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

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.

Industry Updates

• MGM Resorts disburses?$2m?in grants?to US nonprofits.
• BETER?presents Sic Bo variant, invests heavily on side bets.