Good Morning. The times are a changing, and while traditional bricks and mortar casinos will continue to be important, PAGCOR’s Chairman says that eGaming is likely to be the future – predicting the segment’s GGR contributions could surpass its land-based cousins. Meanwhile, things are moving quickly in Thailand, with a study suggesting IRs could increase visitor spend by half. And in Singapore, The Waterfront development is set to start construction later this year.
What you need to know
- PAGCOR’s Chairman says that the eGaming segment is rapidly growing and could top land-based GGR.
- A study to be submitted to the Thai parliament suggests that an IR with casinos could increase average tourist spend by 52% per trip.
- The Waterfront development, under the $5 billion RWS 2.0 plan, will commence construction later this year: Genting Singapore.
On the radar
- ASEAN Gaming Summit 2024: Celebrating the industry together.
- Pattaya eyes gaming opportunities.
- APE revenue rises 185% in 2023 on the back of better EGE sales.
- Poker celebrities descend onto Landing Casino for day one of WPT Korea.
- Macau five-star hotels’ occupancy rate close to 90 percent in February.
- Philippine senator calls for probe into local mayor’s POGO links.
AGB Intelligence
FACE TO FACE
PAGCOR excited about growth in eGaming segment
PAGCOR’s Chairman and CEO, Alejandro H. Tengco, says that he’s most excited about the growth in the eGaming sector in the Philippines, with expectations that gross gaming revenue generated from the segment could even top that of its land-based casinos. The official also laid out the sale plans for Casino Filipino, saying they haven’t yet settled on a final price.
Corporate Spotlight
Sumsub takes the lead in gaming fraud protection
Sumsub, a full-cycle verification platform, proudly sponsored the ASEAN Gaming Summit 2024. Their sponsorship reaffirmed their commitment to helping gaming companies combat fraud amidst the escalating threat of illicit activities in the region. Sumsub took centre stage with an insightful panel discussion on How can PAGCOR use AI for Responsible Gaming/AML compliance.
Basketball player Kai Sotto is the new 1xBet ambassador in Asia
1xBet, a leading global betting company, proudly announces its partnership with rising basketball star Kai Sotto. Hailing from the Philippines, Kai Sotto will serve as the brand ambassador, championing basketball in his homeland and across various Asian nations, extending the 1xBet brand presence across Asia.
Industry Updates
- Jackpot Digital signs agreement with Jade Group to enter Asian market.
- Wazdan levels up classic with 16 Coin Grand Gold Edition.
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