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ARTICLE · 24 NOVEMBER 2011

Asian Gaming Market Set To Expand

Dickinson Wright PLLC
Dickinson Wright PLLC
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Speakers at Beacon’s well attended Asian Casino and Gaming Congress held in Singapore last week reaffirmed that the Macau and Singapore gaming markets continue to post very strong financial results that are beyond expectations.

GlobalMedia, Telecoms, IT, Entertainment
Robert Stocker, II
Robert Stocker, II
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Speakers at Beacon's well attended Asian Casino and Gaming Congress held in Singapore last week reaffirmed that the Macau and Singapore gaming markets continue to post very strong financial results that are beyond expectations. In particular, the Singapore market is exceeding all predictions notwithstanding the absence of a strong junket market. Once the Singapore authorities comprehensively address the licensure of junket operators, it is anticipated that the junket market will have a major additional positive impact on the Singapore gaming market.

Most importantly, a major new destination gaming market is emerging in Asia – the Philippines. The state-owned Philippine Amusement and Gaming Corporation (PAGCOR) controls the licensing of all Philippine casinos as well as serving as one of two licensing entities for online gaming, with First Cagayan Leisure and Resort Corporation serving as the other online gaming licensing entity. PAGCOR is developing Entertainment City

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