The IRC acronym first surfaced in 2010 to describe Marina Bay Sands and Resorts World Sentosa in Singapore, but the basic theory behind an Integrated Resort Casino goes back at least to the early 90s, to glitzy landmark developments like the MGM Grand in Las Vegas.
Key features of an Integrated Resort Casino include:
The centre of gravity for such developments is now definitely in Asia, with other areas being explored including Australia, Brazil, and US states such as New York and Massachusetts. But could such a model be implemented in Europe? In this report we examine how IRCs have evolved, take a look at where the market is, and outline the advantages and the challenges, both for host governments, and potential operators and investors, based on the experience in other parts of the world.
UK Hospitality & Leisure Leader, Partner, PwC United Kingdom
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