Wednesday, February 18, 2015

ASEAN Voices 3: Gaming and Casino Tourism in Asia

* This is my article for ASEAN Voices, a new Jakarta-based magazine, February 2015 issue.
----------
Tourism is a major economic player and job creator in many developing countries including in Southeast Asia. The region places next to China as being the most dynamic and fastest-growing area in  the  world, as it offers thousands of beach resorts, mountain resorts, and city centers that cater to visitors from other countries.

The main destinations for foreigners visiting East Asia are  China, Thailand, Malaysia, Hong Kong, and Macau, which is especially interesting because while its visitor-arrivals in 2013 was only one-quarter of that seen on mainland China, its tourism receipts were similar to those from the entire country.

Table 1.
source: http://dtxtq4w60xqpw.cloudfront.net/sites/all/files/pdf/unwto_highlights14_en.pdf

What explains for such enormous tourism receipts from Macau? It is, of course gaming and casino tourism. Macau is No 1 on the planet in gaming revenues. In 2013 it reaped US$45.1 billion, followed by Las Vegas with US$6.5 billion; Singapore with US$6.1 billion; Atlantic City at US$2.9 billion; and the Philippines, which took in US$2.2 billion.

It is only logical then, that other Asian economies seek to duplicate the fantastic performance of gaming and casino tourism in Macau, and have launched various casino projects. Among them, according to Asia Awakens: The Growth of Casino Tourism, are the following:

·         Singapore’s integrated resorts in Marina Bay and Sentosa Island, with a combined value of approximately US$9 billion.
·         Philippines’integrated resort project, Entertainment City at Manila Bay, with a projected value of US$15 billion.
·         Vietnam’s integrated resort projects in Ho Tram, Danang and Phu Quoc, each involving investments of more than US$4.5 billion.
·         Cambodia’s projects in Koh Rong island, costing some US$2 billion, along with an integrated resort at Angkor Wat.
·          Malaysia’s Resorts World.
·         South Korea’s integrated resort development in Jejuisland, valued at some US$3.6 billion.

These casino developments are evidence of the dynamic and growing competition among countries in the Asean region, as well as in the gaming tourism sector.

However, one only has to look at the Las Vegas model, being a once-derelict patch of dry land that has become a multi-faceted entertainment venue centered upon frivolity. It is crucial to note that Las Vegas has never depended entirely upon casinos to bring the cash in.

According to the World Trade and Tourism Council, the city’s Disney-style hotels, boasting some 133.000 rooms, along with attractions, shows and recreational activities, account for half of the casinos’ revenue streams, meaning that wider tourism development and casino construction merely go hand-in-hand with one another.

Meanwhile, in the Philippines, the biggest player is the government-owned Philippine Amusement and Gaming Corporation with its dozen-plus casinos in Metro Manila and other major cities throughout the country.

But the country’s much-recognized and largest project is “Entertainment City” in Manila Bay, a huge 120 hectare development built on reclaimed land and hosting four huge licensees.

Table 2. 

Resorts World Manila is the sister company of Resorts World Genting, Malaysia, and Resorts World Sentosa, Singapore. From 2009 to 2013, it was the only casino resort in Metro Manila, until the opening of Solaire Resort and Casino.

Solaire is a new and large project by billionaire Enrique Razon, owner of International Container Terminal Services, Inc, which moves ships and cargo to 19 countries throughout the world. The resort includes a five-star hotel with 500 rooms and 1,000-seat ballroom.

City of Dreams casino held a soft opening last December, then a grand opening on Feb 2. The casino is a joint venture between Henry Sy, the Philippines’ richest family, Australian billionaire James Packer, and Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, and son of Macau casino mogul Stanley Ho.

Melco Crown Philippines Resorts Corporation President Clarence Chung said the new casino will provide additional choices for their customer base in Macau.

COD has three hotels: Crown Towers, Nobu and Hyatt. It is said to have attracted some 60,000 visitors during its soft opening last December, and since then has averaged 15,000 daily visitors.

The Manila Bay Resorts is owned by Japanese billionaire Kazuo Okada.

With these four resorts and casinos, the Philippines’ gaming sector is projected
to earn big, increasing from US$2 billion in 2012 to US$4 billion by 2016.

Table 3.
Sources: 2009-2013 actual, PAGCOR; 2014-2017 Forecast, The Innovation Group.


Regarding area infrastructure, there is ongoing large-scale skyway construction that connects Manila’s four airport terminals to Entertainment City. When this project is completed in 2016, it will drastically cut the travel time for visitors, local and foreign, from the airport to the resort-casinos.

But how do most Filipinos view these foreign gamblers and visitors? Generally, their opinions range from neutral to positive. Foreign gamblers do nothing to harm local residents, instead they just spend and spend, winning money if they are lucky, and in the process they provide lots of jobs and lots of tips to Filipino resort employees, officers and entertainers. Direct hires are about 5,000 jobs per casino; hotel rooms supply are expanded.

Other sectors, of course, will complain that the gambling and casino culture could permeate many Filipinos’ lives, as people seek to get rich-quick. Yet, this is not a strong argument because there are many types of gambling that Filipinos are now engaged in, from ordinary card games to bingo for charity, as well as the lotto and sweepstakes, and even cockfighting.

On the other hand, the government should see the enormous opportunities in the resorts-hotels-casino sector. There is no doubt that casinos need to always be considered in the wider tourism context—as better infrastructure leading into a casino will inevitably allow the casino to have a more positive impact on a region.

It is also a large job creator, from airlines to hotels, restaurants and entertainment, and can even evolve into medical tourism.

The government, in the meantime, collects taxes from 5%-17% based on GGR. Staring last year, casinos also pay corporate income tax.

It is therefore commended that the high taxes that actually also hound many other local businesses is slashed. At the end of the day, when people have high-paying and stable jobs, they become less dependent upon various government welfare and subsidy programs.
-------------- 

See also: 
ASEAN Voices 2: PH Multinationals in the Region, February 01, 2015 

21 comments:

DewiDomino said...

DewiDomino merupakan Agen Domino QQ Online Resmi Terpercaya Indonesia dan Situs Judi Poker V 88 Uang Asli Deposit Via Pulsa,Bandar Capsa Susun,Bandarq Sakong Adu Q Domino99 dan Ceme Terbaik hanya di http://w88messi.biz

Agen Poker Resmi
BandarQ Indonesia
Agen Poker Online
Poker V
Seo Online

Poker tigatigadelapan said...

We were chatting over a coffee, simple filter, not Nescafe (baby-killers) and started to think out loud. Judging children's abilities by standardised exams denies them their unique individuality and the expression of their culturally distinct identities. It's time to recognise that animal rights now are as important as women's rights last century.
IDN Poker

Poker tigatigadelapan said...

Memainkan taruhan Judi kartu idn poker memanglah sangat menyenangkan, apa lagi jika anda memainkannya bersama bandar yang tepat. Segera gabung dan jajal keberuntungan anda bermain judi Poker Online bersama idn poker sekarang juga. Pastinya Kemenangan akan menjadi satu satunya pilihan anda di sini

IDN Poker

Kecoak Seo said...

I’m honored to obtain a call coming from a friend as he discovered the important recommendations shared on your own site. Browsing your blog posting is a real wonderful experience.
Thanks again for thinking of readers just like
me, and I want for you the best of achievements like a professional in this discipline.

poker online

qq deposit murah
bonus poker online
bandar q

Kecoak Seo said...

I’m honored to obtain a call coming from a friend as he discovered the important recommendations shared on your own site. Browsing your blog posting is a real wonderful experience.
Thanks again for thinking of readers just like
me, and I want for you the best of achievements like a professional in this discipline.

IDN Poker

idn Poker
bonus poker deposit pertama
bandar poker online
game poker

Kecoak Seo said...

You have some really great articles and I believe I would be a good asset. If you ever want to take some of the load off, I’d love to write some articles for your blog in exchange for a link back to mine. Please blast me an email if interested. Many
thanks!

game online domino

idn poker


domino card
online domino
domino bonuses
online gaple
domino sites

Brenday said...

great post you have guys and i really like it.. please visit us at http://jampoker.co

Agen Idn Poker
Poker Online Terpercaya
Situs Poker Indonesia
Seo Online

Pasang Taruhan Link Sbobet Online said...

Merupakan Situs Judi Sbobetuk Online Terbaik dan Terpercaya di Indonesia. Sebagai Bandar terekomendasi untuk para bettor di Indonesia, di sini anda akan mendapatkan segala kemudahan untuk bertaruh.

Pasang Taruhan Link Sbobet Online said...

Merupakan Situs Judi Sbobetuk Online Terbaik dan Terpercaya di Indonesia. Sebagai Bandar terekomendasi untuk para bettor di Indonesia, di sini anda akan mendapatkan segala kemudahan untuk bertaruh.

Ayam Mabok said...

This is a great inspiring article.I am pretty much pleased with your good work.You put really very helpful information. Keep it up. Keep blogging. Looking to reading your next post.

Adu ayam

SBOBET

cockfight battle
cockfight arena
cockfight player
cockfight poker
cockfight power

Poker Online said...

Judi Online
http://pincom.info/
http://www.fingergym.info/
https://www.webarticles.org/

Agen Judi IDN Poker Online said...

Situs Judi Online Terpercaya atau Poker338 adalah Perusahaan Situs Judi idn poker, Bandar Ceme, Agen QQ, Qiu Qiu, Domino 99, dan Capsa Online. Di sini anda akan di suguhkan dengan permainan Judi Kartu Remi Online Terbaik berbasis Android ataupun IOS. Dengan cara melakukan download aplikasi, anda sudah dapat memainkan jenis taruhan paling terpopuler sekarang ini.

Agen Judi IDN Poker Online said...

Situs Judi Online Terpercaya atau Poker338 adalah Perusahaan Situs Judi idn poker, Bandar Ceme, Agen QQ, Qiu Qiu, Domino 99, dan Capsa Online. Di sini anda akan di suguhkan dengan permainan Judi Kartu Remi Online Terbaik berbasis Android ataupun IOS. Dengan cara melakukan download aplikasi, anda sudah dapat memainkan jenis taruhan paling terpopuler sekarang ini.

BandarXL said...

http://BandarXL.net merupakan Agen Slot Online Resmi Indonesia Deposit Pakai Pulsa Via OVO, Telkomsel, XL, dan GOPAY di Asia yang menyediakan permainan Situs Slot, Casino Online, Bandar Taruhan Bola Sbobet Terpercaya, Poker Online, Togel, Keno, dan Lotere.

Situs Slot
Deposit Pakai Pulsa
Agen Slot Online
Judi Casino Indonesia
Jasa Seo Online

Kecoak Seo said...

I’m honored to obtain a call coming from a friend as he discovered the important recommendations shared on your own site. Browsing your blog posting is a real wonderful experience.
Thanks again for thinking of readers just like
me, and I want for you the best of achievements like a professional in this discipline.

Game Domino Online

domino online

domino player
master domino
rocang bonuses
card gaple
domino agents

Mael Leelee said...

Situs Pasang Permainan IDN Poker Online Terpercaya di Indonesia, dengan minimal deposit dan withdraw cukup 10 ribu saja loh... segera bergabung ya dan menangkan jackpot ratusan juta...

Situs Poker Online
Poker Online
s128
Baccarat Online

Mael Leelee said...

Situs Pasang Permainan IDN Poker Online Terpercaya di Indonesia, dengan minimal deposit dan withdraw cukup 10 ribu saja loh... segera bergabung ya dan menangkan jackpot ratusan juta...

Situs Poker Online
Poker Online
s128
Baccarat Online

W88XL said...

W88XL merupakan Agen Slot Online Resmi Indonesia Deposit Pakai Pulsa Via OVO, Telkomsel, XL, dan GOPAY di Asia yang menyediakan permainan Situs Slot, Casino Online, Bandar Taruhan Bola Sbobet Terpercaya, Poker Online, Togel, Keno, dan Lotere.

Casino Online
Slot Online
Situs Judi
Agen Bola Resmi Indonesia
Seo Online

IndiPoker said...

INDIPOKER merupakan Situs layanan Judi Online dan Agen IDN Poker 88 Play Terpercaya Dengan Permainan Ceme Keliling,Domino Qiu Qiu,Bandar QQ dan Capsa Susun

Agen Idn Poker
Poker Online Terpercaya
Bandar Ceme
Ceme Keliling
Situs Judi Ceme

Cindy Wilia said...

Very good article, even in one reading I have found various benefits especially when reading it to the end. Hopefully the authors of this article will continue to work, because the articles that are made are always very helpful to us from the readers. But don't forget to visit our site which is no less fun to read.

Piala Eropa 2021
Casino Indonesia
Judi Gaple
Live22
Naga77

werwer said...

Freemake Video Converter Activation Key also fuses simple gadgets for changing video in the past a shift, one example is, chopping scenes and so forwards. These features are not as large as master video switching programming like Final Cut Pro. Be that since it will probably, FVC will place every thing if you want when there’s no other different. No charge, quick, converts into or out of any video material perceived by anybody and duplicates Blu-Ray and DVDs. The freemake key is amazingly advisable and just hints at shift with every single new shape. It allows you to definitely alter around in excess of 500 configurations video like