Good Morning. Cashless is King, but bringing players on board, and educating them on the benefits will be key while trying to ensure that regulators can keep up with the fast-paced changes, say experts. In Australia, Aristocrat delivered solid first-half fiscal results, with EBITDA of $679 million. Meanwhile, in Macau, a junket association head says that the city is no longer attractive for the gaming promoters, who are beginning to look to other markets.
What you need to know
- Cashless gaming is the future, a panel of experts say, as they push for regulators to keep up and try and educate players.
- Aristocrat delivers solid first fiscal half-year results, with EBITDA rising to $679 million, despite some challenging market segments.
- Macau is no longer attractive for junket operators due the challenging conditions, with gaming promoters looking elsewhere.
On the radar
- Light & Wonder receive conditional approval for secondary listing on ASX.
- ACMA blocked three more illegal offshore gambling websites.
- Macau gaming tax climbs 47.6 percent y-o-y to almost $1.86 billion.
- Tony Fung returns to chair Aquis, with Russell Shields stepping down.
AGB Intelligence
CASHLESS
Panel: cashless is the future, time to get on board
Cash is going to be increasingly sparse, as regulators and operators around the world begin to see the benefits of cashless play – largely focused on player well-being. A panel of experts discusses how regulators will be hard-pressed to keep up with the fast-paced tech changes, even while operators have to help educate players on the benefits they can reap.
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