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HomeNewsDaily Asia Gaming eBrief: PAGCOR reports notable 121% surge in net income in 1H24

Daily Asia Gaming eBrief: PAGCOR reports notable 121% surge in net income in 1H24

Good Morning. Growing and growing. The Philippine Amusement and Gaming Corporation (PAGCOR) reported a substantial 121.4 percent increase in its net income to PHP6.56 billion ($112.3 million) for the first half of 2024. The boost in GGR was driven mainly by online gaming revenues which reached PHP20.66 billion ($353.79 million), with CEO Alejandro Tengco believing GGR could exceed PHP100 billion in 2024. Meanwhile, a recent study conducted by the Asia Pacific Association for Gambling Studies revealed gaps in the information disclosure practices of Macau’s major gaming operators over the past decade. Jumping to horse racing, the 40th Asian Racing Conference (ARC) this year is set to feature an extensive program centered on Japanese racing breeding, business leaders and key stakeholders.

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AGB Intelligence

MACAU

Study finds gaps in CSR disclosure practices of Macau gaming operators

A recent study centered on Corporate Social Responsibility (CSR) practices and information disclosure of Macau’s major gaming operators from 2012 to 2021 noted a pattern of gaming operators delaying or inadequately responding to stakeholder expectations, particularly around promoting local employees. However, the study also highlights the substantial contributions these operators have made, including over $27 billion in tax revenue and employment of over 80,000 local residents at their peak, representing over a quarter of Macau’s workforce.


Corporate Spotlight

Know Your Enemy: An Interactive Guide to Online Gaming Fraud

Sumsub, Online Gaming Fraud, verification platform

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, Asian Market

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.


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AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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