Good Morning. Asia continues to be the mecca for iGaming and sports betting, as populations grow, spending propensity increases and interest in testing one’s luck rises. Vying for space in the marketplaces is tough, with one top company aiming to leverage its success in India across the Philippines, Malaysia and South Korea. Meanwhile, in Macau, GGR could hit some $29 billion this year, based upon strong growth in the second half of 2024, even after June failed to impress.
What you need to know
- GR8 Tech, a sportsbook and iGaming provider, eyes India and the Philippines as high-potential gaming markets to dig into.
- Macau’s GGR is expected to reach $29 billion in 2024, nearing 82% of pre-COVID levels, with potential 14% growth in 2H24: Goldman Sachs.
On the radar
- Melco project in Sri Lanka poised to capitalize on burgeoning Indian tourism.
- PAGCOR: former presidential spokesperson lobbying for illegal POGOs.
- LET Chairman calls meeting to dispose of Tigre de Cristal assets.
- Philippines Senate orders arrest of Alice Guo and 7 others for contempt.
- Growth of China’s lottery industry ‘remarkable’: China Ecotourism.
AGB Intelligence
ONLINE
India, Philippines, Malaysia and Korea promising markets
The online gaming sector has seen expansive growth in recent years, with many operators wishing to move into the Asian marketplace. One such is sportsbook and iGaming provider GR8 Tech, which is finding that its key markets are actually India, the Philippines, Malaysia and Korea. Each market offers its own specific qualities, as well as vastly different population sizes, but all demonstrate a strong propensity for growth in sports betting in particular.
Corporate Spotlight
Know Your Enemy: An Interactive Guide to Online Gaming Fraud
Online gaming fraud is on the rise in the iGaming industry. In Q1 2022, there was an 85% increase in fake account registrations compared to Q4 2021. While players are undoubtedly affected by gaming fraud, iGaming platforms also suffer due to damaged reputations, huge financial losses, and legal consequences.
How 1xBet dominates the Asian market: conditions and approach
1xBet operates in several dozen countries in Asia, and the number of partners in this region is growing steadily, which indicates the effectiveness of the 1xPartners affiliate program. The brand offers favorable conditions and a modern set of tools for making money on the Internet.
Industry Updates
- Zitro expands Asian presence at Manila’s integrated resorts.
- Wazdan revamps a classic in latest release 9 Lions Hold the Jackpot.
- CDNetworks launches China Premium Service iGaming solution.
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