Daily Asia Gaming eBrief: Blockchain driving success and innovation in iGaming

Wednesday 7th of August 2024

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Good morning. Blockchain, the keyword that took the industry by storm, has faded slightly from the public view but continues strongly behind the scenes, being an underlying framework facilitating speed, access and user experience for iGaming. A top expert lays out exactly why the ledger system is effective and praised. Meanwhile, in reporting news, Wynn Macau saw strong performance from mass play at both its peninsula and Cotai properties in 2Q24, with revenue hitting $885 million.

What you need to know

Blockchain technology is playing a crucial role in driving innovation and improving the player experience, Yolo Entertainment CEO tells AGB.
Wynn Macau sees strong performance from its mass segment, contributing to positive gains for both its peninsula and Cotai properties.

On the radar

PAGCOR head: looking for an “upgraded version” of POGOs, despite ban.
NagaCorp pre-pandemic level recovery unlikely: S&P Global Ratings.
AUS TV networks to demand fee relief amid $40M wagering advertising hole.
Former Pres. Spokesperson among 12 named in DOJ immigration lookout order.

AGB Intelligence

IGAMING

Blockchain facilitating innovation and player experience

Blockchain is a key component underpinning the success of iGaming companies, helping to improve the player experience and drive innovation in the sector. According to the CEO of Yolo Entertainment, the shared ledger means that player win payouts can be handled far faster than any fiat experience, making playing and winning quicker and more effective. Payments are easily tracked, ensuring strong AML compliance, while loyalty programs can be ideally tailored for each player.

Corporate Spotlight

Know Your Enemy: An Interactive Guide to Online Gaming Fraud

Sumsub, Online Gaming Fraud, verification platform

Online gaming fraud is on the rise in the iGaming industry. In Q1 2022, there was an 85% increase in fake account registrations compared to Q4 2021. While players are undoubtedly affected by gaming fraud, iGaming platforms also suffer due to damaged reputations, huge financial losses, and legal consequences.

How 1xBet dominates the Asian market: conditions and approach

1xBet operates in several dozen countries in Asia, and the number of partners in this region is growing steadily, which indicates the effectiveness of the 1xPartners affiliate program. The brand offers favorable conditions and a modern set of tools for making money on the Internet.