Good Morning. Earlier this month, we were asked why cryptocurrency hasn’t taken off in the online gambling industry as much as it should have, given its ability to facilitate lightning-fast, cross-border transactions with a certain level of anonymity. In today’s deep dive, we asked two industry observers why this is the case and what is being done about it. 

What you need to know

  • Summit Ascent, posting a 26% gain in 2021 revenue, said it was postponing the development of Phase 2 of Tigre de Cristal in Russia due to economic uncertainties.
  • Imperial Pacific was given a two-month stay on a hearing on whether to revoke its casino license, to the frustration of Saipan’s regulator which says it has been given enough time to respond. 
  • Star Entertainment CEO Matt Bekier was said to have been in “a sulk” during a meeting with consultants KPMG that accused the company of failing to tackle money laundering.
  • SkyCity’s Auckland Casino has reportedly been identified as having a number of “failures” in addressing gambling harm, despite earlier warnings to rectify the issues.

On the radar

What the papers say

  • Malaysian Communications Minister proposes Bitcoin become legal tender.
  • Mobile Premier League launches Great Indian Gaming League.

AGB Intelligence


Bitcoin, crypto, online gambling

Why isn’t crypto used more in online gambling?

Cryptocurrency is, in theory, a perfect solution for the online gambling industry – offering low-cost, lightning-fast transactions across any border. In reality, lagging regulation and adoption by the wider financial community has made it nearly impossible for an operator to embrace this technology to its fullest potential, say industry experts.

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SA Gaming: Introducing Pok Deng to global players

Your Daily Asia Gaming eBrief: Why isn't crypto used more in online gambling?

Originating in Southeast Asia, Pok Deng is a popular table game, which is spreading to other parts of Asia. SA Gaming, as the leading platform in the region, is adding this game into the lobby, hoping to introduce it to players around the world.

Your Daily Asia Gaming eBrief: Why isn't crypto used more in online gambling?

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