This week during the 2021 MGS Summit, several gambling representatives spoke out about the future of gambling in Asia. One of the main topics was about the recovery of the Macau gambling industry and its recovery. This is due to the Chinese government continuing to shut down gambling as a form of entertainment for its citizens. Therefore, Asian Casinos are Targeting Korean Gamblers as a key market for their casinos.
Online casinos in South Korea believe that in the near future, the Chinese government will have more gambling restrictions. At least, they will make it more difficult for Chinese to cross the border to gamble in Macau. In lieu, of this future, Macau is looking to target more foreigners and Korean gamblers are its main target.
Asian Casinos are Targeting Korean Gamblers due to Decrease in Chinese Gamblers
During the MGS Macau Leisure Technology Summit, the decrease of Chinese gamblers on overseas casinos came up. Lloyd Robson, Asia-Pacific General Manager for Aristocrat Leisure ltd. Said that numerous casinos are looking for ways to fill the decreasing number of Chinese gamblers. One of these ways is by targeting Korean gamblers which is already being done by Vietnam, Singapore and the Philippines. For example, Clark Global City in the Philippines gets 70% of its gross gaming revenue from South Korean visitors.
Of course, that is only a short-term solution as casinos cannot rely on a single source of customers. Some casinos are developing online gambling apps like online slot machines to help curb the decline of Chinese players.
Furthermore, a lot will depend on how the Chinese government will shut down gambling abroad and to what extent. Either way, casinos are expecting to fight for Korean gamblers in 2022 to fill the gap of Chinese players.
According to casino review news, South Korean tourists and travelers are quite numerous and will reach 29.6 million by 2024. Therefore, it will make them one of the most populous group of people to visit other countries.
Despite casinos targeting Koreans, another question is how will the Korean government will respond to it. This is because it is illegal for Korean to gamble abroad and are subject to prosecution if caught.
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