Good Morning. ‘Interest does not always equal revenue’. A new report highlights how player demand for iGaming in Asia is rampant, but regulation, oversight, and market dynamics mean an unequal footing for those aiming to tap the demand. The Philippines continues to shine as the only open and competitive regulated online gaming market, leading the way for others to (potentially) follow. Meanwhile, the Genting Group is facing some criticism from analysts over its heavy-handed spending recently, despite the acknowledgement of the upsides if everything plays out according to plan.
What you need to know
- Asia shows strong iGaming player demand, but uneven regulation and market structures continue to limit revenue conversion, Blask analysis finds.
- S&P Global Ratings has revised the outlook on Genting Group companies to negative due to heavy capital spending.
On the radar
- South Korea’s president calls for review of private casino licensing standards.
- The Star Chairman: board reshuffle not planned, restructuring necessary.
- Macau renews Wing Hing Chinese lottery concession for one more year.
- Responsible gambling is a legal duty of Macau casino operators: DICJ.
AGB Intelligence
IGAMING
Revenue conversion limited despite strong Asian demand
The interest in iGaming continues to surge within Asia, but growth across the region remains uneven, with a strong contrast between consumer demand and revenue generation. A new report by analytics firm Blask highlights the role that market structure and enforcement play in shaping commercial outcomes, with a heavy emphasis on how regulation makes or breaks a market.
Industry Updates
- ZITRO becomes member of the American Gaming Association.
- Siobhan Lane new President/Board Chair of Global Gaming Women.
- Wynn demonstrates excellence in CUHK Business Sustainability Assessments.
INTELLIGENCE | ASEAN | CAREERS | EVENTS
