Daily Asia Gaming eBrief: Top illegal Asian gaming markets targeted

Good Morning: Regulate it, don't eliminate it. The Asian Racing Federation has pointed out what it considers the largest illegal betting markets in Asia, noting that illicit markets can grow exponentially quicker compared to their counterparts. The authority proposes cross-border cooperation and a crackdown on betting products to stem untaxed outflows. Meanwhile, the Macau Jockey Club continues its spiral, according to a report, with new decreases in prize money.

What you need to know

• China, Indonesia, Malaysia, the Philippines, and Thailand are currently the largest illegal betting markets in Asia: Asian Racing Federation.
• Macau Jockey Club (MJC) informed club member/horse owners about 30 percent decrease in horse betting prize money: report.

On the radar

• Macau's gaming tax revenue at 100 percent of budget forecast in Oct.
• Two-day MGS draws 3,500 attendees from 20 countries and regions.
• Gaming drives rebound in Macau’s 3Q23 GDP.
• Virtual Gaming Association aims to kickstart online gaming in East Timor.

AGB Intelligence

ILLEGAL BETTING

ARF identifies key illegal Asian markets

Corporate Spotlight

All you need to know about 1xBet affiliate program

Industry Updates

• Rolls-Royce SPECTRE makes debut at Wynn Palace.
• MGM supports Tung Sin Tong’s annual fundraising campaign.

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