{"id":8673,"date":"2012-04-30T21:00:18","date_gmt":"2012-04-30T21:00:18","guid":{"rendered":"http:\/\/www.gaming-awards.com\/NEWS\/?p=8673"},"modified":"2012-04-30T21:00:18","modified_gmt":"2012-04-30T21:00:18","slug":"casino-and-gaming-business-will-be-high-rolling-in-2012","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/casino-and-gaming-business-will-be-high-rolling-in-2012\/","title":{"rendered":"Casino and Gaming Business will be \u201chigh-rolling\u201d in 2012"},"content":{"rendered":"<p><a href=\"https:\/\/gaming-awards.com\/NEWS\/archives\/8176\/neon-casino-sign-3\" rel=\"attachment wp-att-8178\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-8178\" title=\"Neon Casino Sign\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2012\/04\/Casino-sign2.jpg\" alt=\"\" width=\"250\" height=\"163\" \/><\/a>2012 looks set to be a big year for the gaming industry. &#8220;<em><strong>The casino and gaming business may be poised for a high-rolling 2012, thanks to signals both domestically and abroad that may bode well long term for the sub-industry,&#8221;<\/strong><\/em> said S&amp;P Capital IQ in a recent report. The Paragon Report examines investing opportunities in the Resorts &amp; Casinos Industry and provides equity research on MGM Resorts International and Caesars Entertainment Corp.<\/p>\n<p>The big casino companies have been increasingly reliant on Asia to fuel growth. <em><strong>The Chinese gambling market grew over 32 percent annually in the last 5 years<\/strong><\/em>. Despite concerns over China&#8217;s economic growth analyst predict gaming revenues from China to remain &#8220;healthy&#8221; in 2012 as market penetration for gaming in China is still relatively low.<\/p>\n<blockquote><p>According to PricewaterhouseCoopers, &#8220;<strong><em>Macau is set to become the world&#8217;s biggest gaming market in 2013 and it expects Macau to almost double its revenues over the next five years, accounting for about a third of total global casino earnings.&#8221;<\/em><\/strong><\/p><\/blockquote>\n<p>MGM recently announced the appointment of William M. Scott IV to serve as Senior Resident Executive for Greater China. In this role, Mr. Scott will serve as the Resident Director of Diaoyutai MGM Hospitality, Ltd., MGM&#8217;s joint venture with Diaoyutai State Guesthouse to promote hospitality projects in China. He will also act as MGM Resorts&#8217; resident director for MGM China Holdings Limited, which owns MGM Macau.<\/p>\n<p>Caesars Entertainment Corporation is the world&#8217;s most diversified casino-entertainment company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2012 looks set to be a big year for the gaming industry. &#8220;The casino and gaming business may be poised for a high-rolling 2012, thanks to signals both domestically and abroad that may bode well long term for the sub-industry,&#8221; said S&#038;P Capital IQ in a recent report. The Paragon Report examines investing opportunities in the Resorts &#038; Casinos Industry and provides equity research on MGM Resorts International and Caesars Entertainment Corp.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[43,42,17,23,45],"class_list":["post-8673","post","type-post","status-publish","format-standard","hentry","category-gaming","tag-casino","tag-casinos","tag-gambling","tag-gaming-2","tag-macau2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Casino and Gaming Business will be \u201chigh-rolling\u201d in 2012 - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/casino-and-gaming-business-will-be-high-rolling-in-2012\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Casino and Gaming Business will be \u201chigh-rolling\u201d in 2012 - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"2012 looks set to be a big year for the gaming industry. &quot;The casino and gaming business may be poised for a high-rolling 2012, thanks to signals both domestically and abroad that may bode well long term for the sub-industry,&quot; said S&amp;P Capital IQ in a recent report. 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