CASINOS in Cambodia could regain three-fifths of the sector’s pre-pandemic revenue this year, led by the VIP segment, a recent report has suggested.
Real estate consultancy Colliers International expects Macau and Cambodia to lead the recovery in Asia-Pacific land-based gaming, trailed by Singapore, the Philippines and Vietnam.
Cambodia GGR is tipped to hit 60 per cent of the pre-Covid-19 base, while Singapore could achieve 45 per cent of earlier levels. The bulk of the recovery is expected to come from Q3 2021 onwards.
Still, the report noted that there are “downside risks in a fast-maturing gaming market”, including the supply pipeline of casino facilities.
Govinda Singh, Colliers executive director and head of hotels and leisure, pointed to plans for new or expanded facilities in Singapore, Cambodia and Vietnam, as well as the possibility of a gaming sector launch in Thailand.
“As governments across the region grapple with paying for the Covid-19 fallout, it is no surprise that many are turning to integrated resorts to generate revenue and employment,” his report added.
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