Online Casino Australia: Australasia Sees Huge Expansion in Number of
New casinos in Australia, the Philippines and South Korea are aimed at
appealing to Chinese high rollers says Online Casino Australia
SYDNEY -- November 22, 2012
A new AUS$1 billion casino complex in Sydney, a US$4 billion casino built on
reclaimed land in the Philippines and a collection of offshore casinos in
South Korea reveal the extent of casino expansion in Australasia. According
toOnline Casino Australia, these new casino developments are aimed almost
exclusively at high rollers from China and South East Asia.
Casinos in the Australasia region are not trying to emulate the glitziness of
Las Vegas. These new casinos are modelled on those found in Macau, now home to
the world’s biggest casino market. In 2011, the city took in excess of $33
billion in gambling revenue.
As the middle classes continue to expand rapidly in China and other parts of
developing Asia disposable incomes are rising and more money is spent on
travel and leisure. Many Asians, particularly Chinese businessmen, have a
penchant for gambling that casinos in the region are trying to cash in on.
Chinese tourists in particular are forecast to spend a whopping AUS$800
billion overseas each year by 2020.
Other countries in the region are looking ahead to a gambling filled future
too. Cambodia is looking at expanding its Phnom Penh casino to the tune of
$369 million and Vietnam is to get its first casino at a cost of over $4
billion. Interestingly these casinos are built purely for tourists; citizens
of these nations are completely barred from entering.
This is not true of casinos in Australia however, where Crown Casino Group has
the edge. It has two large casino and hotel complexes, one in Perth and
another in Melbourne with a third planned for Sydney in direct competition
with the existing Star Casino. However, whilst Australians do like to gamble
in Aussie casinos, these developments are linked directly to the expanding
Asian markets. Evidence of this can be found in the plans for the new Sydney
casino. Along with 500 luxury rooms, resort and convention facilities and a
large gaming area, the VIP gaming rooms will be greatly expanded and offer
facilities directly aimed at high rollers.
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