Credit ratings firm Moody's has predicted a negative 18 months for Asia's gaming sector, due to the unpredictability of the current economic climate.
It is thought that casino operators in Macau will be the most affected with the industry in Australia and Malaysia also facing tough times.
“As in the US, the gaming sector in the Asia-Pacific is facing increasing operating pressures, which vary by company and country,” the company said. “Cutbacks in discretionary spending, intense local competition and regulations on travel are expected to hurt the earnings of casino operators.”
In addition, it would seem gaming operators face the challenge of managing large acquisitions or capital expenditure in an uncertain environment.
The agency continued, saying the decline in revenues could get worse in Macau when new casinos open in the next six to 12 months.
