Daily Asia Gaming eBrief: TransAct sees cashless opportunities in gaming/non-gaming

Friday 24th of May 2024

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Good Morning. Whereas cash used to be king, cashless is making moves to steal the crown. But opportunities still abound within both the gaming and non-gaming spheres, according to Transact Tech CRO Tracey Winslow. Meanwhile, in the UAE, the construction of Wynn Al Marjan Island is set to boost the GDP of Ras Al Khaimah over the coming years, according to analysts. And in the Philippines, Jade Entertainment has suspended the operations of its sportsbook, due to a pending payment to PAGCOR.

What you need to know

Cashless shift provides opportunities both for the gaming and non-gaming segments, with TransAct Tech maximizing potential: CRO.
Wynn Resorts IR project in Ras Al Khaimah expected to provide significant boost to the emirate’s GDP, according to Fitch Ratings.
Jade Entertainment suspended operations of its Jade Sportsbet brand after failing to pay mandatory fees to PAGCOR.

On the radar

Arrested Philippines commandos provided security to Chinese POGO exec.
ACMA blocked eight more illegal offshore gambling websites.
Airport lounge for Hong Kong and Zhuhai airports launched in Venetian.
Dynam Japan records 87.4% increase in net profit, announces dividend.

AGB Intelligence

FACE TO FACE

Non-gaming cashless opportunities boosting gaming offerings: TransAct CRO

The shift to cashless is providing opportunities both within the gaming space and the non-gaming space, with TransAct Technologies poised to leverage its experience across multiple markets in Asia and abroad. Chief Revenue Officer Tracey Winslow says that gaming has driven at least half of the company’s revenue over the years, with the company aiming to “meet the players where they are”.

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