Daily Asia Gaming eBrief: Sports betting on the rise, with Asia contributing heavily

Good morning. Goooaaaaaaaaaaaal! The support of sports betting continues to grow, with more punters from Asia testing their luck as accessibility rises, particularly due to online platforms. A recent study saw particular interest from China and India, with a focus on football (soccer) and basketball. Meanwhile, Thailand is pushing ahead with its draft law for casinos, set to be reviewed by the cabinet this year. And in reporting news, Sands China's GGR market share remains steady, according to analysts.

What you need to know

• The sports betting market in Asia is witnessing significant growth, especially in basketball and football betting.
• Thailand's draft law to legalize casinos is set for cabinet review this year, aiming to enhance tourism and create local job opportunities.
• Despite a 1% drop in net revenue, Sands China's GGR market share remains steady at 24%, notes Citigroup following 3Q24 results.

On the radar

• SkyCity General Counsel with a major role in civil penalty proceedings resigns.
• Marina Bay Sands $8B expansion to create the "most important" IR in the world.
• Macau raids lead to the arrest of 42 in money exchange syndicate. 
• Isle of Man GSC releases results of the latest survey on responsible gambling.

AGB Intelligence

SPORTS BETTING

Sports betting with significant growth, particularly in basketball and football

Corporate Spotlight

Altenar brings premium sportsbook solution to Asia

1xBet: The most popular gambling games and slots in Asia

Industry Updates

• IAGR revealed the 2024 International Regulatory Awards winners.
• Push Gaming expands reach with Interwetten Group partnership.
• Wazdan launches content on Caesars Entertainment’s iGaming platforms.

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