Good Morning. One player to rule them all. Chinese play has always been the lifeblood of Asian gaming, but a recent report by the Asian Racing Federation has highlighted exactly how extensive the tentacles reach. Throughout Southeast Asia, the Philippines, Cambodia, Myanmar and Laos have leveraged nearly half of worldwide illegal betting turnover, despite authorities’ attempts. And in Singapore, analysts say that VIP remains unaffected by the recent massive money laundering case.
What you need to know
- Greater China drives roughly half of global illegal betting turnover, with the Philippines, Cambodia, Myanmar, and Laos jointly yielding $425 billion.
- Despite Singapore’s recent massive money laundering case, an analyst at Maybank says that the VIP market remains unaffected.
On the radar
- Okada Manila revenue up by nearly one-third in 3Q23.
- MGM launches sightseeing cruise, enriching its non-gaming offerings.
- China satisfied with Philippines on cross-border gambling crackdowns.
- IPl faces two winding-up petitions in Hong Kong.
AGB Intelligence
ILLEGAL BETTING
Greater China driving worldwide illegal betting turnover
Nearly half of the worldwide illegal betting turnover likely came from Greater China, according to a new report by the Asian Racing Federation and The Mekong Club. The figure is estimated to reach some $425 billion, with four key centers in Asia – the Philippines, Cambodia, Myanmar and Laos. The total illegal betting market is estimated at somewhere near $1.7 trillion per year.
Corporate Spotlight
Evolution unveils innovative Prosperity Tree Baccarat game
Evolution, a prominent iGaming B2B solution provider, has announced the release of a groundbreaking game Prosperity Tree Baccarat, recreating the classic Baccarat play with a fresh and engaging twist.
All you need to know about 1xBet affiliate program
1xBet was founded in 2007 and started accepting bets online in 2010. Over the years, 1xBet has become a key player in the sports betting industry and is now one of the top three most visited betting websites.
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