Gamingtec exec weighs in on the challenges, opportunities of Asian market ?

Jenny Ortiz May 21, 2024

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Gamingtec exec weighs in on the challenges, opportunities of Asian market ?

Gamingtec, a provider of iGaming solutions, is marking its debut in the Asian market. Speaking with SiGMA News during the ASEAN Gaming Summit, Andrei Beu, Commercial Director of Gamingtec, shared insights into the company’s first event in Asia. “This is our first event in Asia, [and we are] aiming to establish a presence and introduce our brand,” Beu stated.

Gamingtec is a global company offering white label and turnkey solution, focusing on customization and partnership.

Challenges and opportunities in the Asian Market?

Beu told SiGMA News that the move into Asia presents both challenges and opportunities for Gamingtec.

“We see ourselves as a global company without boundaries. We are here to establish a foothold and penetrate the Asian market,” Beu noted. He highlighted the company’s live operations in Japan and the complexities of navigating its highly regulated environment. “Japan has great potential, but compliance with government regulations is crucial for success,” he said.?

Regulatory landscape in the Philippines?

Discussing the regulatory environment in the Philippines, Beu was optimistic. “The Philippine iGaming scene is very welcoming, with high availability for licences. We hold a PAGCOR licence, and the regulatory process was straightforward compared to Europe or the US,” he commented.

Beu emphasised that Gamingtec is prepared to comply with any regulatory changes, ensuring a stable and conducive environment for their partners.

Outlook for iGaming in Asia and beyond?

Looking ahead, Beu expressed confidence in the growth of the iGaming industry in Asia.

“The market is growing steadily and consistently. Like Latin America, where regulation spurred immense growth, Asia is poised for significant development,” he observed. Beu foresees more markets becoming regulated and attracting investment, creating a vibrant iGaming ecosystem in Southeast Asia.

“Expect to see more of Gamingtec in Southeast Asia. We aim to be perceived as a successful provider and partner,” Beu concluded.?