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HomeNewsDaily Asia Gaming eBrief: UN warns of rising online gambling threats in Southeast Asia

Daily Asia Gaming eBrief: UN warns of rising online gambling threats in Southeast Asia

Good morning. The situation is evolving out there. The United Nations Office on Drugs and Crime warns that Southeast Asia is increasingly threatened by cybercrime and illegal online gambling, with losses estimated to reach up to $37 billion in 2023. Organized crime groups are leveraging these platforms for illicit activities. Meanwhile, in the UAE, Wynn Resorts increased the UAE casino project budget to $5.1 billion, aiming for high-net-worth clientele with a new gaming license secured.

What you need to know


On the radar


AGB Intelligence

CYBER CRIME

southeast asia

Rising cyber fraud and gambling threaten Southeast Asia: UN

Southeast Asia is grappling with an alarming surge in illegal online gambling and cyber fraud, according to a recent report from the United Nations Office on Drugs and Crime (UNODC). The report estimates that financial losses linked to scams in the region could reach between $18 billion and $37 billion in 2023. Organized crime groups are increasingly exploiting unregulated online casinos and high-risk virtual asset service providers, creating a complex web of money laundering and cyber-enabled fraud that challenges law enforcement efforts across the region.


Corporate Spotlight

Altenar brings premium sportsbook solution to Asia

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.

1xBet, The most popular gambling games and slots in Asia

For global betting company 1xBet, Asia is a key market for several reasons. This is why 1xBet pays special attention to the Asian market and actively promotes its sports betting platform and the most popular gambling games on the continent.


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AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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