing to struggle. The company had also partnered with Genting Singapore in pursuit of an IR license in Yokohama before the city was a late withdrawal from Japan’s IR race.

KIM YOUNG-SAN

CHIEF EXECUTIVE OFFICER

Grand Korea Leisure

KIM YOUNG-SAN was appointed CEO of foreigner-only casino operator Grand Korea Leisure in August, replacing Yoo Tae-Yeol on the recommendation of the Minister of Culture, Sports and Tourism. The 58-year-old Kim is a former Director of the Culture and Arts Policy Office and the Planning and Coordination Office for the Ministry of Culture, Sports and Tourism, and former Director of the Korean Cultural Center in Los Angeles, USA. GKL operates two casinos in Seoul and one in Busan under its Seven Luck brand, but Kim’s appointment comes at a time when COVID-19 has decimated the industry, with the company reporting losses of around US$48 million for the first six months of 2021.

ALLAN ZEMAN

CHAIRMAN AND INDEPENDENT NON-EXECUTIVE DIRECTOR

Wynn Macau Ltd

A LEGEND in the Hong Kong business community, having built the famous Lan Kwai Fong entertainment district from the ground up, Zeman has also stepped into the void left by Steve Wynn’s departure in Macau after assuming the role of non-executive Chairman in February 2018. He has been a director of the company since its inception. He holds sway with officials in Macau, Hong Kong and mainland China but particularly in Hong Kong where he is a member or advisor to multiple business and economic groups, including the Hong Kong General Chamber of Commerce. Zeman is also a naturalized citizen of China and holds a Chinese passport.

For the full list of 2021 Asian Gaming Power 50 winners, click here.

Tags: 2021 Asian Gaming Power 50Alfredo Abelardo BenitezAllan ZemanAsian Gaming Power 50Current IssueHajime SatomiHaruki SatomiThomas Pang
Share4Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Oz Casinos: What now?

Editorial: Does the foreigner-only casino model work?

by Ben Blaschke
Thu 28 Apr 2022 at 15:28

The COVID-19 pandemic, along with the international border closures it forced, is one of a number of recent headwinds to...

Oz Casinos: What now?

Oz Casinos: What now?

by Ben Blaschke
Thu 28 Apr 2022 at 15:14

With three inquiries into Crown Resorts completed, a review into Star Entertainment Group underway and a litany of damning findings...

Off Track: AUSTRAC’s AML Failures

Off Track: AUSTRAC’s AML Failures

by Ben Blaschke
Thu 28 Apr 2022 at 13:16

Australia’s anti-money laundering watchdog has launched civil proceedings against Crown Resorts in what appears to be a reaction to its...

Locals Game

Locals Game

by Ben Blaschke
Thu 28 Apr 2022 at 13:05

IAG recently spoke with Shaun McCamley, former President at integrated resort The Grand Ho Tram Strip on Vietnam’s south-east coast,...

Related Posts

Higher Powers

Higher Powers

by Ben Blaschke
Tue 7 Dec 2021 at 18:14

IAG takes a look back at this year’s Asian Gaming Power 50 Gala Dinner, held at Wynn Palace, Macau on Friday 5 November 2021.

2021 Asian Gaming Power 50: Power Hour

2021 Asian Gaming Power 50: Power Hour

by Andrew W Scott
Tue 9 Nov 2021 at 13:04

When the Asian Gaming Power 50 was first published in 2008, we could never have imagined that, some 13 years later, it would have developed into one of the most anticipated releases on the annual calendar. What began as a...

2021 Asian Gaming Power 50: Meet the panel

2021 Asian Gaming Power 50: Meet the panel

by Newsdesk
Tue 9 Nov 2021 at 11:37

ANDREW W SCOTT (JUDGING PANEL CHAIRMAN) Vice Chairman and CEO, Inside Asian Gaming ANDREW is a gaming industry expert and media publisher, commentator and advisor. He has lived in Macau for more than 12 years. He is Vice Chairman and...

2021 Asian Gaming Power 50: The Next Five

2021 Asian Gaming Power 50 list

by Newsdesk
Tue 9 Nov 2021 at 08:00

The 2021 Asian Gaming Power 50 list.


HKUST

Simple Play

IAG

© 2005-2022
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • Contributors
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Consulting
  • Magazines
  • Advertise
  • Contact
  • About
  • 中文
  • 日本語

© 2005-2022
Inside Asian Gaming.
All rights reserved.