Daily Asia Gaming eBrief: Illegal betting in India threat to national security

Tuesday 25th of June 2024

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Good Morning. Not only illegal but a threat to national security. That's what the authors of a recent whitepaper say about illegal gambling in India, concerned not only about the outflow of billions of dollars to offshore accounts, but the vulnerability of users of betting apps, who are signing up for more than they bargained for. Meanwhile, in junket news, the Dowinn Group has postponed reopening its operations in the Philippines, prompting further concern from the industry over its viability.

What you need to know

Whitepaper addresses nexus between illegal gambling and national security threats in India, asks for regulated local e-gaming market.
Philippines casino junket Dowinn Group postpones resumption of operations to July 19th, heightening industry unease.

On the radar

Moody's gives positive outlook on Asia gaming operators amongst recovery.
PH Resorts denies collapse of Emerald Bay sale to Okada Manila operator.
Regional police chief under investigation over illegal POGOs in his jurisdiction.
SkyCity divesting stake in online gaming platform Gaming Innovation Group.
David Foster resigns as Chairman of The Star.

AGB Intelligence

INDIA

Illegal gambling linked to national security threats

A new whitepaper has shone fresh light on the links between illegal gambling in India and national security risks. In particular, certain betting apps were found to be stealing and transmitting real-time data of users to outside India. In addition, the $100 billion illegal gaming market in the country is being facilitated through cryptocurrency and offshore entities, with groups siphoning off billions through complex financial networks.

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