Good Morning. Voxbet is prototyping a Cantonese voice betting technology with an Asia’s leading horse racing clubs which eases navigation through your typical content-heavy sports betting site. In today’s Face-to-Face interview, managing director Jonathan Power takes us through some of the benefits of bypassing what can be a lengthy and frustrating process for someone who knows what they need and just want to place a bet. 

At home, local Macau operators Galaxy and Melco posted tamed results for a horrid 2Q22. Figures aside, brokerages maintain bullish stances while revising forecasts. Have a great weekend! 

Your Daily Asia Gaming eBrief: Place your bet! Over voice, in Cantonese

What you need to know

  • Despite bleak 2Q22 figures, the near-term sluggish outlook throughout the year brokerages J.P. Morgan and Bernstein remain bullish on Galaxy.
  • Lukewarm numbers have not made an impact on leading brokerages Bernstein and J.P. Morgan take on Melco 2Q22 results.
  • Jefferies is “still waiting for the players” to return to Macau as revenues burnt more than expected when once there was ‘hope’ of a recovery.
  • MELCO widens loss on Macau travel restrictions to $251m for 2Q22.
  • Galaxy 2Q22 reports a net loss of $850m, restriction impact.

On the radar


AGB Intelligence

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New voice-betting tech to improve navigation, boost volumes

Sportsbetting software developer Voxbet has developed technology that will allow punters to place a bet through voice technology on horse racing. Once perfected in Cantonese, Voxbet plans to tackle the rest of Asia. The company has been a pioneer in using new tech to improve the ease of navigation through often complex sports betting websites, with its text-a-bet service already live with some of Europe’s largest bookies. Managing director Jonathan Power tells us in this week’s Face-to-Face interview that the next step is expansion into Asia, where it’s working on a prototype of the voice service in Cantonese, with a major Asian racing club.

Your Daily Asia Gaming eBrief: Place your bet! Over voice, in Cantonese

Industry Updates

  • MGM Resorts disburses $2m in grants to US nonprofits.
  • BETER presents Sic Bo variant, invests heavily on side bets.

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