The first of four major resorts has opened in The Philippines, and it'll be an important indicator of how gaming can grow outside of Singapore and Macau. Japan, Korea, China, and others are looking at expanding gaming, and this will be a look at whether they'll dilute other gaming markets. 

Alison Southwick sat down with analyst Travis Hoium to see how Melco Crown (NASDAQ:MLCO) will be affected (as its resort is built in The Philippines) as well as the impact on Asian rivals.