Asia is the most promising market for the expansion of the global casino gaming industry and, according to a industry experts Asia will soon surpass the United States as the world's largest casino gaming market.
The success of Macau as a world-class gaming and vacation destination and the rapid growth of the Singapore market have catalyzed numerous Asian countries to utilize gaming development as a means to promote tourism and stimulate local economies.
Our current gaming operations are focused in Cambodia and the Philippines, where we have a deep market understanding and have established a strong strategic presence, goodwill, and local market and government relationships.
We are focusing our growth initiatives on certain markets in the Indo-China region. We believe these markets are experiencing rapid economic growth due to a myriad of drivers including favorable demographic trends, increasing foreign investment, and continuing liberalization of economic policies. Markets such as Cambodia and Vietnam, which we believe are comparable in terms of economic development to China not too long ago, are poised for dramatic economic expansion. Our goal is to grow with these economies.
Our current gaming operations and the favorable economic and socio demographic trends in these markets provide us a solid foundation for future growth in the region as both a provider of electronic gaming machines on a participation basis and as an owner and operator of regional casinos.