Good Morning. The domino effect. India’s prompt ban on real money games tipped over the first tile, and now many more are set to fall. The move prompted an immediate exodus of operators from the country, but is now raising questions about even how far legal operations, such as Esports, could be affected or penalized. Meanwhile, Genting Berhad is continuing its push to gain full control of Genting Malaysia, launching a new wave of notes to finance the bid.
What you need to know
- India’s online gaming industry is facing widespread disruption after a new federal law imposed a blanket ban on all real-money games.
- Genting Bhd ramps up fundraising with a $1.22 billion notes program and fresh issuance to support its push for full control of Genting Malaysia.
On the radar
- BetMakers to acquire Las Vegas Dissemination to boost Nevada presence.
- PH authorities continue POGO crackdown, arresting 112 in Manila.
- Illicit car-based money-exchange service near Macau casinos busted.
- Dynam Japan posts 40.2% profit surge despite a 3.2% pachinko drop.
AGB Intelligence
INDIA
Online gaming industry facing disruption over RMG ban
India’s ban on real money games continues to send shockwaves through the industry, as operators pack their bags and head to greener pastures. The strict penalties under the new legislation also have companies worried about how far it will affect even sectors deemed legal, such as Esports and social gaming, prompting further concern about how these can grow if funding is scarce.
Industry Updates
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- DATA.BET reports rise in player value driven by sports betting integration.
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