Daily Asia Gaming eBrief: Macau VIP revenue trending down in 2Q24
Asia Gaming Brief
Asia Gaming Brief is a news, events and networking company focused on Asia Pacific’s rapidly expanding gaming industry.
Good Morning. In Macau, it’s all about the mass. That’s at least what the second quarter results are showing, with official data showing that VIP baccarat revenue made up less than a quarter of the total GGR during the period. Mass continued to perform well, however, while sports betting revenues were boosted by the Euro. In the Philippines, the nation’s president has been urged to ban Chinese-targeted POGO operations, but courts will need to decide whether the claims are sufficient to act.
What you need to know
On the radar
AGB Intelligence
MACAU
Macau VIP GGR trends down in the second quarter
Macau’s shift to a mass market model appears to be working, with VIP baccarat revenue in the second quarter amounting to less than a quarter of the total GGR. Mass market baccarat continued to perform strongly, however, despite a slight sequential downturn, indicating that punters have not lost their appetite to play. Meanwhile, recent sporting competitions such as the Euro caused a boost in sports betting during the quarter.
领英推荐
Corporate Spotlight
Know Your Enemy: An Interactive Guide to Online Gaming Fraud
Online gaming fraud is on the rise in the iGaming industry. In Q1 2022, there was an 85% increase in fake account registrations compared to Q4 2021.?While players are undoubtedly affected by gaming fraud, iGaming platforms?also suffer due to damaged reputations, huge financial losses, and legal consequences.
How 1xBet dominates?the Asian market: conditions and approach
1xBet?operates in several dozen countries in Asia, and the number of?partners?in this region is?growing steadily, which indicates the?effectiveness of the?1xPartners?affiliate program. The brand offers favorable?conditions?and a modern set of?tools for making money?on the Internet.
Industry Updates
Executive Vice President of Strategic Operations at eConnect
7 个月It looks increasingly as though the clampdowns by the Chinese Government and Operator shift to the Mass/Premium Mass segments are achieving the aims set out for them.