Casino resort projects in Asia region

I read an article of Canada.com “Canadian firm considers funding options for Asian casino” recently and want to add information of other casino resort projects in Asia region by explaining what irrational competition is surely ahead of casino operators.

Canada.com
Canadian firm considers funding options for Asian casino

The Canadian firm is Asian Coast Development Ltd. which plans to develop the Ho Tram Strip, an exceptional vacation destination that spreads across 157 hectares and features casinos and five Las Vegas-style integrated resorts in southern VietNam. I quoted an explanation of the initial development plan onto the Ho Tram Strip of as follows,

Designed to highlight the lush natural beauty of the area, Phase I of the Ho Tram Strip will be themed on the concept of environmental preservation and conservation. Nestled in a pristine and safe environment, will be two five-star hotels with a combined 2,300 luxurious rooms and suites, Vietnam’s first Las Vegas-style casino - featuring live entertainment stages and an exclusive VIP area to compliment a gaming floor consisting of more than 500 slot machines and approximately 90 table games.

 
Ho Tram Strip

 
Asian Coast Development Ltd.

I am wondering if casino market in Asia region is going to be crowded in couple of years later although time schedule of development and operation of Ho Tram Strip or the number of visitors given by a web site Ho Tram Strip is not clear at all.

Thus there are two big casino resort projects going on: Resorts World at Sentosa planned by Resorts World at Sentosa Pte Ltd in Singapore and Bagong Nayong Pilipino planned by Philippine Amusement and Gaming Corporation in the Philippines.

Resorts World at Sentosa will be open as a casino resort in spring 2010 and expects 15 million visitors annually. Genting International Plc whose subsidiary is Resorts World at Sentosa Pte Ltd has already secured $4.19 billion in syndicated funding that will pay for about two-thirds of the integrated resort in February 2008. It comprised $4 billion in loans and a $192.5 million banker’s guarantee facility from DBS Bank, OCBC Bank, HSBC, Royal Bank of Scotland and Sumitomo Mitsui Banking Corporation.

 
Resorts World at Sentosa

 
Genting International Plc

A Manila bay integrated tourism project Bagong Nayong Pilipino also plans to open casino resort in 2010 and expects 3 million visitors annually. Bagong Nayong Pilipino was planned by a state casino firm Philippine Amusement and Gaming Corporation and four consortium members have started to finance each of facility developments in 2008.

 
Bagong Nayong Pilipino

 
Philippine Amusement and Gaming Corporation

In 2005, Asian casino kingdom Macao had 18.7 million visitors while it had 10 million visitors from Mainland China. Resorts World at Sentosa and Bagong Nayong Pilipino will try to attract those Chinese customers to new facilities because other possible visitors such as Japanese or Korean are less interested in gambling resorts than Chinese. Gambling resorts should share a pie of Chinese travelers basically although the number of Chinese travelers are uncertain.