Good Morning. Nearly everyone has felt the thrill as the little flakes of silver fall off the scratch card. In China, consumers have breathed new life into the lottery sector after the pandemic, buoying it to a $100 billion industry, bolstered by smart marketing tactics and shifting demographics. Meanwhile, Everi and IGT’s Digital business have finally merged, completing a $6.3 billion deal long in the making. Looking to Thailand, casino investors can likely take a seat (and who knows for how long), as the nation’s PM is suspended, amidst ongoing political conflict.
What you need to know
- China’s lottery industry has undergone a dramatic transformation, shaped by the sweeping effects of the COVID-19 pandemic.
- Merger of IGT’s Digital business and Everi Holdings, under Apollo, was completed in a deal worth some $6.3 billion.
- Thailand’s Constitutional Court suspends Prime Minister Paetongtarn Shinawatra from duty, furthering concerns over the casino bill.
On the radar
- Macau’s June GGR rose 19% year-on-year, surpassing $2.6 billion.
- Intralot to acquire Bally’s International’s interactive business for $3.18B.
- Curacao regulator targets use of local entities for foreign gaming licenses.
- PAGCOR allocates $877K to BI for illegal POGO worker repatriation.
- Macau Legend restructures debt amongst going concern to continue.
- Emperor Entertainment sister company reports $2.1B overdue debt.
AGB Intelligence
CHINA
$100B lottery segment booms after pandemic
While casinos are outlawed in mainland China, the lottery business has been booming in recent years. The industry generated nearly $100 billion last year, double the volume seen before the pandemic. The uptick has been shaped by strategic adaptations by the industry and evolving consumer behavior, with more demographics available through new means. And the future is looking bright.
Corporate Spotlight
Bettorify bridges European operators to Asia’s gaming markets
With over 30% of global gaming revenue projected to come from Asia soon, the window of opportunity is wide open. Bettorify’s white-label and turnkey solutions deliver what most platforms miss: sharp execution backed by real local expertise.
Industry Updates
- Evolution and Hasbro forge exclusive deal for live casino & slot content.
- Fast Track releases new AI-driven Player Churn Prediction Model.
- IGSA welcomes Worldpay as its newest payments committee member.
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