Good morning. Virtual assets are no longer on a backburner, and the rise of blockchain, crypto and tokenization of assets will not only rise, it could dominate the international finance scene within 18 months, predicts a top expert. A generation that grew up online no longer wants to participate in the fiat world, and largely won’t need to, if things continue the way they’re running – especially with stablecoins. Meanwhile, in Macau Galaxy is taking advantage of its cash-rich balance sheet to continue its massive growth in the SAR, while also setting its sights on Thailand, note analysts.
What you need to know
- Tokenization is on the rise, with a top virtual assets expert indicating that digital finance will take over within the next 18 months.
- Galaxy’s strong finances fuel growth in Macau, with potential expansion into Thailand, backed by a cash-rich balance sheet, according to CBRE.
On the radar
- Tabcorp handed record $3M fine for non-compliance with regulations.
- Jumbo Interactive posts ‘most successful’ fiscal year to date.
- The Star closing Treasury Brisbane Casino ahead of Queen’s Wharf opening.
- Alice Guo’s sister, POGO incorporator to be deported to Philippines: President.
- Philippines DigiPlus shares shine, up 151% this year.
- Imperial Pacific proposes to sell Saipan casino and other assets for $10M.
- Australia and UAE regulators to attend Rome gaming regulatory conference.
AGB Intelligence
VIRTUAL ASSETS
The new digital finance era has arrived
The use of virtual assets, including cryptocurrencies, NFTs and other types of tokens is already ingrained into the younger generation, which is unlikely to even touch fiat in the future. Top expert Loretta Joseph describes why she predicts that everything will be “tokenized” within 18 months, what that spells out for global finance and the regulators trying to keep up, and how online gaming helped push the finance sector to where it is today.
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