Good Morning. Stricter regulations implemented by the Philippines’ regulator on the offshore gaming industry have not limited the sector’s potential, the CEO of Winn Tech Inc, Wilson Fang, told AGB in an interview. According to Fang, the regulations will be essential to secure the industry’s further growth, while assuring it complies with better transparency standards. Meanwhile, rating agency Fitch believes that the strong rebound in the Macau market was a significant driver for Las Vegas Sands’ overall credit improvement.
What you need to know
- Offshore gaming industry in the Philippines still holds great opportunities, despite stricter regulations: Winn Tech CEO.
- Fitch: strong rebound in Macau drives Las Vegas Sands’ overall credit improvement but dividend distribution will only be in 2026.
On the radar
- Mohegan INSPIRE opened foreigner-only casino on February 3rd.
- South Korea’s Paradise records a 55% uptick in January gaming revenue.
- Jeju Dream Tower casino performance up 267.3% YOY in January.
- India targets $1.7 billion in gambling tax takings for 2024.
AGB Intelligence
PHILIPPINES
Regulatory oversight won’t limit Philipines’ offshore gaming potential
In an interview with AGB, the CEO of remote slot provider Winn Tech, Wilson Fang, commented that the Philippines’ offshore gaming industry still holds great opportunities, despite the stricter regulations implemented by the Philippine Amusement and Gaming Corporation. Fang considered that the new regulations over the Philippines offshore gaming industry will help improve “compliance and regulatory standards” and provide “better transparency”, being an important step to secure the industry’s further growth.
Aruze Gaming laser-focused on slots: Betty Zhao
Aruze Gaming Global is dedicating itself entirely to slots, following the company’s reorganization last year, with Senior Vice President of International Operations Betty Zhao noting that Asia-themed games are a roaring success across all markets.
Corporate Spotlight
1xBet sums up 2023: Innovations, awards, partners and winnings
1xBet is writing a success story with you and is happy to share its achievements in 2023. During 2023, 1xBet extended sponsorship agreements with world-famous sports clubs, cooperated with new partners and ambassadors, collected awards, and paid millions of dollars in winnings!
Industry Updates
- Gamingtec will attend ASEAN Gaming Summit 2024 in Asia.
- Entain launches its first Data Academy.
Registration open for the ASEAN Gaming Summit 2024
Registrations for the 2024 ASEAN Gaming Summit, the calendar conference of excellence of the gaming industry in the region, are officially open. Scheduled from 19th to 21st March 2024, the Summit is the gateway to the Next-Gen of gaming in Asia.
MEMBERSHIP | MAGAZINE | ASEAN | CAREERS
