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On Friday, casino executive Michael Santangelo (pictured) warned that all new gaming assets in the pipeline of emerging Asian casino jurisdictions would not live up to expectations.

"While many properties will succeed in driving interest, taxation, depreciation and pre-recurring earnings to earnings, not all properties will be widely successful and will underperform in terms of investor expectations," he said.

"There will be properties that underperform because they don't have adequate amenities or marketing segments or the ability to attract customers regularly," he added

Sant'Angelo until recently served as president of the Grand Hotham Streep Casino Resort in Vietnam.

He noted that new project openings are planned for several Asian countries, including Cambodia, the Philippines, Vietnam, South Korea, Laos, and Sri Lanka. 무료슬롯사이트

Sant'Angelo spoke in Macau at the fifth annual resort and entertainment conference presentation promoted by event organizer Marcus Evans. GGRAsia was the event's media partner, which ended on Friday.

He deliberately left out of an analysis of Japan and Taiwan, which are considering legalizing casino gambling. Sant'Angelo said this could have a significant impact on other emerging Asian casino markets as well. He expects Japan to eventually approve casinos.

The executive noted that with increasing regional cooperation, existing Macau properties must continue to upgrade their facilities to remain competitive.

"I can't believe some of these old properties that don't keep putting money into their facilities will succeed. They will continue to erode margins."

Sant'Angelo hinted that Macau-based operator SJM Holdings has already struggled in recent years due to a lack of new offerings. The company's revenue growth slowed to 2% in the first half of this year, led by gaming tycoon Stanley Ho Hung Sun.

SJM Holdings' last large-scale opening came in 2009 with the launch of Casino Oceaners, already located in existing commercial buildings.

"Their products are starting to get a bit old and they're not expanding [stock]," Santangelo said.