Daily Asia Gaming eBrief: BC.GAME case lays bare regulatory issues in Curacao

Friday 29th of November 2024

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Good morning. Curacao has invited scrutiny into its gaming licensing system, after the recent case of BC.GAME drew the world’s eyes, and interest, to its regulatory shortcomings. Despite moving to revoke the company’s license, the damage may have already been done. Meanwhile, in Australia, authorities are moving quickly against bad actors, taking disciplinary action against nearly 90 licensees and employees in the past years. And in Malaysia, Genting saw a slight drop in revenue for 3Q24, weighed down by rising costs and regional challenges.

What you need to know

Curacao’s regulatory failures exposed in BC.GAME case, raising questions about the jurisdiction’s regulatory regime.
The Victorian Gambling and Casino Control Commission has taken 88 disciplinary actions against gambling licensees and employees in 2023-2024.
Genting Malaysia sees an 11% revenue drop in 3Q24, as the leisure & hospitality segment faces challenges amid rising costs.

On the radar

Illegal money exchange activities remain “critical challenge”: Macau Police.
The Star admits liquidity and financial viability remain largest concerns.
240 gambling scammers deported from Cambodia to China.
PDEA unveils deep links between POGOs and drug syndicates.
HK’s ZA Bank becomes first in Asia to offer offer crypto trading to retail users.
Malaysia asks Facebook to remove 250K ads linked to illegal gambling.
India investigates Google over policies for real-money games.

AGB Intelligence

CURACAO

Curacao regulatory failings exposed in BC.GAME case

Curacao is taking a reputational battering, with the recent BC.GAME case exposing its shortcomings and inviting scrutiny into its gaming licensing regime. The Curacao Gaming Control Board is poised to revoke the company’s license, following its bankruptcy filing and after the company has been accused of running one of the largest illegal betting networks in continental Europe. Critics argue that Curacao’s licensing system has long prioritized revenue generation over regulatory enforcement, with this recent case serving as testament.

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