Daily Asia Gaming eBrief: Social impact concerns of Thai IR bill raised
Monday 23rd of September 2024
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Good morning. Listening to the people. Thailand's draft bill for entertainment complexes is moving forward, with potential revisions to location and operational details expected before its introduction next year. This comes as concerns about social impacts and gambling addiction have been raised by industry leaders, highlighting the need for clear regulations and careful planning. Meanwhile, the Australian government is considering significant restrictions on gambling advertising, including a complete ban on digital ads and a prohibition on television commercials before and after sports broadcasts. Moving to the UAE, MGM Resorts CEO Bill Hornbuckle has confirmed the group has already officially submitted a request for a license in the country.
What you need to know
Thailand's casino bill faces potential changes under the new government, as some sectors express concerns about social impacts.
The Australian government is contemplating significant restrictions on gambling advertising, which could include a complete ban on digital ads.
Thailand's draft bill for entertainment complexes is progressing, with potential revisions to details like location and operational requirements expected before its introduction next year, following public hearings held in August. Deputy Finance Minister Julapun Amornvivat acknowledges the need for adjustments based on feedback, highlighting the importance of transparency in the process, while industry leaders offer mixed reactions regarding the potential benefits and risks associated with the bill.
Altenar, a leading sportsbook provider is bringing its global expertise to Asia, looking to expand its operations. Since 2011, Altenar has powered hundreds of online sports betting sites worldwide and is a major B2B provider in Europe and Latin America licensed markets.
For global betting company 1xBet, Asia is a key market for several reasons. This is why 1xBet pays special attention to the Asian market and actively promotes its sports betting platform and the most popular gambling games on the continent.
Asia Gaming Brief is a news and intelligence service providing up to date market
information for worldwide executives on relevant gaming issues in Asia.