The casino sector is booming in Asia, and many countries in the region have made plans to expand the industry in an effort to capture the economic benefits.
The casino business is booming in Asia, with destinations such as
Macau and Singapore generating more gambling revenues than all the casinos on the Las Vegas Strip combined.
Casinos are a boon for many economies, with a report by Macau’s Statistics and Census Service showing that the casino-heavy region closed 2018 with a GDP of US$54.46 billion, a 4.7 percent year-on-year increase, and also the second consecutive year of growth. Its GDP per capita ranks within the global top three.
Distinguishing between proliferation and success
But while revenues are on the rise, it is useful to distinguish between casino proliferation ...