Your Daily Asia Gaming eBrief: PIGOs gaining momentum after a challenging start

Good morning. DFNN’s domestic online unit saw some challenges as a first-mover in the PIGOs space, but CEO Calvin Lim says growth is accelerating. Lim says the sector is evolving and a decision to allow online bets from all registered players rather than just VIPs had been a major step forward.


What you need to know

  • Genting Malaysia 2Q21 revenue soared more than seven times from last year, but  the latest lockdowns in the country will weigh on business going forward.
  • The Philippines’ online cockfighting sector, known as eSabong, is seeing surging revenue, with the performance outstripping that of offshore gambling operators.
  • Helen Coonan is stepping away from her role as Chairman of Crown Resorts, with Ziggy Switkowski expected to assume the role on Friday, pending regulatory approval.
  • Ainsworth has significantly narrowed its 2Q21 loss to AU$3.3 million as vaccination rates in its target markets improve.
  • Paradise Entertainment returned to profit at the EBITDA level in 1H21 as revenue from all key areas of its business improved.

On the radar

  • Macau’s vaccination rates are lagging compared to HK and Singapore.
  • Macau recorded a single-day visitor record since its Aug 3 lockdown.
  • New Silkroad posted zero 1H revenue from its Jeju casino.
  • Las Vegas Strip July GGR hit an all-time monthly record. 
  • Melco hosted a $3 million lucky draw as part of its Get the Jab campaign.

What the papers say

AGB Intelligence


FACE TO FACE

DFNN CEO Calvin Lim

PIGOs gaining momentum after a challenging start: Lim

DFNN’s domestic online unit had a slow start, seeking to cope with the rollout of a new product during the pandemic, however, it’s growth is now accelerating. DFNN CEO Calvin Lim says the sector is constantly evolving and a decision to allow online bets from all registered players rather than just VIPs had been a major step forward. 

Asia gaming, Briefings, news

MEMBERSHIP | MAGAZINE | ASEAN | CAREERS