Tuesday, July 23, 2024
HomeNewsDaily Asia Gaming eBrief: PAGCOR Chairman doesn't want police powers

Daily Asia Gaming eBrief: PAGCOR Chairman doesn’t want police powers

Good Morning. No need for “more teeth”. That’s what PAGCOR’s Chairman says about suggestions that the regulator should have police powers in order to go after bad actors in the offshore gaming space. Alejandro Tengco says the increase would only distract from its licensing and regulatory roles. Meanwhile, analysts are further raising their expectations for Macau’s FY25 GGR, now nearing $30 billion, amongst strong visitation and gaming figures. We also take a look at Jumbo’s new to market offerings, including a land-based product that started off online.

What you need to know


On the radar


AGB Intelligence

PHILIPPINES

PAGCOR Chairman doesn’t want police powers

The head of the Philippines’ gaming regulator says that he doesn’t want the authority to have police powers, saying it could dilute its effectiveness in handing out licenses and overseeing licensees. Alejandro Tengco lauds efforts so far in taking down illegal operators but notes that an outright ban on offshore gaming won’t eliminate criminal activity by foreign actors, in particular those who are being sought by Chinese authorities.


Corporate Spotlight

Online casinos onboard users in 52 seconds with Sumsub

Sumsub, Online Gaming fraud

Internet fraud is rising in the gambling and gaming industries. If platforms cannot prevent online gambling scams, they face AML compliance issues and reputational damage among partners and users. Thanks to Liveness, Sumsub’s advanced biometric check, companies can stop even the most sophisticated frauds, like hyper-realistic masks, look-alikes, and deep fakes.

How 1xBet dominates the Asian market: conditions and approach

1xBet, Asian Market

1xBet operates in several dozen countries in Asia, and the number of partners in this region is growing steadily, which indicates the effectiveness of the 1xPartners affiliate program. The brand offers favorable conditions and a modern set of tools for making money on the Internet.


Industry Updates


MEMBERSHIP | INTELLIGENCE | ASEAN | CAREERS

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.

LATEST ARTICLES

FOLLOW US

daily newsletter