Good Morning. If you’re drowning, don’t ignore the liferaft. And Australia’s The Star has clawed it back towards itself, now accepting the takeover bid from US-based casino firm Bally’s Corporation, to the tune of over $180 million. Meanwhile, top experts shined in the ASEAN Gaming Summit, with a specific breakdown on KYC regulations in the Philippines, highlighting trends continent-wide. And in the world of AI, proponents continue to debate how to properly regulate new tech, but all acknowledge where the world is heading.
What you need to know
- The Star Entertainment Group reaches $180M investment agreement with Bally’s Corporation, who will gain a controlling stake.
- KYC challenges are both a headache and an opportunity for businesses looking to up their game, particularly in the Philippines.
- AI, machine learning, all of the technology in play now is essential for competition and growth, check out what experts have to say.
On the radar
- NagaCorp’s 1Q25 gaming revenue climbs 17.7%, reaching $171M.
- Thai Dep. Finance Minister: casino bill will pass 1st reading on Weds.
- Macau records 409K visitors during Ching Ming Festival, up 14.7% yearly.
- Luxury resort The Laurus joins Resorts World Sentosa portfolio in 3Q25.
AGB Intelligence
AUSTRALIA
The Star aligning with Bally’s for refinancing
After much ado, Australia’s embattled gaming operator The Star has now settled on US-based operator Bally’s Corporation as its bail-out buddy. Expectations are now for an investment of up to $187 million, depending on how much majority shareholder Bruce Mathieson chooses to contribute, with the US company aiming to get a majority stake in the operation. But is the story over?
Leveraging Technology, Seamlessly | ASEAN 2025
Top experts come together at the ASEAN Gaming Summit to take a look at the inescapable role that technology plays in the gaming industry, from compliance, to onboarding players, to improved in-house management. But rampant adoption is not conducive to success, and certain benchmarks need to be set.
Overcoming KYC Challenges in the Philippines | ASEAN 2025
The ASEAN Gaming Summit this year had a particular focus on regulation, and this top panel took a deep dive into what Know Your Customer (KYC) practices mean, particularly in the Philippines. Panelists outlined the current state of affairs and what comes next, as regulators take a keen look to make sure their international standing is pristine.
Industry Updates
- Wynn receives ESG Excellence Award for tech & sustainability leadership.
- INTRALOT secures EMS contract extension in New Zealand until 2032.
- Platipus celebrates 10th anniversary with €100,000 online tournament.
Corporate Spotlight
UU Wallet: Bridging traditional finance and Web3 flexibility
With a strong focus on security and efficiency, UU Wallet stands out with its instant cryptocurrency exchange capabilities and globally accepted prepaid card, making it a preferred choice for those navigating the complexities of digital finance.
INTELLIGENCE | ASEAN | CAREERS
