Daily Asia Gaming eBrief: Vietnam suffering from oversupply of slot clubs: expert

Thursday 4th of July 2024

1709253631

Good Morning. Too much of a good thing. That's what an expert says Vietnam is experiencing in regards to slot clubs. Due to the country's evolving gaming regulatory framework, clubs have flourished, but took a nosedive due to the pandemic. Now, despite a 'saturated' environment, an expert notes that manufacturers could seize the opportunity, as many need to revamp their gaming floors. Meanwhile, in the Philippines, offshore gaming operators are the cause for a surprising liaison with China - with both nations aiming to combat POGO-related crimes.

What you need to know

Despite Vietnam's gaming sector nearing saturation, investor Tim Nguyen sees investment opportunities amid oversupply and competition.
The Philippines and China have reaffirmed their commitment to combat crimes related to Philippine Offshore Gaming Operators.

On the radar

South Korea’s GKL sees 7.4% drop in gaming revenue in 1H24.
Paradise Co. forecasts steady growth with new offerings.
US tax authority: Northern Marianas regulator owes $5.8M in unpaid taxes.
PH Police to offer protection for officials threatened after POGO crackdown.
Appeal by Suncity Group’s Alvin Chau rejected, upholding 18-year jail term.

AGB Intelligence

VIETNAM

Opportunities still possible, despite market saturation

Vietnam is currently suffering from an oversupply of gaming clubs, not casinos, which feature gaming machines instead of classic table games. Due to Vietnam's gaming framework, the clubs are allowed to operate without needing a casino license, enhancing competition. But opportunities are also available for those wishing to invest in clubs down on their luck, or for manufacturers hoping to help revamp gaming floors grown stale.

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.