Good Morning. Cryptocurrency use continued to surge last year, with the emergence of stablecoins as a significant contributor to overall use and to the online gaming sector. But even as transactions boom, regulators are wary of the increase in illicit use of the funds being transferred, calling for increased oversight and caution. Meanwhile, caution is also in the air in Thailand, with the nation’s Prime Minister seeking to assuage concerns over the proposed entertainment complex bill, citing economic benefits under a Singapore-like model. Meanwhile, Genting Malaysia is getting heat over its acquisition of the remainder of shares in Empire Resorts, which could negatively impact its financial prospects.
What you need to know
- Crypto serving as a primary support for the growth of online gambling, however crime and regulation concerns are increasing.
- Thailand’s PM promotes casino complex with Singapore as model, highlighting economic benefits from private capital.
- Analysts are concerned about Genting Malaysia’s acquisition of the remaining Empire Resorts stake, noting it’s ‘not viewed positively’.
On the radar
- Chinabank plans sale of Emerald Bay property.
- SkyCity adjusts earnings estimates, as visitor spend falls.
- Macau sees 42% rise in May Day visitor arrivals.
- Emirates and Sun Group forge partnership to boost Vietnam tourism.
- Australia’s Multiplex faces increased losses due to Queen’s Wharf write-off.
- Wynn Macau grants more employee awards under ownership scheme.
AGB Intelligence
CRYPTO
Regulation concerns rise, despite boost to online gaming
The use of cryptocurrency last year continued to surge, helping to bolster the rise of the online gaming industry. Particularly the use of stablecoins has been a rising trend, but one which has also drawn the eye of regulators. Concerns over illicit use of crypto, aside from its many legitimate use cases, are prompting international agencies to express concern, in hopes to create a stable and above-board online space.
Industry Updates
- BetConstruct showcases expansive iGaming portfolio at G2E Asia 2025.
- IGT PlaySports boosts retail sports betting at Silver Reef Casino Resort.
- Oddin.gg strengthens Coolbet’s esports betting expansion via Odds Feed.
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