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Your Daily Asia Gaming eBrief: Crypto, Covid a challenge to illegal igaming crackdown
Wednesday 9th of February 2022
Good Morning. Australia’s media watchdog has been ramping up efforts to clampdown on illegal online gambling operators that have been targeting Australians. In today’s Industry Voice, we speak to ACMA authority member Fiona Cameron about what challenges she sees ahead for the authority in its fight against illegal igaming.
What you need to know
- Studio City International Holdings has warned that Macau’s new gaming laws, which require all casinos to be housed in property owned by the concessionaire, may affect its business.
- Studio City International Holdings could withstand at least a year of a zero-revenue environment following a $600 million capital raising round, Standard & Poor’s said.
- Marina Bay Sands said it has embarked on a $1 billion revamp of its iconic Singapore property, the largest reinvestment since it opened.
- Philip Lee, executive deputy chairman of NagaCorp says the lack of Chinese outbound visitors has not had a significant impact on NagaWorld’s revenue.
- The Star has been accused of encouraging local gamblers to falsely claim they reside outside of New South Wales, in order for the company to minimize the amount of gaming tax paid to the state government.
On the radar
- Malaysia to reopen for quarantine-free travel from March 1st.
- NUSTAR says the whole property will hold a soft opening in May, not just hotel.
- Global chip shortage to begin easing in 2H22.
What the papers say
- Three more union leaders in NagaWorld worker strike arrested.
- Wakayama assembly concerned over funding plans for Clairvest Neem IR.
- Macau local single-shot vaccination rate reaches 75 percent.
- Hong Kong unveils city’s toughest pandemic measures to date.
AGB Intelligence
INDUSTRY VOICE
Crypto, Covid a challenge to ACMA’s illegal igaming crackdown
Australia’s online gambling watchdog, ACMA, says it has been beefing up efforts in its war against illegal online gambling but says that Covid-19 and the rise of cryptocurrency has been changing the battleground. We recently interviewed Fiona Cameron, an authority member of the Australian Communications and Media Authority (ACMA), and asked about the challenges facing authorities in stamping out illegal online gambling operators in Australia. Cameron will also be speaking at next month’s Regulating the Game 2022, a five-day education program held at the International Convention Center in Sydney from 7-11 March 2022.
GLI: Setting the standards for online testing
Online gaming is growing in leaps and bounds. As jurisdictions seek to respond to consumer demand, suppliers have responded with a fantastic range of online gaming solutions. GLI has created several standards that help both suppliers and regulators in the development and deployment of online gaming, and testing plays a key role in the larger compliance assurance process.
1XBet: Influencing the game in Asia
Leading bookmaker 1xBet continues to expand its presence in one of the largest markets in the betting industry - Asia. Millions of potential players and the huge prospects of this region attract the attention of all top betting brands.
Industry Updates
- Galaxy Entertainment supports Macau’s elderly during CNY.
- Endorphina releases the first slot title of 2022 entitled Wild Love!
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