Your Daily Asia Gaming eBrief: What you need to know about the metaverse and gaming

Good Morning. Scientific Games today announced a rebranding and refocusing of the company towards cross-platform gaming - bridging the gap between land-based and online, young and the old. Fittingly, today we also take a deep dive into "The Metaverse", looking at what it is and what its relevance is to the increasingly digital gaming industry. 

What you need to know

• Scientific Games announced it will be changing its name to Light & Wonder, Inc, reflecting a new company direction that will focus on cross-platform game development.
• Macau gross gambling revenue rose 6 percent year-on-year in February, largely in line with analysts' expectations, helped by a strong Chinese New Year period.
• Melco Resorts & Entertainment said 4Q21 adjusted EBITDA almost doubled on tight cost controls, but revenue dipped due to a soft performance in the rolling chip segment and on Covid restrictions.
• Australia’s financial crimes and anti-money laundering watchdog has begun civil penalty proceedings against Crown Resorts for “serious and systematic” breaches in the law.

On the radar

• Scientific Games, now Light & Wonder swings to profit in 4Q21
• Melinda Chan to resume CEO role after Levo Chan detention
• Macau operators joined a renewed push to improve vaccination rates.
• Landing International expects to report a 70% surge in 2021 revenue 
• Everi sees record earnings in 4Q21 and 2021, driven by its games and fintech segments.

What the papers say

• Macau casino worker charged with stealing HK$300,000 in chips from the table.
• Myanmar leader hands control of hotel and casino in Golden Triangle to associates.

AGB Intelligence

DEEP DIVE

Gambling on ‘the metaverse’ [Part 1]

Industry Updates

• Endorphina partners with leading operator Hero Gaming!

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