As populations grow, Asia continues to be the mecca for iGaming and sports betting. Spending propensity also increases and interest in testing one’s luck rises. With one top company aiming to leverage its success in India across the Philippines, Malaysia, and South Korea, vying for space in the marketplaces is tough. On the other hand, GGR could hit some $29 billion this year in Macau. This is based upon strong growth in the second half of 2024, even after June failed to impress.
On additional news:
A sportsbook and iGaming provider, GR8 Tech, eyes India and the Philippines as high-potential gaming online markets to dig into.
In 2024, Macau expects its GGR to reach $29 billion. This nears 82% of pre-COVID levels, with potential 14% growth in 2H24: Goldman Sachs.
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The online gaming sector has seen expansive growth in the past years, with many operators wishing to move into the Asian marketplace. One such is GR8 Tech, a sportsbook and iGaming provider. It finds that its key online markets are actually India, the Philippines, Malaysia, and Korea. Each market does not only offer its own specific qualities, but also vastly different population sizes. However, in particular, all demonstrates a strong propensity for growth in sports betting.
In the iGaming industry, online gaming fraud is on the rise. In the first quarter of 2022, there was an 85% increase in fake account registrations. This compares to the 4th quarter of 2021. Even though gaming fraud undoubtedly affects players, it also harms iGaming platforms through damaged reputations, huge financial losses, and legal consequences.
