Altenar, a top sportsbook and iGaming software provider, has enhanced its Intelligence Platform to offer advanced personalization, improved efficiency, and robust player protection for optimized sportsbook operations.
Developed in-house, the enhanced Intelligence Platform enables operators to leverage data more effectively through a centralized interface that supports automated user segmentation, audience group creation, and real-time reporting.
By consolidating data sources into a single repository, the platform streamlines analysis, enabling operators to quickly gain actionable insights and respond to market demands.
The platform’s behavioral analysis feature supports targeted marketing by personalizing offers based on each player’s betting habits and preferences. Historical data tracking further enables operators to monitor long-term trends, guiding data-driven decision-making that supports strategic growth.
Additionally, the solution strengthens responsible gambling efforts by detecting patterns linked to potential problem gambling and fraudulent activities, thereby safeguarding player safety and operator interests alike.
Dinos Doxiadis, Altenar’s Sportsbook Product Manager,commented: “Our Intelligence Platform is one of the most advanced data solutions available, offering ultra-fast reporting, real-time liability analysis, and robust ad-hoc analytics. With this foundation, we’re excited to expand into AI-driven advancements in 2025 and beyond. We invite attendees at SiGMA Europe 2024 in Malta from November 12-14 to visit us at Booth 1070 and discover how our Intelligence Platform can transform sportsbook operations and provide a true competitive edge.”
Kambi Group (“Kambi”), a premium provider of sports betting solutions, has signed a multi-year agreement with VIP Play, Inc. (VIPZ) to provide its market-leading Turnkey Sportsbook technology to US sports betting operator ZenSports across multiple markets.
ZenSports, which is owned by VIP Play, Inc. (formerly KeyStar Corp), a public company that acquired ZenSports in 2022, will initially deploy Kambi’s market-leading technology in Tennessee, where it has been operational since its 2023 launch and is actively licensed to provide mobile sports betting services. The company also has ambitious plans to expand its footprint across various markets, aiming to enter several additional US states in the future.
Under the terms of the agreement, ZenSports will upgrade its current mobile sportsbook offering by leveraging Kambi’s cutting-edge Turnkey Sportsbook solution, proven to deliver speed, stability, and flexibility in highly competitive markets across the globe. ZenSports aims to utilize Kambi’s comprehensive sportsbook solution to create a premium, customer-centric experience by delivering an interactive front end inclusive of market-leading customer acquisition tools.
Werner Becher, Kambi Group CEO, said: “We are excited to welcome VIP Play, Inc. to the Kambi network as they adopt our trusted Turnkey Sportsbook solution. They have ambitious growth goals, and we look forward to supporting these efforts with Kambi’s market-leading sportsbook technology and services. This collaboration exemplifies our commitment to empowering operators focused on creating innovative, customer-centered experiences.”
Bruce Cassidy, VIP Play, Inc. CEO & Chairman of the Board, said: “This partnership with Kambi is a pivotal step for VIP Play, Inc. as we work towards establishing a premier sportsbook presence in the US. Kambi’s market-leading technology, and our internal ability to build proprietary technology on top of the Kambi platform, will enable us to deliver a first-class, interactive sports betting experience and a mutually beneficial partnership for years to come.”
Sands China has announced a unique event that will bring the lifestyle and entertainment aspects of the NBA to Macau, featuring legends of the game, pop superstars, and influencers. The NBA Legends Celebrity Game, presented by Sands China, will be hosted at the recently renovated Venetian Arena on December 7, 2024.
The Venetian Arena, Sand Resorts
The game will also feature performances by an NBA dance team, a shooting and skills challenge, and a slam dunk show, and is expected to attract fans from across Asia.
The six basketball legends headlining the event are:
Tracy McGrady – seven-time NBA All-Star and Hall of Famer;
Ray Allen – two-time NBA champion, 10-time NBA All-Star and Hall of Famer;
Tony Parker – four-time NBA champion, six-time NBA All-Star and Hall of Famer;
Stephon Marbury – two-time NBA All-Star and three-time CBA champion;
DeMarcus Cousins – four-time NBA All-Star;
Cuttino Mobley – Houston Rockets legend known as the Cat.
They will be joined by a roster of pop superstars and influencers, including Sammi Cheng and Raymond Lam, who will perform in the highly anticipated event.
Grant Chum, Chief Executive Officer and President of Sands China Ltd. said, “Basketball is one of the most popular sports in the region, we are delighted to host the NBA Legends Celebrity Game at The Venetian Arena, which we have upgraded and transformed into a dynamic venue that is best in class for live entertainment, sports and MICE events.”
“This game not only represents our dedication to sports entertainment, it also aligns with Sands’ commitment to integrating tourism and sports, creating unforgettable experiences for our guests from around the region and our local community. We look forward to hosting more exceptional events at our world-class destinations in Macao.”
Basketball fans will not want to miss this rare opportunity to be part of this exciting event and see these legends and celebrities in action. Tickets will go on sale at 12 pm on Nov. 7, 2024, via Cotai Ticketing, Macau Ticket, and Ctrip.
Ticketing Details:
EventNBA Legends Celebrity Game Presented by Sands China
The Philippine Amusement and Gaming Corporation (PAGCOR) formally opened the second leg of the 2024 PAGCOR Photography Contest Exhibit on Wednesday, November 6, at The Grove at Newport Mall in Pasay City.
Held in partnership with Newport World Resorts (NWR), the exhibit features the 48 grand finalists of the PAGCOR 2024 photo contest to give the public a creative glimpse into the country’s bountiful harvest season.
With the theme “Harvest Time,” PAGCOR’s photo competition this year captured the beauty and richness of the Philippines’ agricultural resources, and the hard work of Filipino farmers, growers, and fishermen through the lens of talented photographers.
“These 48 grand finalists from our recently concluded photo contest are the ones that stood out from over 4,000 photo entries that we received,” said PAGCOR Chairman and CEO Alejandro H. Tengco who graced the event’s ribbon-cutting ceremony.
“Each photo on display here is a testament to the incredible talent and creativity of Filipino photographers,” he said.
“The goal of this annual photo contest is to encourage not only professional and seasoned photographers to participate but also to push budding photography enthusiasts to explore their talents, celebrate their creativity, and showcase the country’s unique character, beauty, and traditions using photography as a medium,” Mr. Tengco added.
The PAGCOR chief was joined in the ceremony by NWR Chairman Kevin Tan and NWR President and CEO Nilo Thaddeus Rodriguez.
For his part, Rodriguez said that hosting the exhibit for the winning pieces of PAGCOR’s 2024 Photography contest is an honor for NWR.
“We at Newport World Resorts have long been advocates of Filipino talent and showcasing the best of the Philippines throughout our properties and our signature brand of service,” he said.
During the ribbon-cutting ceremony, Mr. Tengco also announced PAGCOR’s photo contest theme for next year: Infrastructure for Economic Development.
“Our theme for next year’s photo contest aims to highlight the vital role of the country’s major infrastructure projects – such as highways, roads, bridges, air, and seaports, among others – as catalysts for the nation’s economic growth and prosperity,” he said.
The NWR exhibit, which will run until January 6, 2025, also features the “Expert Photographers Speak”, a photo appreciation session with seasoned lensmen Jijo de Guzman and Jay Jallorina.
De Guzman’s lecture, “Vision and Voice”, will be held on November 21 while Jallorina’s talk, “Build, Build Capture”, will highlight advanced techniques for photographing cityscapes and infrastructure and will be held on December 6.
Both photography learning sessions are open to the public for free and will be held at 2:00 p.m., 2/F at The Grove Newport Mall.
Indian casino operator Delta Corp has experienced a sharp decline in revenue and net profits during the third quarter of 2024 compared to the same period last year, primarily due to a slowdown in gaming operations.
Total revenue for the third quarter reached Rs2.06 billion ($24.9 million), reflecting a decrease of 24.4 percent from Rs2.73 billion ($33.1 million) in the same quarter of 2023.
Net income fell to Rs0.27 billion ($3.3 million), down 61.1 percent from Rs0.69 billion ($8.4 million) reported in the previous year.
For the six-month period ending September 30, 2024, Delta Corp reported total sales of Rs4.02 billion ($48.7 million), a decline of 26.5 percent from Rs5.46 billion ($66.5 million) in the same period last year.
The net income for the first half was Rs0.49 billion ($5.9 million), down 64.6 percent from Rs1.37 billion ($16.5 million) in the previous year.
Delta Corp Limited operates some of the largest offshore casinos in India, including Deltin Royale, Deltin JAQK, and Kings Casino. The company also owns and operates Deltin Suites, a 106-room all-suite hotel with a casino in Goa, as well as Casino Deltin Denzong at the Denzong Regency Hotel in Gangtok, Sikkim.
In addition, Delta Corp owns and operates The Deltin, a 176-room five-star hotel in Daman that is an integrated resort with a proposed casino. The company also owns and operates the online poker site Adda52.com and the online rummy site Adda52rummy.com.
In September, the company announced a strategic move to separate its gaming business from its hospitality and real estate divisions.
Thailand’s steps towards legalizing gambling will greatly enhance foreign tourist arrivals, according to Omri Morgenshtern, CEO of Agoda, an Asia-focused online travel agency.
According to Reuters, Morgenshtern highlighted on Wednesday the potential of casinos and related attractions to invigorate the tourism sector in this economy heavily reliant on visitors.
The Thai government is planning to launch its first large-scale “entertainment complex,” which will feature a casino as part of its strategy to create jobs and attract more tourists and investments.
This initiative is one of the primary objectives of newly elected Prime Minister Paetongtarn Shinawatra, who is focused on increasing government revenue through mega-projects like entertainment complexes.
Morgenshtern noted that the allure of gambling often comes with a range of entertainment options, citing successful destinations like Macau and Las Vegas, known for their vibrant shows, diverse dining experiences, and luxury accommodations.
In addition to casinos, he emphasized the importance of family-friendly attractions, such as amusement parks and museums, pointing to Singapore’s Marina Bay Sands as a successful model. Morgenshtern also mentioned that casinos can help offset seasonal fluctuations in tourism, potentially increasing visitor numbers during off-peak times.
Tourism is vital to Thailand’s economy, which is the second-largest in Southeast Asia. The country recorded a 29 percent increase in foreign arrivals in the first ten months of this year compared to the same period last year.
Currently, while some forms of gambling are allowed, including state-run horse racing and a national lottery, illegal gambling remains widespread. Previous efforts to legalize casinos have faced significant opposition from conservative groups and parts of the public.
The Thai government argues that the lack of legal casinos is costing the country valuable tax revenue and tourism opportunities, especially as neighboring countries such as Cambodia, Singapore, the Philippines, Laos, and Myanmar have successfully developed large casino complexes.
In 2019, Thailand welcomed a record 39.9 million foreign visitors, generating approximately THB1.91 trillion ($56 billion) in revenue.
Thailand plans to double passenger capacity across six major airports by 2032, with an investment of at least THB97 billion ($2.86 billion) to support anticipated tourism growth.
Galaxy Entertainment Group (GEG) reported strong financial performance for the third quarter of 2024, with an 11 percent year-on-year increase in group revenue to HK$10.7 billion ($1.38 billion).
This growth reflects the company’s solid position as a key player in the region’s gaming and hospitality sectors, despite a 2 percent decline in revenue compared to the previous quarter.
According to the financial results released on Thursday morning, GEG’s group adjusted EBITDA for 3Q24 was HK$2.9 billion ($373 million), representing a 6 percent increase year-on-year, but a 7 percent decrease compared to the previous quarter.
The company’s gaming operations experienced an unlucky quarter in 3Q24, leading to an approximate HK$165 million reduction in adjusted EBITDA. However, when normalized, 3Q24 adjusted EBITDA stood at HK$3.1 billion ($399 million), up 7 percent year-on-year, though slightly down by 3 percent compared to the previous quarter.
As of September 30th, 2024, GEG’s balance sheet remained healthy, with cash and liquid investments totaling HK$28.6 billion ($3.68 billion). The company reported a net position of HK$27.4 billion ($3.53 billion), after accounting for HK$1.2 billion ($154 million) in debt.
GEG also paid an interim dividend of HK$0.50 ($0.064) per share on October 25th, 2024, demonstrating its commitment to rewarding shareholders.
Despite the challenges faced in 3Q24, GEG remains well-positioned for future growth. With a strong financial foundation and strategic focus, the company is poised to navigate future opportunities and challenges in the dynamic gaming and hospitality markets.
Galaxy Macau
Galaxy Macau hotel occupancy rate reaches 98 percent
Galaxy Macau, GEG’s integrated resort located in the Cotai area, continues to be a major revenue generator for GEG. In 3Q24, Galaxy Macau’s net revenue totaled HK$8.4 billion ($1.08 billion), up 10 percent year-on-year but down 3 percent compared to the previous quarter.
This two-digit revenue growth underscores the property’s resilience, even though its adjusted EBITDA remained flat year-on-year at HK$2.6 billion ($335 million), representing an 8 percent decline from the previous quarter.
Unfavorable gaming results in 3Q24 led to a decrease in adjusted EBITDA by approximately HK$180 million ($23.2 million). However, normalized adjusted EBITDA for the quarter stood at HK$2.7 billion ($347 million), up 2 percent year-on-year, though slightly down by 3 percent compared to the previous quarter.
Hotel occupancy across Galaxy Macau’s seven hotels reached an impressive 98 percent in 3Q24, reflecting strong demand for the resort’s accommodations. This solid performance in the hospitality sector aligns with the company’s strategic position for future growth, reinforcing Galaxy Macau’s key role in GEG’s portfolio.
In addition to Galaxy Macau, StarWorld Macau also contributed positively, with 3Q24 net revenue of HK$1.3 billion ($167 million), up 9 percent year-on-year and 1 percent quarter-on-quarter.
Adjusted EBITDA for StarWorld Macau reached HK$396 million, up 14 percent year-on-year and 2 percent quarter-on-quarter. The property experienced favorable gaming results in 3Q24, which contributed an additional HK$15 million ($1.9 million) to adjusted EBITDA, bringing the normalized figure to HK$381 million ($49 million)—up 9 percent year-on-year and 7 percent quarter-on-quarter. StarWorld achieved full hotel occupancy in 3Q24, with a 100 percent rate.
StarWorld MacauBroadway Macau
Additionally, Broadway Macau and the City Clubs also made positive contributions. Broadway Macau’s 3Q24 adjusted EBITDA improved to HK$11 million ($1.4 million), compared to a loss of HK$14 million ($1.8 million) in 3Q23, while the City Clubs reported a 20 percent increase in adjusted EBITDA both year-on-year and quarter-on-quarter. The City Clubs division operates GEG’s satellite casinos and hotels.
The Judiciary Police convened with the Gaming Inspection and Coordination Bureau (DICJ) and representatives from the six Macau gaming operators to discuss the implementation of the new “Law on Illegal Gambling Activities,” aimed at comprehensively addressing gambling-related criminal activities.
Law No. 20/2024, effective from October 29th, 2024, seeks to enhance measures against gambling-related crimes by imposing harsher penalties for “illegal lending for gambling” and introducing new offenses such as “operating illegal currency exchange for gambling.” These measures are designed to intensify efforts against illegal gambling activities.
According to a press release from the Judiciary Police published on WeChat Wednesday evening, a meeting was held on October 18th to discuss enforcement priorities following the law’s enactment. Key officials present included the head of the Judiciary Police’s Gambling and Economic Crime Investigation Department and the head of the Gambling Crime Investigation Division, along with relevant leaders from the Gaming Inspection Bureau.
On November 1st, a specialized meeting was held between the Judiciary Police and six gaming operators—MGM, Galaxy, Sands China, Melco Resorts, Wynn Macau, and SJM Holdings—to discuss prevention and combat strategies against illegal currency exchange crimes. This meeting involved several Judiciary Police officials and 17 representatives from the security and surveillance departments of these companies.
The discussions focused on optimizing intelligence sharing regarding illegal currency exchange and enhancing tripartite reporting mechanisms to proactively detect and address currency exchange crime risks both within and outside casinos.
Joint patrols enhance security in casinos
On the same evening, a joint operation involving 17 personnel from both the Judiciary Police and the Gaming Inspection Bureau was conducted across multiple casinos in Cotai. The operation involved security checks within these establishments. A total of 146 individuals were intercepted, with no illegal currency exchange or other crimes detected. However, three mainland residents overstaying their visas were handed over to public security authorities after an investigation.
The Judiciary Police emphasized that under the new law, conducting money exchange activities within or near casinos is presumed to be for gambling purposes. Violators may face up to five years in prison, with all funds or items related to such crimes confiscated for the benefit of the Macao Special Administrative Region.
The Judiciary Police reiterated their commitment to combating “money changers” and urged the public and tourists to use legal channels for currency exchange to avoid involvement in criminal activities.
The Judiciary Police emphasized that they will continue collaborating with the Gaming Inspection Bureau and gaming companies to proactively prevent gambling-related crimes and illegal activities. They will also regularly review and improve cooperation mechanisms, reporting procedures, and emergency plans to maintain order and security in casinos and surrounding areas.
Good morning. Bookies and punters played their Trump card in the US elections, favoring the former president over VP Kamala Harris. Those following betting sites were more likely to predict the outcome than the polls, which had favored a new twist for the top seat. Meanwhile, in Macau, Melco’s management is confident about its strategies going forward, amongst a new marketing push, despite not gaining ground in regards to market share.
What you need to know
Bookies again were a better gauge of the US presidential elections than most conventional polls issued, with most having predicted a Trump victory.
Despite no immediate market share growth, Melco’s management remains positive about the long-term potential of their new marketing strategy.
A Donald Trump victory in the US elections is now all but guaranteed. And it appears that bookies and punters had a better idea of the outcome than polls, which were favoring Kamala Harris. The elections brought a heavy amount of attention worldwide, encouraging a strong rise in political betting amounts, as punters put their money on the line.
Asia is the most populated continent on the planet and Football is the No. 1 sport in most countries. The World Cup qualifying matches are traditionally watched by billions of fans in the region, but FIFA has decided to reward Asia with a significant representation at the tournament only now.
Altenar, a leading sportsbook provider is bringing its global expertise to Asia, looking to expand its operations. Since 2011, Altenar has powered hundreds of online sports betting sites worldwide and is a major B2B provider in Europe and Latin America licensed markets.
With a Trump victory in the US presidential elections pretty much assured, bookies again were a better gauge of the result than most conventional polls issued before the election.
A total of $1.8 billion has been bet worldwide on the US election, Polymarket reported, with most bookies having favored Donald Trump’s odds to regain his seat at the White House.
Unlike polls, which survey voters directly, betting markets reflect the sentiments and behaviors of those willing to put money into an outcome.
According to the Conversation, a nonprofit news organization, the betting favorite has only lost twice since 1866: in 2016, when then-Secretary of State Hillary Clinton was favored over Trump throughout the campaign, only to lose, and in 1948, when Democrat Harry Truman beat 8-to-1 odds to defeat Republican Thomas Dewey.
As recently as midweek, the betting at Polymarket gave Trump a 67 percent chance of winning, odds that still went down to 58 percent shortly before the election, with Harris’ chances having risen from 33 to 42.
Presidential election betting can’t be done legally in the US, and much of the information came from UK bookmakers, which mostly gave Trump a clear edge.
Betfair Exchange, for example, the biggest UK peer-to-peer betting platform, predicted last week that Trump would likely win, giving him 1.63 odds to win the election, over Harris with 2.56
Ladbrokes offered bets on Trump winning at 8/13, equivalent to a 62 percent chance, and Harris 11/8, equivalent to 42 percent. Gamblers at PredictIt seemed to have been the only cautious ones, with odds exactly level at 52 percent shortly before the election.
Meanwhile, the final six public polls right before the election basically told the same story as each other and the previous polls in October, a razor-thin margin. Three of those last six polls were actual ties; one has Kamala Harris ahead by three points; the others have Donald Trump up by one point and two points.
For example, a national poll of likely voters from Emerson College found that Trump and Harris had 49 percent support each among US voters. At the same time, a poll released Sunday by ABC News/Ipsos found that Harris had 49 percent support among likely voters, and Trump trailed behind at 46 percent.
In the FiveThirtyEight’s National Polls tracker, Harris held a narrow lead of 1 percentage point over Trump, while a poll released Sunday by The New York Times and Siena College claimed that Harris has pulled ahead of Trump in North Carolina and Wisconsin, crucial swing states that ended up leaning towards the Republican candidate.
All this, despite a majority of pollsters having changed their methods since the 2016 and 2020 presidential elections, where Trump’s performance was significantly underestimated.
“We don’t always see the misses in the same direction,” Chris Jackson, the senior vice president of public affairs for Ipsos stated recently. “I can tell you that the polling industry has made substantial changes to how we do our surveys to try to account for what we think was driving those errors in 2020″.
