Your Daily Asia Gaming eBrief: Philippines, Cambodia, Laos, and Myanmar generate $425 billion in illegal betting turnover

Good Morning. One player to rule them all. Chinese play has always been the lifeblood of Asian gaming, but a recent report by the Asian Racing Federation has highlighted exactly how extensive the tentacles reach. Throughout Southeast Asia, the Philippines, Cambodia, Myanmar and Laos have leveraged nearly half of worldwide illegal betting turnover, despite authorities' attempts. And in Singapore, analysts say that VIP remains unaffected by the recent massive money laundering case.

What you need to know

• Greater China drives roughly half of global illegal betting turnover, with the Philippines, Cambodia, Myanmar, and Laos jointly yielding $425 billion.
• Despite Singapore's recent massive money laundering case, an analyst at Maybank says that the VIP market remains unaffected.

On the radar

• Okada Manila revenue up by nearly one-third in 3Q23.
• MGM launches sightseeing cruise, enriching its non-gaming offerings.
• China satisfied with Philippines on cross-border gambling crackdowns.
• IPl faces two winding-up petitions in Hong Kong.

AGB Intelligence

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Greater China driving worldwide illegal betting turnover

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