Good Morning. It’s not been a good start to the year for Bitcoin, although prices seem to have stabilized, with some predicting it’s set for another leap forward. In our daily intelligence article, igaming veteran Frank Schuengel is brave enough to look into his crystal ball to predict some likely trends for 2022 for the notoriously volatile cryptocurrencies. He anticipates even wider takeup by online gambling sites and discusses how i-gaming firms need to be more innovative when it comes to non-fungible tokens.
What you need to know
Macau is likely to remain the top travel choice for Mainland Chinese in the near term and a 10 percent increase in visitation would boost gross gambling revenue (GGR) by 6.9 percent, Jefferies said.
Macau’s weekly gross gambling revenue (GGR) is down 8 percent in the week to January 16th as China’s latest Covid outbreaks weighed on visitation, according to Bernstein channel checks.
Shares in the Macau six gaming operators surged for a second day after the publication of amendments to the local gaming law, which removed a key element of uncertainty overhanging the market.
On the radar
- Lack of regulation generates tax imbroglio for Silver Heritage in Nepal.
- Delta’s new casino boat to increase capacity by 2.5 times, drive further growth.
What the papers say
- Yabo Sports, Asia-facing online gambling sponsor of European super leagues, disappears in China crackdown.
- Malaysian police arrest 10 in online gambling bust in Klang involving 3,000 players.
INDUSTRY VOICE: Frank Schuengel
Cryptocurrencies are here to stay and are becoming increasingly incorporated into online casinos and sportsbooks, says igaming veteran Frank Schuengel, who has taken a look into his crystal ball to offer up some of his key predictions for 2022 in the field of crypto, blockchain and non-fungible tokens (NFT).
- PAGCOR gets “excellent” rating for CSR efforts.
- Betconstruct adds PopOk Gaming to product portfolio.
- Pragmatic Play launches aquatic-themed Wild Depths slot.