Good morning. Results season isn’t over yet! In South Korea, Shin Hwa World saw a dismal FY25, with gaming revenue nearly halving and the group posting a $20 million segment loss. The operator is now shifting its focus away from hospitality and gaming to events, MICE, and entertainment to drive repeat visitation. In the Philippines, PhilWeb is expanding, with a new PAGCOR accreditation as a gaming affiliate and support service provider. And in industry news, the ASEAN Gaming Summit is moving to 2027, dodging global uncertainty and returning with a revamped agenda in March!
What you need to know
- Shin Hwa World sees 45.2 percent YoY drop in FY25 gaming revenue, with $20 million segment loss, despite improved IR results.
- PhilWeb secures PAGCOR accreditation, expanding its B2B gaming service, while working with regulators on sector governance.
- The ASEAN Gaming Summit is shifting to 2027, bringing a new packed agenda and revamped outlook for its 8th edition!
On the radar
- Philippines expands casino ban list under DOJ–PAGCOR agreement.
- Paradise Ent. chairman Jay Chun raises stake amid share price decline.
- Kjerulf Ainsworth 5.5% share takeover bid open until April 27th.
- Cambodia passes anti-telecom fraud law with unanimous support.
- Ponte 16 operator books $52.4M FY25 loss after satellite casino closure.
AGB Intelligence
SOUTH KOREA
Shin Hwa World books $20M gaming loss for FY25
South Korea’s Shin Hwa World has registered a $20 million loss from its gaming segment for 2025, with overall gaming volume down and a decrease in its rolling win rate. Revenue from the segment fell by 45 percent, to $14.7 million. The group is now aiming to boost its integrated resort segment, which saw a slight uptick in revenue in FY25. The company is shifting its focus ‘far beyond hospitality and gaming’, concentrating on events, MICE and entertainment.
Industry Updates
- 1xAffiliates announces massive draw for partners at MAC Yerevan 2026.
- Soft2Bet rolls out MEGA Islands, elevating gamification to boost retention.
- GEG continues tradition with MSO at the 2026 Inclusive Table Tennis Day.
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