Good morning. Goooaaaaaaaaaaaal! The support of sports betting continues to grow, with more punters from Asia testing their luck as accessibility rises, particularly due to online platforms. A recent study saw particular interest from China and India, with a focus on football (soccer) and basketball. Meanwhile, Thailand is pushing ahead with its draft law for casinos, set to be reviewed by the cabinet this year. And in reporting news, Sands China’s GGR market share remains steady, according to analysts.
What you need to know
- The sports betting market in Asia is witnessing significant growth, especially in basketball and football betting.
- Thailand’s draft law to legalize casinos is set for cabinet review this year, aiming to enhance tourism and create local job opportunities.
- Despite a 1% drop in net revenue, Sands China’s GGR market share remains steady at 24%, notes Citigroup following 3Q24 results.
On the radar
- SkyCity General Counsel with a major role in civil penalty proceedings resigns.
- Marina Bay Sands $8B expansion to create the “most important” IR in the world.
- Macau raids lead to the arrest of 42 in money exchange syndicate.Â
- Isle of Man GSC releases results of the latest survey on responsible gambling.
AGB Intelligence
SPORTS BETTING
Sports betting with significant growth, particularly in basketball and football
Sports betting continues to gather momentum, with particular growth seen in the Asian market. According to a new report, global GGR from the sector is set to top $94 billion, with more than half coming from online bets. The figure is only set to grow, however, regulators need to watch out for bad actors to encourage the continued expansion of legal betting.
Corporate Spotlight
Altenar brings premium sportsbook solution to Asia
Altenar, a leading sportsbook provider is bringing its global expertise to Asia, looking to expand its operations. Since 2011, Altenar has powered hundreds of online sports betting sites worldwide and is a major B2B provider in Europe and Latin America licensed markets.
1xBet: The most popular gambling games and slots in Asia
For global betting company 1xBet, Asia is a key market for several reasons. This is why 1xBet pays special attention to the Asian market and actively promotes its sports betting platform and the most popular gambling games on the continent.
Industry Updates
- IAGR revealed the 2024 International Regulatory Awards winners.
- Push Gaming expands reach with Interwetten Group partnership.
- Wazdan launches content on Caesars Entertainment’s iGaming platforms.
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