Your Daily Asia Gaming eBrief: Place your bet! Over voice, in Cantonese

Friday 19th of August 2022

Good Morning. Voxbet is prototyping a Cantonese voice betting technology with an Asia’s leading horse racing clubs which eases navigation through your typical content-heavy sports betting site. In today’s Face-to-Face interview, managing director Jonathan Power takes us through some of the benefits of bypassing what can be a lengthy and frustrating process for someone who knows what they need and just want to place a bet.
At home, local Macau operators Galaxy and Melco posted tamed results for a horrid 2Q22. Figures aside, brokerages maintain bullish stances while revising forecasts. Have a great weekend!

What you need to know

Despite bleak 2Q22 figures, the near-term sluggish outlook throughout the year brokerages J.P. Morgan and Bernstein remain bullish on Galaxy.
Lukewarm numbers have not made an impact on leading brokerages Bernstein and J.P. Morgan take on Melco 2Q22 results.
Jefferies is “still waiting for the players” to return to Macau as revenues burnt more than expected when once there was 'hope' of a recovery.
MELCO widens loss on Macau travel restrictions to $251m for 2Q22.
Galaxy 2Q22 reports a net loss of $850m, restriction impact.

On the radar

Macau non-gaming visitor spend slashed in half for 2Q22
Mere 210 visitors flew to Macau in July 2022: official.

AGB Intelligence

FACE-TO-FACE

New voice-betting tech to improve navigation, boost volumes

Sportsbetting software developer Voxbet has developed technology that will allow punters to place a bet through voice technology on horse racing. Once perfected in Cantonese, Voxbet plans to tackle the rest of Asia. The company has been a pioneer in using new tech to improve the ease of navigation through often complex sports betting websites, with its text-a-bet service already live with some of Europe’s largest bookies. Managing director Jonathan Power tells us in this week’s Face-to-Face interview that the next step is expansion into Asia, where it’s working on a prototype of the voice service in Cantonese, with a major Asian racing club.