Goa casino market faces major growth

As per the brokerage Union Gaming, casino gaming revenue is all set to break the €800 million in the following years post moving to the land.

According to the Union Gaming the Goan casino market is one of the most significant segments in the Asian gambling industry which will promptly experience a considerable growth. The international brokerage has estimated the casino gaming revenue to hike by 34 per cent and reach 818 million euros in the succeeding years post shifting from the Mandovi river to the land.

The firm assessed the segment’s upgraded infrastructure and the growing approval of gaming in the country. The Union Gaming Analyst Grand Govertsen emphasised the shifting of Goa’s potential casinos to the land.

He said “We compare the Goa transition from riverboat to land-based, as like the Midwest riverboat transition story on steroids. We anticipate the government’s formal announcement early this year. We expect Goa to quickly become a [€818 million] market as it transitions to land-based casinos (from [€122.7 million] today), which is still just a fraction of India’s total GGR potential of [€8.1 to €13.9 billion].”

Mr. Govertsen affirmed the move is an “already-government-telegraphed move” and added that “it will provide the highest levels of growth in the out years.”

Mopa would be the designated location to reinstall the gaming venues once the international airport is commissioned, with an announcement expected in the next few months. Nonetheless, the ships will still be operational and host tourism activities – a scenario that has been included in the draft casino bill the government wants to release this month.