Your Daily Asia Gaming eBrief: Pronet Gaming leveraging Asia's grey markets

Friday 29th of September 2023

Good Morning. Asia is a unique market, and Pronet Gaming is being calculating, as the company humbly moves into Asia - while still crafting strong moves to capitalize on its strengths within the sphere. CEO Alex Leese points out how gray markets are beneficial, but larger operators need flexible systems on the ground to deliver. And in Macau, Galaxy aims to redevelop the city's iconic shipyards. Moving to Cambodia, Naga faces woes over the junket sector crackdown, with Citigroup lowering the group's EBITDA estimates.

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What you need to know

Pronet Gaming's CEO Alex Leese says that gray markets are a massive untapped potential the company targets as it moves into Asia.
Galaxy Entertainment is set to revitalize Macau's historic shipyards, with plans including a synthetic ice rink, urban farm, and cultural spots.
The VIP junket sector's collapse spells prolonged uncertainty for Cambodia's NagaCorp, with a bleak outlook for EBITDA recovery: Citigroup.

On the radar

MGM reaches agreement for IR project in Osaka.
26 Capital SPAC dissolution blocked by courts.
Sega Sammy restructuring European business in move to cut costs.
FEC separately listing Czech Republic casino subsidiary.
Tabcorp fined for gambling inducements on website.
SkyCity promotes Donna Cooper to director position.
AGTech wins sports lottery terminal supply tender.
Okura turns to profit in 1H23, as expense cutting measures continue.

AGB Intelligence

FACE TO FACE

Pronet Gaming, leveraging Asia's grey markets by Alex Leese

Pronet Gaming's CEO on the future of grey markets

The Asian gaming sphere continues to offer benefits, particularly for those operators willing to explore opportunities in the gray markets. And that's where Pronet Gaming shines, notes CEO Alex Leese, pointing out how the company can help bigger firms navigate the complexities of Asian gaming legislation, while maximizing return - be it from sportsbooks or iGaming. While still in its Asian debut, Pronet has high aspirations, hitting the ground running but with strict quality control.

Corporate Spotlight

Evolution unveils innovative Prosperity Tree Baccarat game

Evolution, Prosperity Tree Baccarat, asia gaming ebrief

Evolution, a prominent iGaming B2B solution provider, has announced the release of a groundbreaking game Prosperity Tree Baccarat, recreating the classic Baccarat play with a fresh and engaging twist.

All you need to know about 1xBet affiliate program

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1xBet was founded in 2007 and started accepting bets online in 2010. Over the years, 1xBet has become a key player in the sports betting industry and is now one of the top three most visited betting websites.