iGaming News for April 2024

ASIA

1. Berjaya and Genting Deny Involvement in Alleged Forest City Casino Talks

Both Berjaya Corp and Genting Malaysia Bhd have denied any involvement in talks about a second casino in Forest City, Johor. This comes after Malaysia’s PM Dato Seri Anwar Ibrahim refuted the alleged talks, calling them “lies”. Genting Malaysia stated, “Neither the company nor Tan Sri Lim (Kok Thay) was involved in any such discussions or meetings.” Berjaya Corp went as far as lodging a police report over the claims and releasing an official press release statement. 

2. Macau Sees 26.0% Year-on-Year Growth in April GGR

Macau’s gaming industry continues its robust growth, recording a 26% increase in Gross Gaming Revenue (GGR) compared to April 2023. The total GGR for the first four months of 2024 reached MOP$75.87bn (US$9.41bn), marking a substantial 53.7% rise from the same period last year and reaching 76.1% of GGR levels in 2019. This positive trajectory indicates a promising outlook for Macau’s economic recovery, driven by increased tourism and improved consumer confidence. 

EUROPE

3. EGBA Research Shows Europe Embracing Multi-Licensing for Online Gambling

The European Gaming and Betting Association (EGBA) reveals a notable shift towards multi-licensing for online gambling across Europe. Out of 31 European countries surveyed, 27 have adopted some form of multi-licensing. This marks a significant departure from the landscape just 15 years ago when many countries lacked dedicated regulations or operated under exclusive rights models favoring state-owned entities. 

LATAM

4. Brazil Implements Payment Rules for iGaming and Sports Betting Market

Brazil’s regulating iGaming and sports betting market introduces new payment rules, banning operators from accepting credit card or cryptocurrency payments from bettors. These regulations aim to provide better control and oversight in the Brazilian online gambling sector. 

AFRICA

5. EveryMatrix Explores Nigeria’s Booming Slots Market

EveryMatrix’s Stian Enger Pettersen offers insight into Nigeria’s potential to become Africa’s biggest slots market. Early-stage data reveals unique player behaviors and wagering trends. Among the top five most popular game themes in Nigeria are Asian, Classic, Animals, Fruits, and Action. Pettersen emphasizes the importance of flexibility and gamification in catering to rapidly evolving player behaviors and preferences in the Nigerian market.