Daily Asia Gaming eBrief: Gambling study shows online rise in Victoria

Monday 8th of April 2024

1709253631

Good Morning. Out with the old, in with the new. A recent study conducted over a decade in the Australian state of Victoria revealed a decline in traditional gambling participation but a significant increase in online gambling. The research found that while overall participation decreased slightly from 2008 to 2018, online gambling rose dramatically from 4.8 to 19 percent during the same period, with a corresponding decrease in land-based venue-only gambling.
Meanwhile, the UK Gambling Commission has announced that Bet365 will have to pay a hefty fine for anti-money laundering measures and social responsibility. Moving to Macau, brokerage Citigroup noted that all baccarat tables equipped with smart gaming technology could help operators grow their gross gaming revenue without the need to increase foot traffic into the casinos or reduce operating expenses.

What you need to know

Researchers uncovered that, while overall participation rates on ‘traditional’ gambling in Victoria have decreased, online gambling participation has increased ‘dramatically’.
Bet365 was handed a fine by the UK Gambling Commission for compliance failures in anti-money laundering measures and social responsibility.
Citigroup supports the usage of smart gaming tables in Macau, as they believe the technology can eventually increase gaming revenue.

On the radar

PSE-listed DigiPlus' market cap hits $1B this week.
Marina Bay Sands expansion anticipated to begin by July 2025.
AGEM Index decreased 3.3% in March.
Kangwon Land plans $1.9 bln IR revamp.

AGB Intelligence

AUSTRALIA

Victoria sees 10-year drop in traditional gambling, spike in online gaming

A recent study by the Victorian Responsible Gambling Foundation and Christine Stone Consulting revealed a decline in traditional gambling but a significant rise in online gambling in Victoria over a decade. Despite a slight decrease in overall participation, online gambling surged from 4.8 to 19 percent, accompanied by a drop in land-based venue-only gambling. Additionally, the research highlights the vulnerability of male gamblers and young adults and the varied risk levels across different forms of gambling, including racing.

Corporate Spotlight

Sumsub takes the lead in gaming fraud protection

Sumsub, a full-cycle verification platform, proudly sponsored the ASEAN Gaming Summit 2024. Their sponsorship reaffirmed their commitment to helping gaming companies combat fraud amidst the escalating threat of illicit activities in the region. Sumsub took centre stage with an insightful panel discussion on How can PAGCOR use AI for Responsible Gaming/AML compliance.

A complete guide to the 1xBet affiliate program

1xBet, a leading global betting company, introduced its affiliate program in 2016, quickly becoming renowned within the industry and earning recognition at the SBC Awards.