Your Daily Asia Gaming eBrief: Crypto: The Key Factor for the iGaming Sector’s Growth

Good Morning. Fast but volatile. Such is the world of crypto - a wild ride, but one which is full of benefits, if companies just know how to maximize the potential. Ana Schultz, from payment service provider FinchPay, points out how crypto adoption can be a major boon to iGaming operators who are still focused on a fiat-based world. And in Macau, GGR is expected to take a hit in September, dropping by some 6 percent monthly, in part due to the super typhoon which shuttered casinos. Meanwhile, a judge has ordered that Universal Entertainment is not required to complete its SPAC merger.

What you need to know

• Crypto adoption is key for the growth of the iGaming industry. FinchPay's COO says that companies need to evolve from fiat.
• Macau September gaming results are likely to fall by 6 percent from the previous month, impacted by super typhoon Saola: Morgan Stanley.
• US judge: Universal Entertainment is not required to complete the SPAC merger with 26 Capital.

On the radar

• Wynn Resorts reaches settlement in sexual harassment lawsuit.
• Playtech adjusted EBITDA for 1H23 up 10 percent, at $236 million.
• Jumbo Interactive inks four-year extension to WA lottery contract.
• Macau labor association to strengthen protection for casino employees.
• China court declares virtual assets legal property protected by law.

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Crypto adoption key to the growth of iGaming: Ana Schultz

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