Streamers Biggest Wins – #17 / 2019
As editor at large for following nearly a decade as a special correspondent for magazine, I cover the casino business in Macau and throughout Asia.
After writing in the US for The New York Times, Washington Post, Sports Illustrated and others, I joined CNN as a news writer and producer in Washington, then moved to Hong Kong in 1995 for six months, I thought as a producer with CNBC.
In Hong Kong, I returned to print at Bloomberg as a regional business editor, worked as an editor at both Hong Kong English language dailies and headed Asia-wide media relations for a top US multinational.
You can follow me via my websiteon and Twitter.
The author is a Forbes contributor.
The opinions expressed are those of the writer.
Naturally, other jurisdictions are trying to emulate that success, including Incheon in South Korea, where Paradise City opened its initial philippine casinos generate nearly $3 billion in 2019 gaming revenue nearly two years ago and two more integrated resorts are being developed.
With IRs done right, Incheon, about an hour from Seoul, could become a regional cluster for gaming and more.
Thawing relations with China, following frost tied philippine casinos generate nearly $3 billion in 2019 gaming revenue the 2017 deployment of THAAD missile defense system, have helped, with Chinese arrivals up 15% last year nationally from their 2017 nadir.
Caesars Entertainment expects to open its Incheon IR in 2021.
In December, Inspire signed a deal with Paramount Pictures — Titanic, Friday the 13th, Star Trek — to create a theme park.
Competition helps, and Vanaskie measures that in terms of investment.
The other key factor for Vanaskie is a solid tourism base.
Macau attracted 9 million visitors in 2004 and went to 15 million in 2013.
The Philippines recorded about 3 million visitors in 2009, up to 7.
Incheon is likely to see investment on a similar scale to the Philippines, depending on how quickly Paradise City and Inspire fire up their second phases — Philippine casinos generate nearly $3 billion in 2019 gaming revenue envisions a 2025 opening for the Paramount park.
On the tourism side, Korea attracted 13.
Singapore used a pair of stand-alone iconic IRs click make its gaming bones.
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Written comments can also be e-mailed to [email protected], or mailed with a postmark no later than Friday, May 3, 2019 to: PA Gaming Control Board P.O. Box 69060 Harrisburg, PA 17106 Attention: Board Clerk Pursuant to.
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