Your Daily Asia Gaming eBrief: 'Convergence deals' worth $135b across gambling & media

Good morning. The opening of the U.S. sports betting market has triggered a boom in so-called convergence deals as companies capitalize on the potential of teaming up with media outlets and sports teams. KPMG estimates that the new eco-system is worth some $135 billion across gambling, media rights and advertising.

What you need to know

• Star Entertainment has been informed that the review of its Sydney license will include a public hearing component focused on its internal AML controls. 
• Macau operators are set to report their worst quarter so far this year, with 3Q21 profits falling to $62 million in EBITDA, according to a Bloomberg survey. 
• Tabcorp announced its executive and board line up for its Lotteries & Keno and it's Wagering & Gaming businesses, should a demerger between the two go ahead in June 2022.

On the radar

• Macau is requiring all outbound travellers via civil aircraft or vessel to present proof of a negative Covid-19 test at least 48 hours prior to departure.
• A Jeju workers union reportedly held a press conference urging the Shinhwa World Casino to stop the mass layoff of its casino workers.

AGB Intelligence

DEEP DIVE

Content-hungry fans drive boom in sports betting/media deals

INDUSTRY UPDATES

• BBIN launches new charity campaign, Love For All Kinds
• Regulating the Game organizers gearing up for 2022 launch 

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