Asia’s casinos in 2017: Macau’s winning streak goes on while the Philippines weather tragedyBy Muhammad Cohen, ForbesJanuary 1, 2018 at 11:43 pmHappy new year. At the start of last year, I made several predictions about the gaming business in Asia. Now it’s time to review how well my crystal ball worked. (When I’ve got it tuned, I’ll bring it to a baccarat table.)MacauA year ago, I expected Macau’s gross gaming revenue (GGR) growth would be in the mid-single digits as it recovered from a 26 month slump. In reality, Macau’s GGR growth approached 20% in 2017, finishing at 19.1%.Surprisingly, despite all the talk about and spending on non-gaming attractions to build Macau’s tourism and leisure appeal, this recovery has been powered by VIP revenue. Once 70% of Macau’s GGR, high roller play tumbled amid mainland China’s slowing economic growth and President Xi Jinping’s corruption crackdown. Yet, now VIP is driving the recovery.