Daily Asia Gaming eBrief: Philippines key driver for iGaming growth

Friday 19th of July 2024

1709253631

Good Morning. The growth of the iGaming sector cannot be stopped. And the Philippines is leading the way in regulatory and financial incentives for companies to flock in and set up shop. A key panel of executives lay out exactly why the jurisdiction is being so successful, and what is yet to come. Meanwhile, analysts at Fitch's CreditSights are predicting continued rises for the Macau casino scene, leveraged with cautious optimism for the full-year results.

What you need to know

Philippines a key driver for regional iGaming growth, providing a solid base for operators and an attractive framework: Execs.
CreditSights forecasts ongoing growth in Macau amid leveling recovery trends, supported by post-pandemic resilience and cautious optimism for 2024.

On the radar

Universal Entertainment to vote on dismissal of former CEO from Board.
Macau gaming operators' suspicious transaction reports up 57% in 1H24.
Possible IR project in Clark still in preliminary stages: Belle Corp.
Alliance Global injects $172M to upgrade Newport and construct Westside City.
Calls for presidential action against POGOs on the rise.

AGB Intelligence

IGAMING

Philippines providing top opportunities: Execs

Being a completely unique regulatory environment in Asia, the Philippines offers promising opportunities for operators in the online space. A key group of executives, from Wazdan, Evenbet and Dot Connections, outline exactly what makes the market so attractive and where the trends are heading, aiming to capitalize off continued growth and a healthy framework.

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.