Good morning. Unfortunately there can be a negative undercurrent to the gaming industry. And jurisdictions in the Pacific Islands are particularly vulnerable to the types of activities criminal groups aim to exploit via gambling-related operations, warns the United Nations. Key examples, such as Palau and Saipan, highlight how quickly money can be made, and how oversight can be manipulated. Meanwhile, Genting was happy to open up its new casino in Malaysia, however, analysts caution that the impact could be minimal as larger venues remain closed.
What you need to know
- Gambling and casino-related crimes have emerged as significant challenges for Pacific Island Countries and Territories, warns a United Nations report.
- Resorts World Genting’s new casino is a positive step, but the impact is expected to be modest: Maybank.
On the radar
- Light & Wonder reshuffles management, Gleen Huybrecht Managing Director, Asia.
- Major Vietnam bank denies claims executives tied to gambling.
- NUSTAR parent company appoints first female President and CEO.
- Indian gaming companies seek Supreme Court relief from tax demands.
- AGEM Index fell by 4.8 percent in December.
- Macau domestic helper visa used in illicit money exchange biz: Police.
- Macau Airport sees 48 percent growth in passenger traffic in 2024.
AGB Intelligence
UNITED NATIONS REPORT
Gambling-related crimes challenge Pacific Islands
A new report from the United Nations Office on Drugs and Crime Southeast Asia and the Pacific (UNODC) highlights new challenges brought about for Pacific Island Countries due to increased gambling-related crimes. Criminal groups aiming to expand their presence are using casinos for money laundering and human trafficking, sheltered by weak oversight and political influence. Regions such as Palau and Saipan have been targets for these operations, exploiting loopholes and relationships.
Industry Updates
- Melco Resorts receives 6 Diamonds from Black Pearl Restaurant Guide 2025.
- EvenBet Gaming 2024 Trends Report with focus on regulation and compliance.
- Pragmatic Play introduces enhanced multipliers in Aztec Smash.
Corporate Spotlight
1xBet’s 2024 Milestones: key achievements & heights of success
In 2024, 1xBet achieved significant breakthroughs and successes, solidifying its position in the iGaming industry. The brand secured major partnership deals, received prestigious awards, and showcased its innovations at the world’s leading forums.
Altenar brings premium sportsbook solution to Asia
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.
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