Good Morning. All systems go. So hopes IGT in future growth possibilities in Asia, as it targets new avenues after its success so far within primary jurisdictions such as the Philippines and Macau. It has not lost its focus on primary markets, but it notes that certain caps and other restrictions mean that its concentration on new exploits can continue to grow. Meanwhile, in Macau, revenue is lagging, begging the question of whether full-year government expectations can be met. And looking to Australia, The Star is set for an existential vote by the end of June.
What you need to know
- IGT credits its systems platform as the major avenue for growth within new markets, as it targets potentials and aims to satisfy current customers.
- Macau remains on a difficult path to achieving its full-year revenue target, as monthly GGR continues to fall short of gov’t benchmarks.
- Shareholder vote set for June 25th on Bally’s and Mathieson’s $196M injection into embattled The Star Entertainment.
On the radar
- Mario Ho plans 100+ esports hotels in mainland China within 3 years.
- Singapore Oceanarium to open in Sentosa on July 23rd with expanded facilities.
- Sri Lanka targets $5B tourism revenue amid political stability.
- Thailand’s new gov’t-backed crypto is not for speculative purposes: gov’t.
AGB Intelligence
MACHINE GAMING
IGT systems platform main avenue for new growth
International Game Technology (IGT) has a massive presence within the region. Its operations within Macau and the Philippines continue to thrive. But for APAC COO Dallas Orchard, the expansion into new markets will be underlined by its systems platform. The company aims to be the leader regionally, with growth in Manila and Macau supporting the drive, even as it sets its sights on Japan and Thailand. But some roadblocks still exist, even though preparatory advances are there.
Corporate Spotlight
Bettorify bridges European operators to Asia’s gaming markets
With over 30% of global gaming revenue projected to come from Asia soon, the window of opportunity is wide open. Bettorify’s white-label and turnkey solutions deliver what most platforms miss: sharp execution backed by real local expertise.
Industry Updates
- PAGCOR Chief reaffirms commitment to military infrastructure development.
- CreedRoomz expands its offerings by integrating EveryMatrix CasinoEngine.
- Playson partners with Cactus Gaming to boost presence in Brazilian market.
INTELLIGENCE | ASEAN | CAREERS
