Good Morning. Tom Waterhouse, a well-known name in Australia’s bookmaking circles, has branched out into venture capital and is seeking investment opportunities amongst innovative gaming suppliers. In this week’s Face-to-Face, he speaks to us about his top prediction for 2022 and some of the most interesting recent developments in market trends and products.
What you need to know
- Genting HK said the latest directives to restrict the spread of Covid had forced the cancellation of its cruises to nowhere, while a Royal Caribbean ship had to return to port due to a close contact with an infected person.
- The Philippines government has expanded its list of cities and provinces to go under the more stringent alert level 3 status from January 9 to 15.
- The Jeju government will be further studying the merits of allowing proxy betting at its foreigner-only casinos, though allowing domestic Korean gamblers into its casinos has been ruled out for now.
On the radar
- Melco Resorts to pay one-month employee bonus before Chinese New Year.
- GKL closes Seven Luck casino in Gangnam, Seoul, for Covid cleaning.
- IGT, SG push December gains on AGEM Index of gaming supplier stocks.
- Clarion sets new April dates for ICE London.
- Tamil Nadu govt to pursue another route to ban online gaming.
What the papers say
- Jeju Dream Tower hotel and casino return to profit in Dec.
FACE TO FACE
Online M&A likely to pick up pace in U.S. as costs rise
2022 is likely to be marked by more mergers and acquisitions in the U.S. as companies scale up to grab market share and carry the burden of rising customer acquisition costs, according to Tom Waterhouse, founder of venture capital firm Waterhouse V.C. In our first Face-to-Face interview of 2022, Waterhouse, one of Australia’s best-known bookmaking figures, talks to us about his transition from the track into investment in gaming suppliers. He discusses where the value lies and some of the most interesting developments he’s seeing in the market.
- iSoftBet introduces Crabbin’ Crazy fishing game.
- IHG signs four-hotel deal with Sun Group in Vietnam.
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