Malaysia
Local VIPs buoy Genting’s Malaysia operations
Behind the sea of red in Genting Malaysia’s Q3 results, analysts found reason for cheer in the performance of its domestic operations, which generated a positive EBITDA of RM541 million ($133 million) in the quarter.
Genting Malaysia losses at US$182 million in Q3
Genting Malaysia recorded total revenues of over RM1.4 billion (US$354 million) in the third quarter of 2020, representing a 46 percent decline year-on-year. The group registered a net loss of RM726 million (US$182 million).
Outlook brightens from H2, Fitch says
Jurisdictions benefiting from local support will continue to outperform in the first half of next year, with destination markets such as Singapore, Macau and Las Vegas, likely to begin a faster pace of recovery in the second half once vaccines become more widely available, Fitch Ratings said.
Genting Malaysia confirms worker positive for Covid-19
Genting Malaysia's Resorts World Genting said one of its security workers has tested positive for Covid-19 during routine health screening protocols. The company said the worker is receiving treatment at a government hospital and did not interact with guests.
Malaysia regulates electronic advertising of gambling industry
The Communications and Multimedia Content Forum of Malaysia has issued industry guidelines to provide clarity on certain advertisements, including a provision that advertisements directly encouraging any form of gambling are not acceptable.
Malaysia probes police involvement in online gambling/fraud scam
The Malaysian police force is opening an investigation paper into the alleged involvement of senior officers with individuals being held in connection with the so-called Macau Scam and online gambling syndicates.
Sarawak police claim success in busting online gambling
The Sarawak Police Contingent has been declared by their colleagues as being particularly proficient in investigating and busting illegal online gambling rings.
RGB: Fast and reliable support
Backed by over 30 years of extensive experience, RGB has positioned itself as one of the leading integrated gaming solutions providers to the Asian gaming industry.
Malaysia allocates US$3.6 million for eSports development
Malaysia has allocated money to develop its eSports sector for the third year in a row in its annual budget, this time earmarking about $3.6 million.
Asia casino stocks gain on vaccine hopes
Shares in casino operators across Asia rose on Tuesday following news that Pfizer has produced a vaccine that is 90 percent reliable, though analysts say that easing of travel restrictions are needed for a more sustainable rally.
Life After POGOs – AGB Dossier
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Australian market report: How to adapt to the new normal
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
Life After POGOs – AGB Pop-Up Forum
The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
Acquiring & Retaining iGaming Customers
In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Attracting players, not fraudsters
With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.
Asia Gaming Briefings – Dec 2020 Edition
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
Asia Gaming Briefings – Nov 2020 Edition
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
Asia Gaming Briefings – Oct 2020 Edition
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.