A new report on Electronic Table Games (ETGs) in Asia predicts they will number more than 15,000 by the end of 2018 on the back of new property openings in Macau, Vietnam, the Philippines, Russia and Korea.
The analysis by Union Gaming estimates the current number of ETGs across Asia at over 14,000 including 12,700 in Asia’s seven primary markets. Around 1,200 new ETGs have been installed over the past 12 months – most of them at Wynn Palace, Parisian Macao and Okada Manila.
“With the bulk of Macau’s new development wave now in the rearview and some of the more meaningful developments more than a few years away, our forecast of new ETG seats is rather modest through the end of 2018 at only 1,150 new seats,” said Union Gaming’s Grant Govertsen. “Of these 1,150 new seats, about 65% come from just three properties – MGM Cotai, Jeju Shinhwa World and Grand Lisboa Palace (with around 250 expected at each).
“Upside to our estimate could primarily result from faster-than-expected delivery of the various projects in Vietnam, but also South Korea and Vladivostok.”
The report lists local supplier LT Game as the clear leader in the ETG field across Asia with 36% market share thanks to its dominant position in Macau, with Aruze (14%), Interblock (12%), Scientific Games (11%) and Alfastreet (10%) the other big players holding double digit share.
“We note that LT Game has become the dominant provider of ETG seats in Macau with a current market share of 61%,” it said. “However, the company has an effective 100% market share with respect to stadium-style ETGs in Macau. As stadium-style ETG installations grew in popularity, we estimate that LT Game’s market share of ETGs in Macau grew from 37% in 2012, to a peak of 64% in 2015.”
The report predicted demand to grow significantly post-2019 thanks to new properties to open in Vietnam, Vladivostok, Manila, Incheon and Jeju, while Japan will likely become a significant ETG market.
