Good Morning. It’s not been a year for the faint of heart when it comes to investment in cryptocurrencies, with some of the biggest names losing almost three quarters of their value. However, investors need to play the long game as these currencies have been resilient in the past and will be poised for future growth, writes Harmen Brenninkmeijer, a member of the Ink Innovation team, who has been in the crypto space since 2015. The potential for blockchain and crypto solutions in the gaming world has barely been scratched, opening a world of new possibilities from payment solutions, to improved onboarding and digital identities.
What you need to know
- Macau extends lockdown by another five days, not unexpectedly, as casinos and other non-essential businesses remain shuttered.
- Genting Singapore requested a stock trading halt following reports it had been approached by MGM Resorts over a potential investment.
- Hong Kong-based investment firm, TTB Partners, dropped plans to take over the U.K.-listed Playtech, citing “challenging underlying market conditions.”
On the radar
- NZ launches problem gambling campaign targeting Asian communities.
- Genting Malaysia ramp up encouraging, but inflation a concern: RHB
AGB Intelligence
INDUSTRY VOICE
Crypto companies look past market crash, eye the long game
The speculative bubble surrounding the cryptocurrency industry has burst, with the price of major coins such as Bitcoin and Ethereum down more than 70 percent in 2022, however, these coins have proven resilient in the past and will be favorites for future growth, writes Harmen Brenninkmeijer, a member of the Ink Innovation team. The real unknown is the regulators, who are still getting to grips with which aspects they believe should be regulated.
Industry Updates
- IGT’s pays out $3 million plus in jackpots in June.
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