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
- Former IPI chair Cui has been found in contempt of court again.
- Bally is eyeing a New York casino license, sports betting expansion.
- Delhi court rebuffs AIGF, calls online gambling dangerous.
- Telangana is encouraging self regulation for online and fantasy gaming.
AGB Intelligence
FACE TO FACE
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.
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