Bloomberg research compares gaming recoveries in different Asian markets

During its G2E presentation, Bloomberg showcased the ongoing recovery of the casino and resort market in Asia, which threw up some surprising results

During its G2E presentation, Bloomberg showcased the ongoing retrieval of the gambling casino and resort marketplace inward Asia, which threw upward some surprising results.

As APAC Gaming and Hospitality Analyst Angela Han Spike Lee took to the stage, she began to snap off downward what Bloomberg’s Intelligence air division has seen since the pandemic brought the region to a standstill, and the parts showing the to the highest degree promising growth compared to the pre-pandemic raze of 2019.

Starting with the Philippines. Han Richard Henry Lee presented Bloomberg’s findings that, inwards 2020, the rural area posted a 39% comparing with 2019; which roseate to 47% inwards 2021; and, thus far, inwards H1 2022, has already reached 79%. This marks a strong recovery for the market.

Meanwhile, inward Singapore, the island saw a 41% comparison in 2020, bumping upward by tetrad to 45% inwards 2021. But it was inward H1 2022 that it recorded a large leaping of 68% on 2019 – with Ha Llee locution Bloomberg expected Singapore’s gaming market to arrive at pre-pandemic levels past 2024.

However, patch the Republic of the Philippines and Singapore Island were steady, Macau and Phnom Penh showed far to a greater extent unbalanced figures of recovery.

In the Chinese play hub, Macau posted a 21% 2020 recovery on 2019, rising to 30% inward 2021. But, for H1 2022, it shrunk rear to a low-pitched of 18%, which tin live attributed to the struggling Chinese economy and burden of Covid lockdowns.

Finally, Phnom Penh, the uppercase city of Cambodia, showed an initial percentage take of 51% in 2020, though that figure nosedived to 13% inwards 2022, and has so far only reached 27% in H1 2022. These figures, again, correspond to the effects of the Covid-19 pandemic in the country.

Some of the recovery rates can also follow tracked by the revenue enhancement limits place inwards for each one country, with Macau imposing a in high spirits 40% standard charge per unit for VIPs. While the Philippines, capital of Singapore and Kingdom of Cambodia have got far reduced, and variable, rates of tax for mass gamers and VIPs.