Good Morning. Scientific Games today announced a rebranding and refocusing of the company towards cross-platform gaming – bridging the gap between land-based and online, young and the old. Fittingly, today we also take a deep dive into “The Metaverse“, looking at what it is and what its relevance is to the increasingly digital gaming industry. 

What you need to know

  • Scientific Games announced it will be changing its name to Light & Wonder, Inc, reflecting a new company direction that will focus on cross-platform game development.
  • Macau gross gambling revenue rose 6 percent year-on-year in February, largely in line with analysts’ expectations, helped by a strong Chinese New Year period.
  • Melco Resorts & Entertainment said 4Q21 adjusted EBITDA almost doubled on tight cost controls, but revenue dipped due to a soft performance in the rolling chip segment and on Covid restrictions.
  • Australia’s financial crimes and anti-money laundering watchdog has begun civil penalty proceedings against Crown Resorts for “serious and systematic” breaches in the law.

On the radar

What the papers say

AGB Intelligence



Gambling on ‘the metaverse’ [Part 1]

In 2021, a metaverse-based casino company made headlines after raking in $7.5 million in revenue in just a three-month period, taking bets from as many as 6,000 virtual avatars a day. The casino, named ICE Poker Casino, exists only in the virtual 3D computer-generated world called Decentraland. Today, it is just one of many metaverse casinos found in one of many metaverse worlds. But what exactly is a metaverse casino? What is the metaverse? How does this differ from a traditional online casino? And what are the opportunities for the traditional brick-and-mortar casinos? 

Industry Updates

  • Endorphina partners with leading operator Hero Gaming!
Your Daily Asia Gaming eBrief: What you need to know about the metaverse and gaming