Your Daily Asia Gaming eBrief: Karnataka ban on online gambling continues to be challenged

Good morning. Few dispute that India has the potential to be one of the world's gaming super powers, though at present it's the lawyers that seem to have the winning hand. With no national gaming framework, the skill-based gaming industry has to fight its corner through High Court battles, with a key hearing set in Karnataka this week. Today's Deep Dive takes a look at some of the latest legal developments. 

What you need to know

• Macau Chief Executive Ho Iat Seng has held out the possibility that the government may extend the current gaming concessions if an update of the gaming law is not completed on time. 
• Macau’s Chief Executive Ho Iat Seng said that the government is in continuing negotiations with Mainland China on group visas and e-visas, but that a broader border opening  is not imminent.
• Resorts World Manila saw its gross gambling revenue rise 46 percent in 3Q21 from the prior quarter, despite the lockdowns in the Philippines.
• IGT is expecting to see mid-single-digit CAGR for revenue from 2022-2025 through its growth, innovation and optimization strategies.

On the radar

• ACMA says it has blocked a total of 55 online casinos since Nov 2019.
• Cambodia has blocked 79 illegal online gambling sites.
• Singapore will extend its travel bubble to India, Indonesia, Qatar, Saudi Arabia and UAE. 

What the papers say

• Return on investment period for Macau operators lengthening significantly.
• UOB Kay Hian predicts strong 4Q21 recovery for Genting Malaysia on pent-up demand.

AGB Intelligence

DEEP DIVE

Karnataka hearing set for Nov. 18 as legal tussles continue

Industry Updates

• Superbet extends platform deal with Comtrade Gaming
• Jumbo and APE to present J-Multi ETG, Long Yi Fa jackpot at MGS
• ONE Esports announces partnership with Franklin Templeton 
• PAGCOR releases P150m to fund construction of  Bicol evacuation centers
• Spring becomes Platform of the Year at SiGMA

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