Daily Asia Gaming eBrief: Hacks Highlighting Increased Cybersecurity Risks

Friday 20th of October 2023

Good Morning. The human factor. Something every company has to face, but must be particularly cautious with when it comes to cybersecurity. Continent 8's Craig Lusher breaks down why investment in preventive infrastructure is key, as hackers grow more innovative in their approaches to breaching gaming operators' systems. Meanwhile, Marina Bay Sands aims to start its new tower expansion within six months, pending approvals. And in Malaysia, Genting's earnings expectations have been trimmed by Maybank over tax increases.

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What you need to know

Recent hacks highlighted the need for increased cybersecurity, but companies need to be aware that the human element is their most vulnerable.
Marina Bay Sands' new tower expansion to start within six months to one year, depending on approvals: COO.
Maybank trims Genting Malaysia's earnings outlook for 2024 and 2025 due to service tax rate increase.

On the radar

Deutsche Bank lowers MGM China 2024 forecast.
Philippine hospitality aims for 55,000 new rooms by 2028.
LVS resumes stock $2 billion buyback scheme after 3-year break.

AGB Intelligence

FACE-TO-FACE

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Increased need for cybersecurity as risks grow

As much as companies try to mitigate risk, the human factor will continue to be the primary weakness in any security net. Continent 8's Craig Lusher points out how much enterprises should be investing in their security coverage and what vulnerabilities need to be addressed, as the scope and complexity of hacks evolve.

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All you need to know about 1xBet affiliate program

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