Good morning. There’s no such thing as too much regulation. Or at least, that’s the way that Australian authorities are playing it, with Parliament receiving proposed amendments to its AML/CTF bill yesterday. This involves increased customer due diligence, further lowering reporting exemption requirements, while also focusing on virtual assets – such as NFTs. Meanwhile, PAGCOR is still planning to privatize its self-run casinos, but has now pushed the date back to 2026, due to changes to its charter and its desire to launch a Gaming Academy.
What you need to know
- Customer due diligence and virtual assets targeted in Australia’s new AML/CTF Bill Amendment, ahead of FATF mutual evaluation.
- PAGCOR’s casino privatization set for 2026, featuring charter amendment and establishment of a Gaming Academy to professionalize the industry.
On the radar
- Bloomberry Resorts’ third casino in Cavite expected to open by 2028.
- Genting Malaysia issues $525M in 7.25% notes via US subsidiaries.
- The Star still in discussions with gov’ts, regulators and lenders over financials.
- Wynn launches $800M in unsecured notes, using $130M to pay DOJ fine.
- Queensland Club and Pub EGM revenue up in August, sets new record.
AGB Intelligence
AUSTRALIA
New AML/CTF bill amendments in focus in Parliament
Australia is aiming to pass amendments to its anti-money laundering and counter-financing of terrorism (AML/CTF) legislation, introducing a proposal to Parliament. Most of the proposed changes it aims to introduce by March of 2026, ahead of its mutual evaluation by the FATF. Regarding gaming, these focus on customer due diligence and virtual assets, while also expanding the financial watchdog’s capacities.
Corporate Spotlight
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.
Industry Updates
- NuxGame partners with TaDa Gaming for new content collaboration.
- BGaming unveils new flexible paylines in Royal Fruits Multilines.
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