Inaugural ASEAN Gaming Summit convening to discuss gaming offerings

Inaugural ASEAN Gaming Summit convening to discuss gaming offerings

March 20, 2017 9:49 AM
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The inaugural Association of Southeast Asian Nations (ASEAN) Gaming Summit convening Tuesday is expected to bring together Asia’s leading operators, regulators and suppliers to discuss development of the next generation of terrestrial and online gaming offerings.

ASEAN is a regional organization comprised of ten Southeast Asian countries. Its goal is to promote intergovernmental cooperation and facilitation of economic integration by its members.

The conference is set for March 21-23, in Manila, Philippines where integrated resorts have shown solid revenue growth in 2016, with the sector up 22 percent year-to-date. Gaming markets in the member countries of Vietnam and Cambodia are also maturing. Conferees and exhibitors are hoping to take advantage of current opportunities and hope to be positioned for future developments in all Asian jurisdictions.

Under discussion will be new-style integrated resorts, premium mass-market gaming, sports betting innovations and online gaming.

The Philippines is where beginning in 2002 the Philippine Amusement and Gaming Corporation (PAGCOR) started turning a stretch of reclaimed land along Manila Bay into what is now known as the Entertainment City, modeled after the Las Vegas Strip. The zone is now home to three integrated resorts. They are Bloomberry Resort’s Solaire Resort and Casino, Melco’s City of Dreams Manila and the newly opened Okada Manila. A fourth casino, Genting Group’s West Side City Resorts World, is targeting a 2020 launch.

Representatives from over 200 of Asia’s top land-based and online casino, sports betting and lottery companies are expected to be in attendance.