Daily Asia Gaming eBrief: PAGCOR Chairman expects $6.1B in GGR

Wednesday 20th of March 2024

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Good Morning. The first day of the ASEAN Gaming Summit kicked off with a bang, with the Chairman of PAGCOR outlining the group's estimates for $6.1 billion in GGR, its moves to lower tax rates and privatize. Meanwhile, Bloomberry's COO says that the group is well prepared for the opening of Solaire North in May and that corporate culture drives the group's success. Check out a summary of the spectacular panels and insights from day one of the summit.

What you need to know

Philippines is aiming for $6.1 billion in GGR, to become second largest ASEAN gaming market: PAGCOR Chairman.
Bloomberry well prepared for the opening of Solaire North in late May, says Chief Operating Officer Thomas Arasi.

On the radar

ASEAN Gaming Summit 1st Day Overview.
ASEAN Gaming Summit State of Play panel examines regulatory landscape.
Pronet Gaming CEO shares industry outlook at ASEAN Gaming Summit.
Warning against gambling for Chinese nationals 'not new’: Gaming expert.
Philippines “doing the best it can” to be removed from FATF's gray list: DFNN
Lower licensing fee to help in “cleanse” of “black market” POGOs: Officials.

AGB Intelligence

PHILIPPINES

Philippines to become second largest ASEAN gaming market

The Chairman of the Philippine Gaming and Amusement Corporation (PAGCOR) says that the country is expecting to achieve gross gaming revenue of approximately $6.1 billion this year, with e-casinos, e-bingo and sports betting contributing some $1.1 billion. In his State of the Industry address at the ASEAN Gaming Summit, Alejandro H. Tengco also outlined the group's plans for privatization of its casinos and the lower tax rates set to come into effect soon.

Corporate Spotlight

Sumsub takes the lead in gaming fraud protection at
ASEAN Gaming Summit 2024

Sumsub, a full-cycle verification platform, proudly announces its sponsorship of ASEAN Gaming Summit 2024, affirming its commitment to helping gaming companies combat fraud amidst the escalating threat of illicit activities in the region. Sumsub will take 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.

Industry Updates

Sportradar elevates NBA League Pass experience with emBET integration.
3 Oaks Gaming makes Brazilian debut with strategic EstrelaBet partnership.

Registration open for the ASEAN Gaming Summit 2024

Registrations for the 2024 ASEAN Gaming Summit, the calendar conference of excellence of the gaming industry in the region, are open. Scheduled from 19th to 21st March 2024, the Summit is the gateway to the Next-Gen of gaming in Asia.

Asia Gaming Awards 2024 recognizing excellence on March 20th in Manila

The Asia Gaming Awards, hosted by Asia Gaming Brief, is set to once again recognize and celebrate the outstanding achievements in the Asian gaming industry. The Awards ceremony will take place on the evening of Wednesday, 20th March 2024, at the Grand Ballroom of the Shangri-La The Fort, Manila.