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ASIA by John Hutchinson
PHILIPPINES
The Philippines has some of the most ambitious plans in the region to build an alterna-
T
he success of Macau’s gaming liberalisation has spurred a wave of interest from tive to Macau. The government-owned Philippine Amusement and Gaming Corporation
developers and governments in the region keen to cash in on rising income levels (Pagcor), which regulates and operates casinos in the country, has approved the concept
and the popular pastime of making a bet on lady luck. During the recent G2E plans for four private investors to open venues in the country. The new Manila Bay Tourism
Asia 2008 held in Macau presentations were given from at least ten regions build- City is expected to start construction next quarter with a soft open in 2010. Approximately
ing new casinos or considering offering licenses. US$12 billion will be invested into the four casino-resort projects.
The rise in revenue collected from the Macau government is encouraging some govern-
ments, while the 130 percent increase in tourist arrivals since 2003 has many taking notice. VIETNAM
In May, Canadian Asian Coast Development Limited was awarded an investment certifi-
SINGAPORE cate by the government of Vietnam to build the US$4.2 billion Ho Tram Strip, which will
The acceptance of casino gambling by the ultra-conservative Singapore government as a include the country’s first Las Vegas-style 5,600 square metre casino which is to be
means to bring more business and tourist visitors to the city also appears to have added designed by Paul Steelman.
certain legitimacy to gambling.
Singapore will be the next country to open casinos after it offered Las Vegas Sands THAILAND
Corporation and Genting Group licenses to build large scale casino-resorts. Sands’ 2,700 Current Prime Minister Samak Sundaravej reportedly announced earlier in 2008 that he
hotel room Marina Bay development, which will include 1.2 million square feet of exhibi- is planning to build five casinos for both locals and foreign tourists in Phuket, Pattaya,
tion, convention and food and beverage space is scheduled to open late 2009. Khon Kaen, Hat Yai and Chiang Mai; time will tell if this materialises.
Genting is currently building on Sentosa Island and plans to open a Universal Studios,
the world’s largest oceanarium and 1,800 hotel rooms early in 2010. CAMBODIA
Cambodia is on the verge of surpassing Macau in terms of casino numbers with plans to
JAPAN add another six venues to the existing 27 in operation. With no tax imposed on gaming rev-
Japan is one of the few industrialised countries of the world without full scale casinos. enue and only a nominal US$100 per table administration fee per year, the financial side
However the ruling Liberal Democratic Party is reportedly aiming to introduce a bill to can appear quite positive for operators.
legalise table gambling.
Despite the country operating the single largest gaming market in the world with 4.9
pachinko machines generating almost US$260 billion in revenue a year, gambling is still
outlawed according to the penal code.
SOUTH KOREA
South Korea has 17 casinos, with eight situated in Jeju Island, to the south of the coun-
try. However only one – Kangwon Land in Jeongseongun, Gang'weondo – is open to locals.
The success of the casino has prompted calls for additional licenses to be granted.
Last year it attracted 2.5 million visitors and generated US$1 billion in revenue, while the
other 16 venues open to foreigners brought in combined revenue of US$700 million.
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