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HomeNewsDaily Asia Gaming eBrief: India with strong gaming potential, facing hurdles: Consultant

Daily Asia Gaming eBrief: India with strong gaming potential, facing hurdles: Consultant

Good Morning. India’s gaming industry, particularly in Goa, is facing parallels with Macau’s early days, with rampant possibilities, albeit tempered by regulatory challenges and a steep tax framework, notes a top consultant. Meanwhile, MGM Resorts is taking the Federal Trade Commission to court over actions taken in the wake of the September cyber-attack which disrupted its IT systems for days and cost it millions. In Macau, Bank of America is estimating that Melco Resorts will resume its dividend payments as early as next year, ahead of previous expectations.

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On the radar


AGB Intelligence

INDIA

Strong gaming potential but regulations/tax hindering growth: Consultant

A top gaming consultant says that a recent trip to India highlighted the growth potential of the nation’s gaming industry, with parallels to the early days of Macau‘s liberalized gaming environment. However, regulatory hindrances and a high taxation framework are slowing the potential growth of the industry – issues that can hopefully be cleared up following the upcoming elections.


PAGCOR encouraging profit and tax revenue

Hakan Dagtas, Winn Tech COO

The COO of Newport World Resorts, Hakan Dagtas, has praised PAGCOR’s moves to further regulate the industry, in particular the online segment, offering a more positive investment environment that allows profitability and, ultimately, more government tax revenue. The adjustments in tax rates are also pushing operators out of the illegal space and into a regulated business, all positive for future growth.

Watch the interview now!


Corporate Spotlight

Sumsub takes the lead in gaming fraud protection

Sumsub @ ASEAN 2024

Sumsub, a full-cycle verification platform, proudly sponsored the ASEAN Gaming Summit 2024. Their sponsorship reaffirmed their commitment to helping gaming companies combat fraud amidst the escalating threat of illicit activities in the region. Sumsub took centre stage with an insightful panel discussion on How can PAGCOR use AI for Responsible Gaming/AML compliance.

A complete guide to the 1xBet affiliate program

A complete guide to the 1xBet, affiliate program

1xBet, a leading global betting company, introduced its affiliate program in 2016, quickly becoming renowned within the industry and earning recognition at the SBC Awards.


Industry Updates

  • Relax Gaming appoints Martin Stålros as CEO.
  • Playson celebrates further Portuguese growth in partnership with Lebull.pt.

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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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