Good Morning
A rising tide lifts all boats, and the Dowinn Group is riding the wave of growth potential, coupled with a strong regulatory framework, to ensure its transition from junket to IR operator. Lorraine Koo breaks down the transition from Chinese punters to Koreans, and where the opportunities abound. Meanwhile, in Macau, Sands China marked its dominance, securing a quarter of Macau’s market share, as mass gaming booms in the SAR.
What you need to know
- Face to Face: Lorraine Koo explains how Dowinn Group is evolving far beyond a junket, exploring IR potential within the Philippines.
- Despite increasing competition, Macau gaming operator Sands China secured its leadership in the gaming market with a 25.6 percent share.
On the radar
- IMF projects Macau’s economy to grow 13.9 percent in 2024.
- AGEM Index increased 8 percent in February.
- Philippines court dismisses challenges to PAGCOR’s POGO regulations.
- Bet365 facing probe by Australia’s watchdog.
- TXODDS announces its participation in ASEAN Gaming Summit.
AGB Intelligence
FACE TO FACE
Philippines provides the scope to evolve beyond a junket
The regulatory environment and the growth possibilities within the Philippines have allowed the Dowinn Group to evolve beyond just a junket. Lorraine Koo, Corporate Chief Operating Officer, notes that the group is actively exploring its IR options, adapting to the times and moving beyond its roots, even as it follows the market’s shift away from traditional Chinese players and refocuses on Korea.
Corporate Spotlight
Basketball player Kai Sotto is the new 1xBet ambassador in Asia
1xBet, a leading global betting company, proudly announces its partnership with rising basketball star Kai Sotto. Hailing from the Philippines, Kai Sotto will serve as the brand ambassador, championing basketball in his homeland and across various Asian nations, extending the 1xBet brand presence across Asia.
Industry Updates
- Aarupolis introduces a cosmic adventure in the heart of ancient Egypt.
- DATA.BET welcomes Otto Bonning as the new Head of Sales.
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.
Asia Gaming Awards 2024 recognizing excellence on March 20th in Manila
The Asia Gaming Awards, hosted by Asia Gaming Brief, is set to once again recognize and celebrate the outstanding achievements in the Asian gaming industry. The Awards ceremony will take place on the evening of Wednesday, 20th March 2024, at the Grand Ballroom of the Shangri-La The Fort, Manila.
MEET THEM AT ASEAN 2024
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