Your Daily Asia Gaming eBrief: India losing millions in tax to offshore lotteries

Good Morning. An alarming increase in offshore lotteries is a major concern for many Indian states. Despite stern measures, offshore lotteries remain largely prevalent, writes industry insider Jaydeep Chakravartty. Suncity’s shell price was deemed too cheap. Macau still hopes.

What you need to know

• Crown Resorts will not be banking either on the junkets or on the high-end Mainland tourists for its casino business, CEO Ciarán Carruthers.
• Suncity’s - rebranded LET Group - take-over offer, at 23 times down the quoted price, was considered “highly undervalued” by the HKSE.

On the radar

• Philippines’ Marcos Jr. mulling voluntary face mask mandate.
• NFL season expected to draw record number of punters: AGA.

AGB Intelligence

INDUSTRY VOICE

India losing millions in tax on non-licensed offshore lotteries

Industry Updates

• Marina Bay Sands, LVS, unveil $1m scholarships.
• Light & Wonder inks OpenGaming deal with BetMGM.
• BETEGY, Yolo Investments close investment round.

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