BBIN FEATURE

Return and Reconnect

The Year of 2021 hasn’t been easy for everyone, with challenges keeping evolving and bringing unprecedented and continuous disruptions to our life and business operation. However the situation also prompted us to reflect on the status quo and make changes that enable the adaption to the new world situation. Coping with the COVID19 crisis over a long period of two years, the world finally envisions a limelight of hope with vaccination rates on the rise and gradual international border opening. As live events around the world are making gradual comeback, BBIN, the leading iGaming software supplier in Asia, has been actively preparing for the major events in the coming year of 2022, excited to showcase new ideas and innovations in ICE and following industrial events. Revolving around the theme of “the Gaming Beat” in the year of 2022, BBIN looks forward to a deeper connection, reunion and communication with the industry that had been missed out in the past two years when cross-border travelling was not even possible but virtual exhibitions and event took over.

“The Gaming Beat”, encompassing BBIN’s aspiration and future prospects in response to the global crisis, resonances with the original intention of leveraging corporate sustainability and driving business performance ever since its subsidiary “TGB Charity” was established in 2018. From the outset, BBIN started to incorporate the gaming spirits into its CSR programs, regularly launching new online campaigns with interactive designs and inviting visitors to participate. As the idea continues to evolve and the philanthropic engagement deepens, BBIN marks a new phase in its charitable endeavors by taking a holistic and interconnecting approach to accentuate the positive impacts internally in its enterprise and externally to the industry and the iGaming ecosystem.

Reimagining the future_ live with the challenge and harness the change

In practice, we have noticing the Covid19 challenge has not only changed the way people live and work but also accelerate the technological innovations and developments that

enable new patterns of interpersonal communication, interaction and thus a new business model. The challenge is indeed unprecedented, and yet the technological innovation and development also goes frantically fast to keep up. As BBIN constantly adapts to the world situation and pours investment into the frontier technologies that hold the promise to revive productivity, BBIN also highlights the importance of a balanced pace that can enable more sustainable patterns of growth and mitigate environmental degradation or create new inequality issues. In short,

BBIN pursues technological change and innovation for a thriving market but it is also directed towards inclusive and sustainable outcomes through a purposeful efforts, encapsulated in its past and upcoming “The Gaming Beat” programs.

The Gaming Beat Charity_ Think Big, Give Beyond

Looking back to the TGB Charity programs in the year of 2021, BBIN collaborates organizations and institutes around the world delving into several focus areas, including education, environmental protection, and wildlife conservation. The collaboration with PoH (Playground of Hope) attends to the underprivileged groups of the earthquake-affected community, supporting to build the outdoor playground, while the Saath program in India promotes the importance of sanitary education and provides essential resources to improve the local living quality. Most of all, in the latest program for saving the wildlife, BBIN has interconnected with not just one but six animal charities around the world, including FLIGHT (Indonesia), International Animal Rescue (UK), International Rhino Foundation (USA), Phoenix Fund (Russia), Rottnest Foundation (Australia), and Toucan Rescue Ranch (Costa Rica) to addresses the complexities of the biological diversity and urgency of wildlife conservation to a wider range of audiences. BBIN has conducted these programs from a long-term perspective in order to measure the effectiveness and embedding these values into the core of BBIN’s business. We believe this meaningful endeavors and long-term focus will eventually navigate us through the transition period and finally arrive at a new-normal era, where a prosperous and sustainable future is perfectly balanced.

Macau Casino Stocks Worrying Because Of Omicron

Casino stocks in Macau took a concerning nosedive on Tuesday amidst fears of increased regulatory risk and the aggressive global proliferation of the Omicron COVID variant.

Several heavyweights suffered substantial tumbles. Wynn Macau and MGM China were the worst affected, with both succumbing to share price reductions of circa 9%. Sands China saw a 7% decline, whilst Galaxy Entertainment and SJM Holdings delivered similarly disappointing results at -4.2%. Although Melco Resorts and Entertainment held firm in the American market, their Hong Kong listed arm (Melco International Development) dropped 7.9 percentage points. Three of the aforementioned players (Sands China, SJM Holdings & MGM China) have been subjected to increased regulatory risk in recent times, with Fitch Ratings declaring that each firm should be prepared for more scrutiny in their operational processes.

Although Fitch Ratings have declared that its unlikely that closer monitoring would currently lead to major ramifications i.e. restricting license access to new gaming concessions, its clear that the businesses’ place on the Watch Negative list will serve to undermine confidence in cash flow and future prosperity. to grow as the Omicron variant begins to rip through the world’s population. The new threat arrived on Chinese shores via the port city of Tianjin on Monday, as an infected foreign traveller entered the country. More concerningly for Macau’s gambling stakeholders, a second case was reported yesterday in Guangzhou, capital of Guangdong Province.

Guangdong provides a steady stream of visitors to the autonomous region, accounting for 35% of its inbound travel. If restrictions were to be imposed in the locality, darker days may yet loom for Macau.