Daily Asia Gaming eBrief: Everything will be tokenized in 18 months

Friday 23rd of August 2024

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Good morning. Virtual assets are no longer on a backburner, and the rise of blockchain, crypto and tokenization of assets will not only rise, it could dominate the international finance scene within 18 months, predicts a top expert. A generation that grew up online no longer wants to participate in the fiat world, and largely won't need to, if things continue the way they're running - especially with stablecoins. Meanwhile, in Macau Galaxy is taking advantage of its cash-rich balance sheet to continue its massive growth in the SAR, while also setting its sights on Thailand, note analysts.

What you need to know

Tokenization is on the rise, with a top virtual assets expert indicating that digital finance will take over within the next 18 months.
Galaxy's strong finances fuel growth in Macau, with potential expansion into Thailand, backed by a cash-rich balance sheet, according to CBRE.

On the radar

Tabcorp handed record $3M fine for non-compliance with regulations.
Jumbo Interactive posts ‘most successful’ fiscal year to date.
The Star closing Treasury Brisbane Casino ahead of Queen's Wharf opening.
Alice Guo’s sister, POGO incorporator to be deported to Philippines: President.
Philippines DigiPlus shares shine, up 151% this year.
Imperial Pacific proposes to sell Saipan casino and other assets for $10M.
Australia and UAE regulators to attend Rome gaming regulatory conference.

AGB Intelligence

VIRTUAL ASSETS

The new digital finance era has arrived

The use of virtual assets, including cryptocurrencies, NFTs and other types of tokens is already ingrained into the younger generation, which is unlikely to even touch fiat in the future. Top expert Loretta Joseph describes why she predicts that everything will be "tokenized" within 18 months, what that spells out for global finance and the regulators trying to keep up, and how online gaming helped push the finance sector to where it is today.

Corporate Spotlight

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.

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.