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Maestro by Galaxsys sets new benchmark in crash gaming with 500K+ players

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Galaxsys revealed that Maestro, its leading crash game, has reached new milestones in player engagement and popularity. With over 500,000 active players and more than 30 million rounds played each month. Maestro continues to deliver an unparalleled gaming experience.

About Maestro by Galaxsys

In Maestro, players place bets before the round starts and watch as the parrot begins to fly, while the odds steadily climb. Players win with the corresponding odds if they click the “Cashout” button before the crash—the sudden stop—occurs. Maestro features dynamic animations and fascinating bonuses, making every round visually engaging and emotionally thrilling for players.

Key Performance Highlights

  • 500,000+ active players – Demonstrating the game’s strong global appeal and consistent player engagement.
  • 30 million rounds played per month – Highlighting the game’s high activity levels and replay value.
  • $5+ average bet size – Reflecting players’ confidence and willingness to invest in the game.
  • 75% player return rate – A testament to Maestro’s engaging mechanics and player satisfaction.
  • Available in 10+ regulated markets – Ensuring safe and compliant gaming experiences for a wide audience.
  • Offered by 1,500+ operators worldwide – Proving Maestro’s strong adoption and popularity within the operator community.
Teni Grigoryan, Chief Sales and Partner Management Officer at Galaxsys
Teni Grigoryan, Chief Sales and Partner Management Officer at Galaxsys

Teni Grigoryan, Chief Sales and Partner Management Officer at Galaxsys, commented on the game’s success and growth opportunities: “Maestro has been performing exceptionally well across multiple regions. We’re seeing strong engagement from players and consistently high activity levels, which reflects both the game’s mechanics and its universal appeal. Operators across different markets have reported excellent retention and repeat play, making Maestro a reliable and profitable addition to their portfolios.”

Operators can seamlessly integrate Maestro, along with other top-performing industry titles, through a single integration.

Chris Boni joins Xpoint as Chief of Staff following leadership roles at Aristocrat and IGT

Xpoint, a leading geolocation and compliance technology company, has strengthened its executive ranks with the appointment of Chris Boni as its new Chief of Staff as the company continues to expand its global presence. 

Xpoint, a leXpoint is a leading geolocation and compliance technology companyading geolocation and compliance technology company

Boni arrives at Xpoint with an exceptional track record built on years of focused product and strategic leadership within top-tier global gaming companies.

Most recently, he served as SVP of Product, Social Casino at Aristocrat, following senior leadership roles including VP, Digital Gaming Products at IGT, and Director of US Products at Betfair, which later merged with FanDuel.

As Chief of Staff, Boni will serve as a crucial partner to CEO Manu Gambhir and the executive team. His mandate is to oversee operations, driving key initiatives while ensuring alignment across the organization to maximize efficiencies.

Manu Gambhir, CEO of Xpoint, said: “We are delighted to welcome Chris to Xpoint, leveraging his extensive experience in the iGaming industry at some of the biggest names in the business. He joins us at a pivotal moment in our evolution as a supplier, as we further establish ourselves as a leading geolocation technology provider in the iGaming space. His extensive experience in driving operational excellence and strategic execution will be invaluable as we continue to expand our global footprint and deliver on our ambitious vision.”

Chris Boni, Chief of Staff of Xpoint, added: “I’m excited to join Xpoint at this pivotal juncture. My focus will be on driving strategic alignment across the organization and enhancing our operational execution to ensure Xpoint is moving efficiently toward its goals. I look forward to collaborating with the leadership team to transform our ambitious vision into sustainable, tangible growth for all stakeholders.”

Internet Vikings extends NetGaming hosting deal to include New Jersey and Michigan

Internet Vikings, a licensed hosting provider for the European and U.S. iGaming and online sports betting industry, has announced the expansion of its partnership with NetGaming, a provider of gaming solutions to leading online gaming and casino operators, to include New Jersey and Michigan markets.

This expansion follows NetGaming’s successful Ontario launch in 2024 powered by Internet Vikings’ hosting infrastructure. The expanded partnership enables Internet Vikings to support NetGaming’s delivery of proprietary gaming technology and unique game engine across three major North American markets, leveraging Internet Vikings’ advanced hosting infrastructure and fully licensed in-state capabilities.

“Their technical advantage combined with their custom approach makes expanding into New Jersey and Michigan a natural next step. They understand our business needs and consistently deliver the reliability we require to serve our players,” said Pallavi Deshmukh, CEO of NetGaming.

NetGaming selected Internet Vikings based on technology capabilities and service quality. What sets the partnership apart is Internet Vikings’ flexibility and clear communication.

Rickard-Vikstrom-l-Founder-and-CEO-of-Internet-Vikings
Rickard Vikstrom, Founder & CEO of Internet Vikings

“We’re proud that NetGaming chose Internet Vikings not only for our advanced data center operations and infrastructure stability, but also for our people and approach,” said Rickard Vikström, CEO and Founder of Internet Vikings. “Our positive culture and values align with NetGaming’s, and our flexibility allows us to find the right solutions for our clients.”

The partnership supports NetGaming’s continued growth across North American markets, with Internet Vikings providing the infrastructure needed for successful operations in multiple jurisdictions.

Osaka plans new leisure facilities around future MGM resort site after Expo 2025 closure

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The Osaka prefectural and city governments are considering turning the Yumeshima Island — which hosted the now-concluded Expo 2025 Osaka-Kansai — into an international tourism hub anchored by Japan’s first casino-integrated resort, MGM Osaka

The move follows the official closure of the six-month World Expo on October 13th.

According to a report by The Japan News, the post-Expo redevelopment will unfold in three stages, transforming the artificial island in Osaka’s Konohana Ward into a large-scale entertainment and leisure destination. The second and third stages will redevelop the former Expo grounds into a mix of commercial and recreational facilities aimed at complementing the integrated resort slated to open in 2030.

Plans under consideration include the creation of a 50-hectare recreation zone featuring a racing circuit, a water park, a hotel, and a multi-purpose arena. A 200-meter stretch of the Expo’s signature two-kilometer Grand Ring structure will be preserved and turned into the centerpiece of a new 3.3-hectare park. The remaining portions of the site are expected to be developed by private companies, with Osaka authorities planning to publicly invite corporate participants in spring 2026.

While timelines for the second and third development stages remain undecided, the city aims to build synergy between the Expo site’s transformation and the integrated resort project to enhance Osaka’s long-term tourism appeal.

Osaka

Preserving Expo legacy

The Grand Ring, initially designed as a temporary wooden structure, was scheduled for dismantling after the Expo. However, growing public enthusiasm during the event prompted a policy shift in September, when local and national governments agreed to retain part of it. 

The cost of reinforcing and maintaining the structure over the next decade is estimated at up to JPY9 billion ($59.5 million), potentially funded through surplus Expo proceeds.

MGM-Orix, Osaka Integrated Resort, Japan

Integrated resort development

The first phase of the Yumeshima development focuses on the MGM Osaka integrated resort — a joint venture between MGM Resorts International and Japan’s Orix Corporation — currently under construction on a 49-hectare site north of the Expo grounds.

Backed by an initial investment of JPY1.27 trillion ($8.9 billion), the project’s total cost could rise to as much as JPY1.5 trillion ($10.2 billion) amid inflation and rising construction expenses. Construction began in April 2025, with the opening targeted for autumn 2030. The resort is expected to attract around 20 million visitors annually, contributing significantly to Osaka’s tourism economy.

Hideyuki Araki, chief researcher at Resona Research Institute, told The Japan News that “the Expo site is vast, and synergy with the IR is expected.” He added, “It is important not to simply end the project with a large-scale development, but to adopt strategies with a medium- to long-term economic outlook.”

The Osaka government also plans to introduce measures against gambling addiction, including the establishment of an organization to provide integrated services ranging from consultation to treatment and recovery support.

GR8 Tech partners with BongoBongo to strengthen expansion in Africa

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GR8 Tech has entered into a strategic alliance with BongoBongo, a prominent iGaming brand active in Uganda, Zambia, Tanzania, and Kenya, known for its ambitious growth and focused market approach.

Now, that momentum continues with the launch of GR8 Tech’s ULTIM8 Sportsbook—a high-performance solution built for ultimate speed, scale, and competitive edge.

GR8 Tech launches ULTIM8 Sportsbook iFrame, the ultimate solution for operators

While the iFrame integration already powers live operations, BongoBongo is also one of the first brands to leverage GR8 Tech’s robust backend integration via API. This will enable BongoBongo to take full control of the front end, tailoring the player experience to its brand vision while relying on GR8 Tech’s infrastructure under the hood. It’s a heavyweight blend of freedom and firepower, built for operators ready to differentiate and dominate.

“As we continue to grow across Africa and expand our local teams, having a high-performance sportsbook that complements our casino-first strategy is key. GR8 Tech gives us exactly that: the freedom to shape our frontend on top of a powerful, scalable engine. With the ULTIM8 solution and API, we’re ready to raise the bar for our players,” said the CEO at BongoBongo.

GR8 Tech’s Proven Success in Africa

GR8 Tech has already demonstrated strong traction in Africa by delivering a custom light sportsbook frontend for a regional operator in 2024. Designed for real-world conditions typical for the region, such as slow networks, older devices, and limited bandwidth, the solution prioritized speed and performance. The results were striking: conversion from registration to first deposit rose by 12% and user retention more than doubled, from 10% to 25%.

Yevhen Krazhan, CSO, GR8 Tech
Yevhen Krazhan, CSO at GR8 Tech

It was a strategic localization. GR8 Tech’s ability to blend performance engineering with market-specific UX shows what’s possible when products are built to meet the moment. In Africa and beyond, this is how heavyweight platforms win.

“Every market has its own demands, and success comes from listening closely and building accordingly. With Africa, we’ve proven that smart technical decisions drive long-term value. Now, with BongoBongo, we’re doubling down on that principle. They have bold plans and deep market insight, and we’re excited to support their next phase with tech that’s fast, flexible, and built to scale with their vision,” added Yevhen Krazhan, CSO at GR8 Tech. 

Connect with GR8 Tech at the upcoming SiGMA Central Europe to discover new developments and explore opportunities. 

Galaxy CFO Ted Chan to step down with Thomas Arasi to take over

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Galaxy Entertainment Group (GEG) announced that Chief Financial Officer Ted Chan will step down later this year, with veteran executive Thomas Arasi named as his successor effective October 27th.

Chan, who joined GEG in 2018 and took on the CFO role in March 2023, will officially leave the company on November 22nd. He previously served as Chief Operating Officer for the group’s Japan development project.

In an announcement this Tuesday, GEG Chairman Francis Lui praised Chan’s seven-year tenure, citing his leadership in finance operations, corporate finance and investor relations. “Ted played a key role in consolidating the company’s position as a market leader”, Lui said, adding that Chan had chosen to pursue personal interests.

Chan expressed gratitude for the opportunity to serve the company, calling the experience “professionally rewarding and personally enriching.”

Arasi, who brings more than 35 years of corporate experience across financial services, hospitality and integrated resorts, will assume the CFO role later this month. He has held leadership positions in North America, Japan, Singapore and the Philippines.

“I am confident that under Tom’s leadership we will continue to have an exceptionally strong finance function to support the Group’s business performance and strategic growth”, Lui said, noting that Chan and Arasi will work together to ensure a smooth transition.

Genting’s $1.6B bid to take Genting Malaysia private could lift long-term value: Maybank

Genting Berhad’s proposed MYR6.74 billion ($1.6 billion) plan to acquire full ownership of its subsidiary Genting Malaysia Berhad could significantly enhance its long-term value if successful, according to a new report by Maybank Investment Bank.

The Malaysian conglomerate on Monday launched a conditional voluntary takeover offer (VTO) to acquire the 2.87 billion shares (50.64 percent) of Genting Malaysia that it does not already own, offering MYR2.35 ($0.49) per share in cash, the company said in a filing to Bursa Malaysia on October 13th. Genting currently holds a 49.36 percent stake in the leisure and hospitality arm.

If the offer receives sufficient shareholder acceptance, Genting intends to delist Genting Malaysia from Bursa Malaysia. The VTO will cost MYR6.7 billion ($1.58 billion), largely financed through MYR6.3 billion ($1.48 billion) in new debt at a 5.2 percent interest rate, alongside internal funds.

According to Maybank’s analysis, the transaction initially appears unfavorable for Genting, as it values Genting Malaysia at 26x and 25x price-to-earnings ratios for FY2025E and FY2026E, compared with Genting’s own 13x and 9x multiples. The higher gearing—expected to rise from 43 percent to 50 percent—and additional interest costs are projected to offset incremental earnings from consolidation, resulting in minimal short-term earnings accretion.

However, Maybank notes substantial long-term upside if Genting succeeds in privatizing Genting Malaysia and gains direct exposure to its key growth catalysts. These include the potential revaluation of its Miami land, acquired in 2011 for $442 million (MYR2.0 billion) but valued by the market at $1.2 billion (MYR5.4 billion); the possible sale of Empire Resorts’ non-gaming assets in New York; and the prospect of securing a downstate commercial casino license in the United States.

‘If Genting successfully privatizes Genting Malaysia and these catalysts accrue directly to the parent, earnings could rise by up to 51 percent, and its sum-of-the-parts fair value could increase to MYR4.25 ($0.89) per share,’ Maybank Investment Bank analyst Samuel Yin Shao Yang wrote in the note.

Maybank raised its target price for Genting to MYR3.94 ($0.82), up 6 percent from MYR3.70 ($0.77), while maintaining a ‘Buy’ recommendation. The bank highlighted that Genting’s “blue sky” scenario—factoring in asset revaluation, a potential US casino license win, and asset divestment—could further enhance shareholder returns.

Genting Malaysia operates Resorts World Genting in Malaysia and holds stakes in Resorts World New York City and Resorts World Bimini in the Bahamas. Genting Berhad also owns significant interests in Genting Singapore, Genting Plantations, and Resorts World Las Vegas, making it one of Asia’s largest integrated leisure and entertainment groups.

Macau’s October GGR outlook cut to 3–6% growth amid weak holiday showing: JP Morgan

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JP Morgan has significantly revised down its October gross gaming revenue (GGR) forecast for Macau following a lackluster Golden Week performance, with analysts now projecting growth of just 3-6 percent year-on-year compared to their previous estimate of over 11 percent.

The downgrade comes after Golden Week data revealed a 5 percent yearly decline in gaming revenue, prompting the investment bank to lower its fourth-quarter 2025 forecast to 9 percent growth from a previous projection of 13 percent.

In a research note released on October 14th, 2025, JP Morgan analysts DS Kim, Selina Li and Lindsey Qian stated the bank is ‘erring on the side of caution’ given the weaker-than-expected start to the quarter.

‘The quarter didn’t start with a bang—Golden Week numbers were not so golden, down 5 percent YoY,’ the report noted, though analysts emphasized this should be viewed as ‘a temporary setback’ rather than a fundamental deterioration in Macau’s gaming sector.

Multiple factors behind underperformance

JP Morgan identified several contributing factors to the Golden Week disappointment. Typhoon disruptions on October 5th directly impacted gaming operations, while the timing of the Mid-Autumn Festival gathering on October 6th—typically observed in September—may have affected mass market participation.

Additionally, the Formula 1 Singapore Grand Prix, held October 3rd-5th instead of its usual September slot, likely diverted high-end gaming customers away from Macau.

The bank acknowledged inherent uncertainties in industry data collection, noting ‘with the usual noise & margin of error in consultant checks, we don’t view the Golden Week data as a conclusive red flag for fundamentals.’

Macau, cotai-strip, Gaming revenue, Macau GGR, gaming operators

Earnings season outlook dampened

Looking ahead to the third-quarter earnings season extending through November, JP Morgan projected ‘uninspiring’ results across Macau’s six licensed operators. The firm estimates industry EBITDA rose 7-8 percent year-on-year and 1-2 percent quarter-on-quarter in 3Q25, with margins holding steady despite an estimated 3 percent impact from casino shutdowns due to September’s super typhoon.

Despite the near-term headwinds, JP Morgan maintained its overweight ratings on Galaxy Entertainment, Sands China, Wynn Macau, MGM China, and Melco Resorts. The bank emphasized that ‘easy comps kick in from December,’ which should drive industry GGR acceleration to mid-teens growth in December and low teens in 1Q26.

‘The sector warrants further monitoring in the coming weeks before calling a trend,’ the report concluded, suggesting investors exercise patience until demand growth accelerates to double-digits, likely from December into 1Q26.

Daily Asia Gaming eBrief: Analysts evaluating impact of NBA event at Venetian Macau

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Good Morning. Basketball fever. But hopefully this hot streak is here to stay. Analysts are now evaluating the impact that the massive NBA China Games event at the Venetian in Macau will have on the operator, as well as the spillover effects on rivals. Coupled with the Golden Week holiday, analysts’ expectations for this year’s GGR are high, with Sands China particularly well placed for market share gains. Looking to acquisitions, Genting is planning to obtain full control of Genting Malaysia and delist the entity, aiming to focus its investments and strategy on key assets.

What you need to know


On the radar


AGB Intelligence

Sands China NBA China Games 2025 event

Analysts focused on outcome from NBA China Games

As the earnings season comes up, analysts are likely to be focusing on the outcome of the recent NBA China Games, which kicked off at the Venetian Macau, to weigh consumer sentiment, brand visibility and visitor influx generated by the event. The return of the NBA after six years to China, marked by the Macau showcase, is a key part of Sands China’s bid to up its game after underperforming in previous quarters. But the event, and similar showcases in Macau, lift analysts’ expectations for FY25 GGR, with hopes for strong growth.

Corporate Spotlight

90-Day Playbook for Winning Asia’s Gaming Market | GR8 Tech

GR8 Tech, Kate Pozdnysheva

Every operator can launch, but few can lead. In Asia, leadership is won in the 90 days after go-live, when payments feel effortless, content resonates locally, and every touchpoint builds trust.


Industry Updates


INTELLIGENCE | ASEAN | CAREERS

Ainsworth CEO Harald Neumann steps down

Just days after the Nevada Gaming Control Board pushed for Harald Neumann to withdraw an application to operate a gaming company, the executive is stepping down from his role as CEO of Ainsworth Game Technology.

In a release on Monday, the company indicated that ‘Harald Neumann has resigned from the role as CEO, with immediate effect’.

In the interim period, current COO, Ryan Comstock, has been elevated to acting CEO, ‘effective immediately’.

Nevada Gaming Control Board

A previous company release, dated to October 9th, indicates that, following the rejection by the Nevada Gaming Control Board, the company’s board “is undertaking a review of Mr Neumann’s role following the outcome of the NGCB’s meeting and will provide further details to the market once this review is completed”.

According to reports, when under review by the NGCB, the executive was accused of multiple failings, including suppressing phone records and lying on a visa application.

The NGCB indicated that the executive had been “very difficult to work with” in its investigation, following previous allegations regarding Neumann’s time leading Novomatic.

Novomatic had previously made a bid to take over Ainsworth, aiming to gain control of the remaining shares it did not already own (52.9 percent).