Daily Asia Gaming eBrief: Cambodia bets big on Chinese tourism

Wednesday 27th of March 2024

1709253631

Good Morning. Everybody is trying to get a piece of the Chinese outbound tourism pie, but Cambodia could be well placed to get its slice first, as the two countries cozy up - boding well for the nation's gaming industry, if all goes to plan. Meanwhile, Macau maintains its gaming crown, with the first quarter showing strong results - with mass GGR topping even the first quarter of 2019.

What you need to know

Tourism is a major focus of Cambodia's new leadership; with the initiative to boost further recovery of the country's tourism and casino revenue: expert.
Macau's gaming industry has shown resilience, keeping its mass GGR at 110-115% of 1Q19 levels despite the seasonal decline, according to UBS.

On the radar

Korea’s Paradise appoints co-CEO.
Macau casino employee arrested for falsifying membership points fraud.
Paradise Entertainment revenues rise 113% in 2023, eyes SE Asia market.
Watchdog urges Curaçao to stop online gaming ads targeting Australians.
Japanese baseball star denies being involved in illegal gambling.

AGB Intelligence

CAMBODIA

China encouraging Cambodian development/recovery

China is actively encouraging investment in and the development of Cambodia, notes an expert, pointing out that increased flights between the nations and the build–out of airports will further strengthen tourism and business. The nation's gaming industry could, however, be facing heavy competition in the near future, as Thailand aims to steal the regional gaming crown.

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

Kai Sotto, Basketball player, 1xBet ambassador, 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.