Economics and statistics
The gambling revenue of Laos is formed pointwise: the core is casinos in special economic zones and border clusters, focused on foreigners (VIP and mass), plus a stable state lottery.
The budget receives payments for licenses, GGR/profit tax and related fees, while the state maintains increased control over cash turnover, KYC/AML and the reporting of resident operators in the SEZ.
Seasonality is determined by tourism and holiday periods of neighboring countries; LAK's currency fluctuations affect margins and equipment purchases.
Key KPIs for monitoring: GGR by segment (slots/tables/VIP), share of SEZ revenue in the industry, average check per tourist, loading of halls by days/hours, cost-to-revenue (commissions, tax burden), cashless-share of transactions, lottery contribution to total turnover.
The overall vector is moderate growth due to tourist flows and address licenses in development zones with moderate expansion and compliance priority.