Monday, February 26, 2024
HomegamblingWill gamblers go to the final frontier?

Will gamblers go to the final frontier?

Casino companies are reaching out to some of Asia's furthest corners to build their latest projects, but their bullish forecasts are counting on Chinese tourists' wandering feet.

"Everybody's counting on Chinese tourists," noted Bharat Joshi, investment manager at Aberdeen. "Chinese gamblers do travel and they follow the junkets and wherever the junkets have a credit line."

(Read more: Can South Korea become the next Vegas or Macau?)

He believes the frontier casinos offer opportunities, especially since gamblers like playing in new casinos, often queuing up at openings.

"It's very similar to golf courses. You want to play on different greens," Joshi said.

The new frontiers include Vladivostok, a mere two-hour flight from Beijing, as well as Manila and Cambodia, which require around four hours travel time from China.

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