MACAU GGR | JULY 2024
Asia Gaming Brief
Asia Gaming Brief is a news, events and networking company focused on Asia Pacific’s rapidly expanding gaming industry.
Macau GGR hits $2.31B in July,?up 11.6% YoY
Macau’s gross gaming revenue for July reached a total of MOP18.59 billion ($2.31 billion), up by 11.6 percent yearly and 5 percent monthly. July marks the fourth-highest GGR registered in Macau this year. Figures peaked in May, at MOP20.18 billion ($2.5 billion), while March was MOP19.5 billion ($2.42 billion) and January was MOP19.33 billion ($2.4 billion).?According to data from Macau’s gaming watchdog DICJ, the figure is a near-24 percent drop compared to the same month in 2019, before the pandemic.
AGB Intelligence
PHILIPPINES
Rents to halve and vacancy rates increase due to POGO ban
The impact of the ban on Philippine Offshore Gaming Operators (POGOs) is set to be heavily felt in the real estate market, despite operators already having largely shielded themselves from the backlash. Experts expect rental rates to as much as halve, with vacancy rates to rise by up to 19 percent in Metro Manila. However, this could provide a promising opportunity for local investors willing to snap up properties during the downturn.
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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