Daily Asia Gaming eBrief: Highlands boosts Genting Malaysia 1Q24 results

Friday 31st of May 2024

1709253631

Good Morning. All is well in the Highlands. According to Genting Malaysia Berhad's first quarter results, the company saw strong performance in both gaming and non-gaming, with ongoing investments planned. The group continues to keep its eye on New York, to see if it can get one of the three licenses up for grabs. And in Singapore, Marina Bay Sands' further expansion plans align with the company's commitment to extend its license exclusivity, points out an expert.

What you need to know

Resorts World Genting saw upticks in both gaming and non-gaming revenue during the first quarter, driving Genting Malaysia's uptick.
Marina Bay Sands' expansion plans are "part of the company's commitment to extend its license exclusivity," notes an expert.

On the radar

RGB International posts robust 1Q24 results, eyes growth in the Philippine market.
Customer service enhances Melco's performance: Bank of America.
The Star appoints Jeannie Mok as the new COO to ‘lead the remediation efforts’.
AUSTRAC accepts Sportsbet's AML/CTF compliance agreement.
Indian authorities dismantle online gambling ring.

AGB Intelligence

MALAYSIA

Genting Malaysia sees profit and revenue upticks

Genting Malaysia Berhad saw strong returns during the first quarter of the year, boosted by both gaming and non-gaming revenue from its casino-resort in Malaysia. The group continues to invest in the property, planning new ecotourism features, while it also tries its hand at a casino license in the US state of New York.

Corporate Spotlight

Online casinos onboard users in 52 seconds with Sumsub

Internet fraud is rising in the gambling and gaming industries. If platforms cannot prevent online gambling scams, they face AML compliance issues and reputational damage among partners and users. Thanks to Liveness, Sumsub’s advanced biometric check, companies can stop even the most sophisticated frauds, like hyper-realistic masks, look-alikes, and deep fakes.

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.