Good morning. A digital boom. Illegal online gambling has persisted in India despite regulatory efforts, a recent report by the Digital India Foundation (DIF) warns. To prevent it the report suggests stricter regulations on digital advertising, enhanced financial oversight, and the implementation of a government-backed whitelist/blocklist for gambling websites. Meanwhile, Star Entertainment is selling its 50 percent stake in the Queen’s Wharf project in Brisbane to its Hong Kong partners, Far East Consortium International and Chow Tai Fook Enterprises. In Thailand, political tensions could hinder the proposed entertainment and casino complex bill, with a no-confidence debate expected against Prime Minister Paetongtarn Shinawatra in the final week of March.
What you need to know
- The Digital India Foundation has exposed the alarming scale of illegal online gambling and betting in India, calling for tighter regulations on digital advertising.
- Star Entertainment sells its 50% stake in the Queen’s Wharf project to Hong Kong partners, marking a key step in its financial restructuring.
- Rising political tensions in Thailand are anticipated to hinder major government projects, particularly the proposed entertainment and casino complex.
On the radar
- SEON showcases advanced digital fraud prevention solution at ASEAN 2025.
- DigiPlus reports record-breaking 207% net income growth in 2024.
- Kangwon Land board flags final dividend for 2024.
- Sega Sammy revenue declines amid Pachislot and Pachinko challenges.
AGB Intelligence
INDIA
Digital India Foundation reveals alarming growth of illegal online gambling
A recent report by the Digital India Foundation (DIF) has warned about the levels of illegal online gambling registered in India, despite regulatory efforts. The report notes that these illegal sites garnered 1.6 billion visits within three months, particularly during the Indian Premier League season. It emphasizes the role of digital advertising in driving traffic to these platforms and the use of mule accounts to facilitate illicit transactions, amounting to approximately ₹2,500 crore ($300 million) monthly.Â
Industry Updates
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Corporate Spotlight
UU Wallet: Bridging traditional finance and Web3 flexibility
With a strong focus on security and efficiency, UU Wallet stands out with its instant cryptocurrency exchange capabilities and globally accepted prepaid card, making it a preferred choice for those navigating the complexities of digital finance.
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