ETGs to experience slow growth in Asia
A report revealed that electronic table games in Asia will experience a slow growth until the end of next year.
Macau.- Brokerage Union Gaming Securities Asia Ltd reported that electronic table games (ETGs) in Asia will keep experiencing slow results until the end of 2018. The good numbers reported in the last few months were due the opening of multiple facilities in the region.
As revealed by GGRAsia, analyst Grant Govertsen published on Friday’s report that with the bulk of Macau’s new development wave in the rearview, and some of the more meaningful developments more than a few years away, they forecast that the new ETGs growth is modest until the end of 2018, “at only 1,150 new seats.”
“Of these 1,150 new seats, about 65 percent come from just three properties: MGM Cotai, Jeju Shinhwa World (the former Resorts World Jeju), and Grand Lisboa Palace,” he said. Grand Lisboa and MGM Cotai are among the gambling facilities that are set to open in 2017 and 2018. Union Gaming said that the seats could represent extra US$24 million for ETGs manufacturers. “In the out years (2019+) we see a fair amount of demand driven by new properties in Vietnam, Vladivostok, Manila, Incheon, and Jeju. In addition, we would expect Japan to be a significant ETG market although that is likely five years away at this point,” he added.
