Daily Asia Gaming eBrief: Gaming compliance increase requires tech solution

Thursday 11th of April 2024

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Good Morning. The gaming industry is increasingly concerned about making sure players are who they say they are. And the only solution for guaranteeing strict compliance to increasingly assertive AML/KYC initiatives is tech, and AI in particular, notes an expert. Meanwhile, in Macau, MGM China has been riding a high wave recently, but it is signaling that it hopes to avoid the shoals as it moves to ensure that it can cover its upcoming dues.

What you need to know

Industry expert says tech is the key to standardizing regulations in the gaming industry, as compliance requirements increase.
MGM China warns that its ‘high indebtedness’ could ‘pose challenges’ for the operator to meet its obligations regarding unsecured notes.

On the radar

Thai cabinet endorses committee casino report.
Imperial Pacific gaming license decision delayed to April 22nd.
Galaxy points to dividend round as sign of strong financial situation.
Macau’s multi-entry visa for tour groups under evaluation: gov't.
Fast Track leading digital transformation in Asia's iGaming industry.

AGB Intelligence

COMPLIANCE

Tech is key to standardizing regulations: industry expert

User verification is becoming essential, and operators are increasingly requiring it to meet their AML standards - important for international benchmark setters such as the FATF. Industry expert Chuan Wee Lye notes that supervision will be essential in actually implementing the KYC process, noting the benefits of artificial intelligence in noting player patterns and identifying deep fakes.

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.